Hawaii Mortgage Calculator 2026

Frequently Asked Questions — Hawaii Mortgage

What is the property tax on a $720,000 home in Hawaii?

On the Hawaii median home value of $720,000, the annual property tax is approximately $2,304 based on the 0.32% effective rate. That works out to $192/month added to your mortgage payment. Property tax is paid to local governments and can vary within the state by county and municipality — this figure represents the statewide effective average.

What is total PITI on a $400,000 home in Hawaii?

On a $400,000 home in Hawaii with 20% down ($80,000), a 30-year fixed mortgage at 6.99%, and 0.32% property tax, the estimated monthly PITI is: Principal & Interest $2,127, Property Tax $107, Homeowner's Insurance ~$167, Total PITI $2,400/month.

How does Hawaii's property tax compare to the national average?

Hawaii's 0.32% effective property tax rate is well below the national average of ~1.07%. On the median Hawaii home ($720,000), you'll pay about $450/month less in property tax than the national average — a meaningful savings that improves affordability.

How can I lower my property tax in Hawaii?

There are several ways to reduce your property tax bill in Hawaii: (1) Appeal your assessment — if your home's assessed value is higher than comparable recent sales, file a formal appeal with your local assessor's office. (2) Claim exemptions — most states including Hawaii offer homestead exemptions, senior exemptions, and veteran exemptions that reduce your taxable assessment. (3) Review your property record — errors in square footage, bedroom count, or condition can inflate your assessment. (4) Watch for assessment increases — in rapidly appreciating markets, annual increases may outpace your area's actual market. Many counties allow only a capped increase per year for owner-occupied homes.