This paper investigates the free vibration characteristics of truncated conical shells with variable thickness using the Haar wavelet method. Based on the Love first-approximation theory, the governing partial differential equations are formulated, which are transformed into ordinary differential equations using the separation of variables. The Haar wavelet discretization method is introduced to predict the dynamic characteristics of truncated circular conical shells with linearly and parabolically varying thickness. The present analysis is validated by comparing the numerical results with those available in the literature and very good agreement is achieved. The effects of geometrical parameters and boundary conditions on the vibration characteristics of conical shells with variable thickness are presented. The advantages of this method consist in its simplicity, fast convergence and high precision.