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Honolulu Reporter

Saturday, November 23, 2024

Analysis: Honolulu County effective property tax rates were lower than the national average in Q1

Realestate1

Property owners in Honolulu County paid 0.2% of the value of their homes in property taxes in the first quarter of 2024, 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 first quarter of 2024 was $1,300,000, based on data from the 1,527 properties sold during that time. In 2024, the median tax bill for the county was $2,712, 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 Maunawili, Pupukea, and Mokuleia paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 Maunawili with some other cities belonging to Honolulu County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Maunawili3$492,200$5,0241%
Pupukea4$576,560$5,9591%
Mokuleia5$560,000$2,5400.5%
Urban Honolulu702$582,500$2,1480.4%
Mililani Mauka37$1,220,000$3,0970.3%
Haleiwa8$1,190,750$3,2730.3%
Waipio19$714,600$2,4360.3%
Makaha42$380,000$9670.3%
Waimalu36$482,500$1,4710.3%
Waipio Acres22$463,500$1,3920.3%
Kaaawa2$1,029,950$3,0960.3%
Waipahu24$1,593,750$2,8670.2%
Kailua45$2,450,000$4,9650.2%
Waialua2$1,378,750$2,9330.2%
East Honolulu66$2,250,000$4,1570.2%
Ewa Gentry54$1,480,000$2,5190.2%
Kapolei32$1,515,000$2,4450.2%
Wahiawa20$1,620,000$2,5820.2%
West Loch Estate9$1,690,000$2,7050.2%
Pearl City39$1,340,000$2,9120.2%
Mililani Town41$1,500,000$3,2270.2%
Ewa Villages11$1,630,000$2,5010.2%
Kaneohe54$1,699,500$3,0370.2%
Ocean Pointe46$1,735,650$3,0280.2%
Royal Kunia10$1,819,000$2,7770.2%
Nanakuli7$309,000$5570.2%
Makakilo45$1,336,000$2,7560.2%
Ahuimanu15$1,587,500$2,7670.2%
Ewa Beach12$1,140,000$2,4490.2%
Ko Olina19$3,795,000$2,7630.1%
Waianae13$1,230,000$1,4860.1%
Aiea6$2,823,250$3,5360.1%
Maili12$1,345,000$1,9820.1%
Heeia6$3,615,000$3,7100.1%
Waikele19$1,300,000$1,9340.1%
East Kapolei4$1,843,525$2,4650.1%
Kahaluu2$5,542,500$3,8830.1%
Halawa19$3,030,000$3,2060.1%
Hauula5$3,030,000$2,8470.1%
Laie2$6,800,000$4,3490.1%
Kawela Bay5$5,100,000$2,359<0.1%

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