Volcano, Hawaii County, Hawaii Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.32%
Estimate Property Tax Bill
$863
$801
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.
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%
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 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
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