96763 Property Tax Rate

Property owners in ZIP code 96763 (Lanai City, Hawaii) pay a median of $943/year in property taxes on homes valued at $558,800. This translates to an effective tax rate of 0.17%, which is 32% below the Hawaii state average of 0.25%.

The monthly property tax burden for a median-valued home in 96763 is approximately $79, which factors into escrow payments on mortgages. This ZIP code is located within Maui County. This is $898 less than the Hawaii average of $1,841/year.

Compared to similar ZIP codes in Hawaii, 96763 has lower property taxes. ZIP codes with similar effective rates include 96719 (0.17%) and 96790 (0.18%).

In Lanai City, property taxes represent approximately 1.2% of the median household income of $79,808, providing context for the relative tax burden on homeowners in this area.

Maui County assesses property at current market value at purchase with no statewide cap, but Maui's 0.18% effective rate keeps annual taxes relatively modest on the $1,032,800 median home. Maui County does not offer a traditional homestead exemption, but eligible owner-occupants may qualify for the Owner-Occupied Residential Property exemption based on income — contact the Maui County Tax Assessor to apply. File your exemption application with the Maui County Tax Assessor within 30 days of taking title to ensure you receive owner-occupant treatment.