Association president Adrienne Pierce said Mr Lowe's family live in Havelock North and remain involved with the community.
"His funeral was so big because he did so much for the people of Hawke's Bay. The question was, how could we do something for him in the village?
"We came up with the idea of planting a totara tree and went through the process of taking [it] to the council."
Mrs Pierce said the association contacted Mr Lowe's family to suggest the idea. "They were overwhelmed that we were planning to do this. They were very grateful and so they have been very supportive."
The ceremony will be held at 3pm. Representatives from Mihiroa Marae, at nearby Pakipaki, will help welcome guests.
The association hoped the tree would be the first of many to be planted under the council's reserve management plan, which is currently being reviewed.
Mr Lowe lost his battle against Parkinson's disease but his work in the community continues to be an inspiration to many.