Volcano, Hawaii County, Hawaii Property Taxes

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

Median Volcano, HI effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, but higher than the Hawaii state median of 0.29%.
Median Volcano, HI home value: $269,600
Median annual Volcano, HI tax bill: $1,058, $1,342 lower than the national median property tax bill of $2,400.

How are property taxes in Hawaii County calculated?

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

Last Updated March 1, 2025

Volcano, Hawaii County, Hawaii Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.32%

Estimate Property Tax Bill

$863

$801

Ownwell's Volcano Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Volcano with just two data points. By entering your property's estimated assessed value, our calculator applies Volcano’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 Volcano, Hawaii County, Hawaii

Local government entities determine tax rates, and these can vary significantly within a state. Each county annually calculates its budget needs for services and divides this by the total value of all taxable property within its boundaries, resulting in the property tax rate. Although tax rates and budgets are subject to votes and laws, this is essentially the yearly process.

In Volcano, located in Hawaii County, the effective property tax rate is 0.32%, which is notably lower than the national median of 1.02%. This makes Volcano an attractive location for property owners seeking lower tax obligations. Compared to the overall state of Hawaii, which has its own median rate, Volcano’s rate is competitive and advantageous.

For property owners in Volcano, understanding these local tax dynamics is crucial for financial planning. The lower tax rate not only eases the annual tax burden but can also enhance the appeal of investing in property within this region. As property tax rates directly impact the cost of owning a home, choosing a location with favorable rates like Volcano can lead to significant savings over time.

Property Tax Rates Across Volcano, Hawaii County, Hawaii

Source: Ownwell

0.22%

0.35%

0.48%

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 Volcano Tax Rate

0.32%

Median Effective Hawaii County Tax Rate

0.35%

Median Effective Hawaii Tax Rate

0.29%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Volcano, Hawaii County, Hawaii

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
96785	0.12%	0.19%	0.32%	1.11%	1.11%

Source: Ownwell

Property Tax Assessment Values Across Volcano, Hawaii County, Hawaii

When examining property taxes in Volcano, Hawaii, 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 appraisal district 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 Volcano. For example, the median home price in Volcano is $269,600, with tax bills ranging significantly across the county. Zip code 96785 has the highest median home price at $269,600.

Property Tax Assessment Values Across Volcano, Hawaii County, Hawaii

Source: Ownwell

$237,000

$502,525

$768,050

Median Volcano Market Value

$269,600

Median Hawaii County Market Value

$412,300

Median Hawaii Market Value

$781,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Volcano, Hawaii County, Hawaii

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
96785	$121,460	$189,300	$269,600	$366,500	$481,520

Source: Ownwell

Property Tax Bills Across Volcano, Hawaii County, Hawaii

In Volcano, located in Hawaii County, HI, property tax bills are calculated based on the assessed value of a home, not the market value. The local government sets a tax rate which is applied to this assessed value to determine the tax bill. The median home price in Volcano is $269,600, and homeowners may find their tax bills vary significantly. For instance, tax bills in the 25th percentile are around $419, while those in the 75th percentile reach approximately $2,304. At the 90th percentile, taxes can be as high as $3,755. Comparatively, the national median property tax bill is $2,400, making Volcano’s property tax bills generally lower. Homeowners in Volcano can face unexpected financial burdens if their property is over-assessed. This is where Ownwell can assist. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners appeal their property taxes, potentially lowering their tax bills and ensuring they pay only their fair share.

Property Tax Bills Across Volcano, Hawaii County, Hawaii

Source: Ownwell

$592

$2,252

$3,912

Median Volcano Tax Bill

$1,058

Median Hawaii County Tax Bill

$1,619

Median Hawaii Tax Bill

$2,234

Median United States Tax Bill

$2,400

Property Tax Bills Across Volcano, Hawaii County, Hawaii

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
96785	$200	$419	$1,058	$2,304	$3,755

Source: Ownwell