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Honolulu Reporter

Thursday, September 19, 2024

Analysis: Honolulu County effective property tax rates were lower than the national average in Q2 2023

Realestate4

Property owners in Honolulu County paid 0.2% of the value of their homes in property taxes in the second quarter of 2023, which is less than 0.2 times the national average, according to the real estate analysis posted by Honolulu Reporter.

The median sales price of a Honolulu County home in the second quarter of 2023 was $1,410,000, based on data from the 1,087 properties sold during that time. In 2023, the median tax bill for the county was $2,614, which is 0.2% of the median value of the homes that were taxed.

This is 0.2 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Honolulu County real estate data showed homeowners in Mokuleia and Waipio paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Mokuleia with some other cities belonging to Honolulu County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Mokuleia5$600,000$2,4470.4%
Waipio12$535,000$2,3480.4%
Urban Honolulu443$637,500$2,0690.3%
Waimalu24$562,500$1,4170.3%
Waikele11$735,000$1,8640.3%
Waipio Acres15$505,000$1,3420.3%
Mililani Mauka29$1,374,000$2,9850.2%
Ewa Gentry46$1,525,000$2,4280.2%
Wahiawa14$1,132,900$2,4880.2%
West Loch Estate7$1,738,000$2,6070.2%
Pearl City28$1,569,000$2,8060.2%
Mililani Town26$1,528,750$3,1100.2%
Ewa Villages3$1,409,500$2,4100.2%
Kaneohe40$1,350,000$2,9270.2%
Makaha24$375,000$9320.2%
Ocean Pointe60$1,780,000$2,9180.2%
Makakilo37$1,310,000$2,6560.2%
Ahuimanu8$1,705,000$2,6660.2%
Ewa Beach8$1,508,000$2,3600.2%
Waimanalo2$1,239,400$2,3760.2%
Halawa10$1,845,000$3,0890.2%
Waipahu10$1,843,000$2,7630.1%
Ko Olina8$1,907,750$2,6620.1%
Kailua49$4,314,000$4,7850.1%
East Honolulu50$3,262,500$4,0060.1%
Kapolei24$1,742,200$2,3560.1%
Royal Kunia11$1,896,000$2,6760.1%
Waianae6$1,310,000$1,4320.1%
Aiea4$2,765,000$3,4070.1%
Maili21$1,350,000$1,9100.1%
Nanakuli9$465,000$5370.1%
Heeia5$3,300,000$3,5750.1%
East Kapolei12$1,605,000$2,3760.1%
Kahaluu6$3,063,500$3,7420.1%
Kaaawa3$3,495,000$2,9840.1%
Maunawili3$4,965,000$4,8420.1%
Hauula5$4,596,000$2,7440.1%
Kawela Bay2$4,350,000$2,2730.1%
Kahuku2$5,512,500$2,265<0.1%

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