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Honolulu Reporter

Saturday, November 23, 2024

Honolulu County effective property tax rate in Q4 2023 was lower than the national average

Realestate2

Property owners in Honolulu County paid 0.2% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2023 was $1,250,000, based on data from the 1,433 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 Pupukea, Kaaawa, and Mokuleia 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 Pupukea with some other cities belonging to Honolulu County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Pupukea10$608,720$5,7420.9%
Kaaawa3$515,000$2,9840.6%
Mokuleia7$472,500$2,4470.5%
Mililani Mauka39$697,500$2,9850.4%
Waipio17$525,000$2,3480.4%
West Loch Estate7$652,500$2,6070.4%
Makakilo36$607,500$2,6560.4%
Urban Honolulu682$669,900$2,0690.3%
Makaha39$361,400$9320.3%
Waimalu25$468,000$1,4170.3%
Waikele18$581,000$1,8640.3%
Waipio Acres23$440,000$1,3420.3%
Waipahu23$1,737,500$2,7630.2%
Waialua4$1,660,000$2,8260.2%
Ewa Gentry61$1,560,000$2,4280.2%
Kapolei27$1,440,000$2,3560.2%
Wahiawa16$1,545,000$2,4880.2%
Pearl City42$1,700,000$2,8060.2%
Mililani Town38$1,538,000$3,1100.2%
Kaneohe45$1,775,000$2,9270.2%
Ocean Pointe31$1,697,700$2,9180.2%
Nanakuli12$313,500$5370.2%
East Kapolei5$1,500,000$2,3760.2%
Ahuimanu12$1,550,400$2,6660.2%
Halawa15$1,700,000$3,0890.2%
Hauula8$1,486,000$2,7440.2%
Ko Olina15$2,062,500$2,6620.1%
Kailua52$3,882,000$4,7850.1%
East Honolulu44$3,232,500$4,0060.1%
Whitmore Village2$1,675,000$2,2890.1%
Ewa Villages5$1,620,000$2,4100.1%
Royal Kunia7$1,960,000$2,6760.1%
Waianae9$1,214,000$1,4320.1%
Aiea6$3,322,500$3,4070.1%
Maili19$1,340,000$1,9100.1%
Heeia7$4,200,000$3,5750.1%
Kahaluu4$4,151,250$3,7420.1%
Ewa Beach9$1,660,000$2,3600.1%
Punaluu2$5,350,000$3,4950.1%
Laie2$4,725,000$4,1900.1%
Kawela Bay2$2,996,900$2,2730.1%

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