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Honolulu Reporter

Thursday, September 19, 2024

Honolulu County effective property tax rate in Q2 was lower than the national average

Realestate4

Property owners in Honolulu County paid 0.2% of the value of their homes in property taxes in the second 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 second quarter of 2024 was $1,270,000, based on data from the 2,035 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 Urban Honolulu, Mililani Mauka, and Waipio 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 Urban Honolulu 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 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Urban Honolulu979$550,000$2,1480.4%
Mililani Mauka41$840,000$3,0970.4%
Waipio18$562,000$2,4360.4%
Makaha52$309,600$9670.3%
Waianae11$450,000$1,4860.3%
Waimalu51$515,000$1,4710.3%
Waipio Acres26$443,000$1,3920.3%
Waipahu20$1,758,000$2,8670.2%
Haleiwa5$1,978,000$3,2730.2%
Ewa Gentry61$1,500,000$2,5190.2%
Mokuleia10$1,129,000$2,5400.2%
Wahiawa18$1,575,620$2,5820.2%
West Loch Estate7$1,750,000$2,7050.2%
Pearl City47$1,620,000$2,9120.2%
Mililani Town52$1,441,000$3,2270.2%
Kaneohe85$1,787,500$3,0370.2%
Ocean Pointe70$1,844,000$3,0280.2%
Royal Kunia17$1,798,000$2,7770.2%
Maili33$1,260,000$1,9820.2%
Heeia10$1,699,000$3,7100.2%
Makakilo53$1,412,000$2,7560.2%
Ewa Beach29$1,492,000$2,4490.2%
Kaaawa4$1,337,500$3,0960.2%
Ko Olina16$3,256,000$2,7630.1%
Kailua57$3,600,000$4,9650.1%
Waialua3$1,962,500$2,9330.1%
East Honolulu81$3,564,000$4,1570.1%
Kapolei36$1,646,500$2,4450.1%
Whitmore Village5$1,730,000$2,3760.1%
Ewa Villages12$1,720,000$2,5010.1%
Aiea10$3,300,000$3,5360.1%
Nanakuli9$505,000$5570.1%
Waikele27$1,430,000$1,9340.1%
East Kapolei13$1,776,000$2,4650.1%
Kahaluu13$4,125,000$3,8830.1%
Ahuimanu14$1,875,000$2,7670.1%
Waimanalo2$3,630,000$2,4660.1%
Halawa15$2,275,000$3,2060.1%
Punaluu2$4,626,250$3,6270.1%
Hauula7$4,161,000$2,8470.1%
Kahuku2$3,600,000$2,3510.1%
Kawela Bay5$4,400,000$2,3590.1%
Pupukea4$4,867,500$5,9590.1%

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