Waikoloa, Hawaii County, Hawaii Property Taxes

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

Median Waikoloa, HI effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but higher than the Hawaii state median of 0.29%.
Median Waikoloa, HI home value: $570,300
Median annual Waikoloa, HI tax bill: $3,195, $795 higher than the national median property tax bill of $2,400.

How are property taxes in Hawaii County calculated?

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

Last Updated March 1, 2025

Waikoloa, Hawaii County, Hawaii Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.47%

Estimate Property Tax Bill

$2,680

$2,487

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

Local government entities set property tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Waikoloa, located in Hawaii County, the effective property tax rate stands out when compared to other cities in Hawaii and the national average. The median property tax rate in Hawaii is significantly lower than the national median of 1.02%, providing an attractive proposition for property owners. This lower rate can result in substantial savings, making Waikoloa and other areas in Hawaii appealing places for property investment. With the national median property tax bill being $2400, the potential for reduced expenses in Hawaii County is clear. As property tax rates are a crucial factor in real estate decisions, understanding these dynamics can greatly benefit homeowners and investors alike.

Property Tax Rates Across Waikoloa, 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 Waikoloa Tax Rate

0.47%

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 Waikoloa, Hawaii County, Hawaii

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
96738	0.20%	0.28%	0.47%	1.17%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Waikoloa, Hawaii County, Hawaii

When examining property taxes in Waikoloa, 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 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.

Assessment notices: 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 Waikoloa. For example, the median home price in Waikoloa is $570,300, with tax bills ranging significantly across the county. Zip code 96738 has the highest median home price at $570,300.

Property Tax Assessment Values Across Waikoloa, Hawaii County, Hawaii

Source: Ownwell

$237,000

$502,525

$768,050

Median Waikoloa Market Value

$570,300

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 Waikoloa, Hawaii County, Hawaii

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
96738	$295,700	$429,525	$570,300	$741,800	$873,900

Source: Ownwell

Property Tax Bills Across Waikoloa, Hawaii County, Hawaii

In Waikoloa, located in Hawaii County, HI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Waikoloa face varying tax bills, with the 25th percentile paying around $1,472, while those in the 75th percentile pay approximately $6,662. The 90th percentile tax bill can reach up to $9,068. Compared to the national median property tax bill of $2,400, Waikoloa's property tax bills can be significantly higher, especially for homes with higher assessed values. This can place a substantial financial burden on homeowners.

Ownwell can help homeowners in Waikoloa reduce their property tax bills by providing expert property tax appeal services. By analyzing the assessed value and comparing it with market trends, Ownwell identifies discrepancies and files appeals on behalf of homeowners. This service can lead to significant savings, ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Waikoloa, Hawaii County, Hawaii

Source: Ownwell

$592

$2,252

$3,912

Median Waikoloa Tax Bill

$3,195

Median Hawaii County Tax Bill

$1,619

Median Hawaii Tax Bill

$2,234

Median United States Tax Bill

$2,400

Property Tax Bills Across Waikoloa, Hawaii County, Hawaii

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
96738	$828	$1,472	$3,195	$6,662	$9,068

Source: Ownwell