HfO2 films are high laser damage-threshold and low-absorption thin-films that can be utilized for a broad range of optoelectronic and optical applications. In this study, HfO2 thin films were prepared via dual ion beam sputtering followed by annealing in the atmosphere at temperatures ranging from 200 to 700 °C. The optical properties, microstructure, film stress, and absorption loss of the HfO2 films at various annealing temperatures were then systematically characterized. The results revealed that the properties of the films were improved after annealing at temperatures below 500 °C. Specifically, at an optimal annealing temperature of 400 °C, the residual stress of the films was minimized close to zero and the absorption loss was as low as 1 ppm. However, at annealing temperatures reaching 600 °C, the films began to crystallize, leading to the deterioration of their optical properties. Optimizing the process parameters for HfO2 thin film deposition is crucial for developing the next generation of high-performance laser optics.