Hawaii (HI) property tax rate: 0.27% | Median home: $835,000 | Median annual tax: $2,255
Hawaii is the most expensive housing market outside the mainland. The average effective property tax rate in Hawaii is 0.27%, which is below the national average of 1.1%.
On the median Hawaii home valued at $835,000, annual property taxes come to approximately $2,255 or $188/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Hawaii has the lowest property tax rate in the US but the highest home prices.
Combined with Hawaii's state income tax rate of 11%, homeowners should consider the total tax picture. Property taxes in Hawaii are manageable and in line with regional averages.
See all Hawaii financial calculators:
Hawaii has an average effective property tax rate of 0.27%. On the median home value of $835,000, that equals approximately $2,255 per year or $188 per month.
Property taxes in Hawaii are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Hawaii has the lowest property tax rate in the US but the highest home prices.
Hawaii property taxes are well below the national average of 1.1%. This is a genuine financial advantage for homeowners in Hawaii.
Property tax due dates vary by county in Hawaii. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.