Your taxes will be based on the assessed value, which is equal to market value. If you have an issue with your home’s assessment, you can appeal with your local tax board. Your home will be appraised once a year, and after you’ll receive your property’s assessed value in the mail. ![]() So if you plan on calling the Aloha State your year-round home, you’ll save some money on property taxes.Įach county in Hawaii administers and collects property tax. One of the reasons is exemptions for owner-occupied residences. ![]() Hawaii has the lowest property tax rates in the nation, with an average effective rate of 0.28%. While your mortgage payment may be high due to Hawaii’s hefty real estate prices, you won’t be burdened with high property taxes on top of it.
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