Hawaii Mortgage Calculator
Calculate your monthly payment in Hawaii, with property tax included using the state's effective rate of 0.27%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Hawaii: the numbers
No state taxes homes more lightly than Hawaii does. Its effective property tax rate is 0.27%, 71% lower than the 0.92% national average, and it has the lowest rate of all 50 states.
Looking at the median home in Hawaii ($839,100), the median annual property tax is $2,239. Divided by twelve, that is about $187 each month.
| Effective property tax rate | 0.27% |
|---|---|
| Median home value | $839,100 |
| Median annual property tax | $2,239 |
| Rank by rate (1 = highest of 50) | 50 |
| Difference vs 0.92% national average | 0.65 points below (71% below) |
What this means for your monthly payment
Two worked examples for Hawaii, using the figures above:
Example 1: the median home
$2,239 per year ÷ 12 = about $187 per month in property tax (median home value: $839,100).
Example 2: a $300,000 home
$300,000 × 0.27% ÷ 12 = about $68 per month, or $810 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Hawaii it is about $810, which is $1,950 less per year (about $162 less per month).
Compare with similar states
States ranked just above and just below Hawaii by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- Colorado — 0.48% (rank 45)
- Arizona — 0.48% (rank 45)
- South Carolina — 0.48% (rank 45)
- Nevada — 0.47% (rank 48)
- Alabama — 0.38% (rank 49)
Ranked just below (lower rate)
No states.
Hawaii property tax FAQ
What is the property tax rate in Hawaii?
The effective property tax rate in Hawaii is 0.27%. That is 71% below the 0.92% national average, and the state has the lowest rate of all 50 states.
How much is property tax on a $300,000 home in Hawaii?
At Hawaii's effective rate of 0.27%, property tax on a $300,000 home works out to about $810 per year, or about $68 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Hawaii is about $1,950 less per year.
How much is property tax on the median home in Hawaii?
The median home value in Hawaii is $839,100, and the median annual property tax is $2,239, which is about $187 per month.
Does the property tax rate vary inside Hawaii?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.27% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.