Hawaii has the lowest property tax rate in the United States, at just 0.31%. Real property, land and improvements are taxed. Tax rates are per $1,000 value. Property taxes are administered by Honolulu, Hawaii, Maui Kauai counties.
Personal property is not subject to property tax. Property tax advantages include a $300,000 home exemption.
Property taxes are an important source of revenue to fund public services and infrastructure. Taxes are calculated by multiplying the assessed value by the applicable rate set by the county. Rates can vary depending on classification and district.
National property taxes average $2,471 per household each year. Hawaii residents pay about eight times less in property taxes than New Jersey residents.
Hawaii collects a 4% general excise tax on business activities, including retail sales. The tax funds public services. Additional local taxes may apply. Understanding unique exemptions and rates is key.
At what age do you stop paying property taxes in Hawaii?
What is Hawaii personal income tax?