Ocean View, Hawaii County, Hawaii Property Taxes

Name: Property Tax Bills Across Ocean View, Hawaii County, Hawaii
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Ocean View, HI effective property tax rate: 0.23%, significantly lower than the national median of 1.02%, but lower than the Hawaii state median of 0.29%.
Median Ocean View, HI home value: $284,200
Median annual Ocean View, HI tax bill: $694, $1,706 lower than the national median property tax bill of $2,400.

How are property taxes in Hawaii calculated?

Property taxes in Ocean View, HI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Ocean View’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ocean View, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ocean View, Hawaii County, Hawaii Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.21%

Estimate Property Tax Bill

$692

$642

Ownwell’s Ocean View Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ocean View with just two data points. By entering your property's estimated assessed value, our calculator applies Ocean View’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hawaii County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ocean View, Hawaii County, Hawaii

Local government entities determine tax rates, which can vary significantly within a state. Annually, each county calculates its required budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure.

Ocean View in Hawaii County, HI, has an effective property tax rate that is notably lower than the national median. This can be advantageous for property owners in Ocean View, especially when compared to the national median property tax rate. The median property tax rate in Hawaii is also significantly below the national average, making it an attractive state for property investment. Property owners in Ocean View benefit from lower tax bills, which can lead to long-term savings. Understanding these differences can be crucial for prospective property buyers and investors, as lower property taxes can significantly impact the overall affordability and attractiveness of owning property in this region.

Property Tax Rates Across Ocean View, Hawaii County, Hawaii

Source: Ownwell

0.24%

0.33%

0.42%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Ocean View Tax Rate

0.21%

Median Effective Hawaii County Tax Rate

0.30%

Median Effective Hawaii Tax Rate

0.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ocean View, Hawaii County, Hawaii

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
96737	0.19%	0.28%	0.32%	0.87%	0.88%
96704	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Ocean View, Hawaii County, Hawaii

When examining property taxes in Ocean View, HI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hawaii County Real Property Tax Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hawaii County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ocean View.

For example, the median home price in Ocean View is $284,200, with tax bills ranging significantly across the county. Zip code 96704 has the highest median home price at $284,200.

Property Tax Assessment Values Across Ocean View, Hawaii County, Hawaii

Source: Ownwell

$366,850

$663,950

$961,050

Median Ocean View Market Value

$329,400

Median Hawaii County Market Value

$510,150

Median Hawaii Market Value

$836,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ocean View, Hawaii County, Hawaii

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
96737	$209,990	$218,825	$366,850	$403,950	$467,820
96704	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Ocean View, Hawaii County, Hawaii

In Ocean View, Hawaii County, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as the property’s location, size, and any applicable exemptions or deductions can influence the assessed value. Homeowners in Ocean View experience a range of tax bills, with the 25th percentile at $257 and the 75th percentile reaching $1,180, while the 90th percentile can go up to $1,912. These figures highlight the variability in tax burdens, which can significantly impact a homeowner’s financial planning. Compared to the national median property tax bill of $2,400, Ocean View's tax bills can be considerably lower. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By leveraging expert knowledge, Ownwell can help reduce tax liabilities, making homeownership more affordable and financially sustainable.

Property Tax Bills Across Ocean View, Hawaii County, Hawaii

Source: Ownwell

$1,191

$2,710

$4,228

Median Ocean View Tax Bill

$732

Median Hawaii County Tax Bill

$1,672

Median Hawaii Tax Bill

$2,488

Median United States Tax Bill

$2,400

Property Tax Bills Across Ocean View, Hawaii County, Hawaii

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
96737	$418	$631	$1,391	$2,252	$3,237
96704	N/A	N/A	N/A	N/A	N/A

Source: Ownwell