Arkansas vs Hawaii
Property Tax Comparison: Arkansas vs. Hawaii
Summary – Both Arkansas and Hawaii levy property taxes based on the assessed value of real‑estate, but the effective rates and the resulting tax amounts differ markedly. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Hawaii’s effective property tax rate is lower than Arkansas’s, while home values in Hawaii are substantially higher.
Side‑by‑Side Metrics
| Metric | Arkansas | Hawaii |
|---|---|---|
| Effective property tax rate | 0.57 % | 0.27 % |
| Median home value | $175,300 | $808,200 |
| Median annual property tax | $1,003 | $2,183 |
| Tax on a $250,000 home | $1,431 | $675 |
| Tax on a $500,000 home | $2,861 | $1,351 |
| Median household income | $58,773 | $98,317 |
Sources: Data are taken from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State “Wins” on Property Tax?
Winner (lower tax rate): Hawaii
- Rate difference: 0.30 percentage points (0.57 % – 0.27 %).
- Relative difference: 52.8 % lower rate in Hawaii (0.30 % ÷ 0.57 % ≈ 52.8 %).
Annual tax impact on example properties
| Home value | Arkansas tax | Hawaii tax | Difference (Arkansas – Hawaii) |
|---|---|---|---|
| $250,000 | $1,431 | $675 | $756 |
| $500,000 | $2,861 | $1,351 | $1,510 |
Based on the lower effective property tax rate, Hawaii imposes a smaller percentage of a property's value as tax, which translates into lower annual tax bills for the same assessed value.
Who Might Find This Comparison Most Relevant?
| Audience | Why the data matter |
|---|---|
| Current or prospective homeowners | Property tax bills directly affect monthly housing costs; the lower rate in Hawaii may reduce the tax portion of total housing expenses, though higher home prices can offset that benefit. |
| Retirees | Fixed‑income retirees often prioritize predictable, lower recurring expenses. A lower tax rate can be advantageous, but overall cost of living—including home price—should be considered. |
| Real‑estate investors | Effective tax rate influences cash‑flow calculations. Hawaii’s lower rate can improve net operating income on high‑value assets, while Arkansas’s higher rate may be less favorable on comparable properties. |
| Policy analysts / researchers | The contrasting rates illustrate how state tax structures interact with market values and income levels. |
Additional Resources
- Detailed information on Arkansas property taxes: Arkansas property tax
- Detailed information on Hawaii property taxes: Hawaii property tax
Note: All figures reflect the most recent ACS estimates available at the time of writing. Property tax rates can vary within states due to local jurisdictions, exemptions, and assessment practices. Prospective taxpayers should consult local assessors for precise calculations.
Explore More Comparisons
Discover how property taxes compare across all states in our comprehensive comparison guide.
Data Source
All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates). This comprehensive dataset provides reliable, standardized property tax information across all states.