Property Taxes in Hawaii
Hawaii's effective property tax rate is 0.32%, ranking #1 out of 50 states (1 = lowest). The median annual property tax paid is $1,971.
Hawaii has the lowest effective property tax rate in the nation when measured as a percentage of home value, but because home values are so high, the actual dollar amount paid is still substantial. The state uses a tiered system where owner-occupied residences receive a significantly lower tax rate than investment or vacation properties. Hawaii's homeowner exemption varies by county — Honolulu offers a $100,000 exemption, while the Big Island and Maui have different amounts. Buyers should verify the property's current classification and rate with the county tax office.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.32%
Median Annual Tax
$1,971
National Rank
#1 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $640 | $53 |
| $300,000 | $960 | $80 |
| $400,000 | $1,280 | $107 |
| $500,000 | $1,600 | $133 |
| $750,000 | $2,400 | $200 |
* Based on the average effective rate of 0.32%. Actual rates vary by county and municipality.
Homestead Exemption in Hawaii
Up to $30,000 (head of household)
File for the homestead exemption after purchasing your primary residence in Hawaii to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.