Hawaii variant. This is a Hawaii-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Hawaii's effective property tax rate of 0.27% means the owner of a median $855,000 home pays roughly $2,309 per year - a figure that varies widely by state.
How Hawaii property tax is calculated
Property tax = assessed value × local millage rate. The 0.27% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $855,000 Hawaii median home, that works out to about $2,309/year or $192/month - often escrowed into your mortgage payment.
About taxes and housing in Hawaii
Hawaii has one of the most graduated income tax structures in the country, with many brackets and a top rate of 11%.
Hawaii has the lowest effective property tax rate in the nation, though sky-high home prices keep total housing costs among the highest.
Hawaii's economy depends heavily on tourism and the military, and its island geography drives one of the highest costs of living in the U.S.
Worked example: tax on a $855,000 home
$855,000 × 0.27% = $2,309 per year. A $500,000 home in Hawaii would owe about $1,350 annually at the same effective rate.
Quick reference
- State income tax: 1.4-11% across 12 brackets (most in US)
- State sales tax: 4% (plus 0.50% avg local)
- Median home value: $855,000
- Median household income: $94,814
- Effective property tax rate: 0.27%
- Avg auto insurance: $1,351/yr
Frequently Asked Questions
What is the property tax rate in Hawaii?
Hawaii's effective property tax rate averages 0.27% of market value per year.
How much property tax on a $855,000 home in Hawaii?
About $2,309 per year at the 0.27% effective rate.