Makaweli, Hawaii Property Taxes
The median property tax rate in Makaweli, HI is 0.53%, significantly higher than the state median of 0.29% but lower than the national median of 0.99%. With a median home value of $2,714,150, the typical annual property tax bill in Makaweli reaches $19,613, far exceeding the national median of $2,690. Property taxes in Makaweli are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Makaweli's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Makaweli or another part of Kauai County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Makaweli, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$14,385
Ownwell’s Makaweli Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Makaweli with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Makaweli to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Makaweli, Hawaii
Property taxes in Makaweli, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Makaweli is 0.53%, significantly lower than the U.S. national median of 0.99%. Local government entities within Makaweli set these rates annually, and they can vary significantly across different neighborhoods. Each year, Makaweli estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Makaweli's effective property tax rate to other areas in Hawaii and the national median. For comparison, the zip code 96769 has the highest median property tax rate of 0.53%, while it also has the lowest median tax rate of 0.53%. Understanding how these figures compare with Makaweli provides valuable insights into the varying tax landscape across Kauai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Makaweli Tax Rate
0.53%
Average Kauai County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Makaweli, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96769 | 0.20% | 0.22% | 0.53% | 0.84% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Makaweli, Hawaii
In Makaweli, Hawaii, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Kauai County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Makaweli, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Makaweli helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Makaweli is 96769, with a median tax bill of $19,613.
Average Makaweli Assessed Value
$2,714,150
Average Kauai County Assessed Value
$795,200
Average Hawaii Assessed Value
$781,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Makaweli, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96769 | $1,159,520 | $1,582,925 | $2,714,150 | $4,224,000 | $8,963,190 |
Source: Ownwell
Property Tax Bills Across Makaweli, Hawaii
In Makaweli, located in Kauai County, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, market conditions, and comparable property values in the area are considered when assessing a property's value. Homeowners in Makaweli can expect varying tax bills depending on their property's assessed value. For example, the 25th percentile tax bill is around $5,030, while the 75th percentile tax bill reaches approximately $27,139. The highest median tax bill in the area is $19,613, which is significantly higher than the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Makaweli Tax Bill
$19,613
Average Kauai County Tax Bill
$2,304
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Makaweli, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96769 | $3,573 | $5,030 | $19,613 | $27,139 | $43,528 |
Source: Ownwell