Maui Property Tax

Found 6 blog entries about Maui Property Tax.

Maui Real Property Tax Assessement Information

Property owners in Maui County should be receiving their notices of their annual Real Property Tax Assessment, which were mailed on March 15, 2020.  The notices will include:

  • Tax Rate Classification
  • January 1st Assessment (market value as of last June 30th, 2019)
  • Exemption and person receiving the exemption

The deadline to file an appeal is April 9, 2020.  Errors can occur, exemptions can be missed, so please check your notice carefully. If no action is taken the owner will be committed to the tax rate classification, assessment value and exemption information presented on the form for the entire year.  

Please look for this assessment notice in the mail. When you receive it, review it for accuracy and if you have any questions,…
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Maui County Property Taxes: Important Dates and Appeals

Right now, property tax owners are receiving notices for the second instalment of property taxes, which are due February 20, 2019.  In March, notices of assessed valuations will be mailed and owners will have until April 9, 2019 to file an appeal.

January 1 Assessed values established for use during the next tax year.
January 20 Second half of fiscal year tax bills mailed.
February 20 Second half of fiscal year tax bills due.
March 15 Assessment notices mailed.
April 9 Deadline for filing appeals.
May 1 Certified assessments forwarded to the County Council for budget purposes
June 20 Tax rates established by the County
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Maui Property Tax Rates for 2018-2019 Fiscal Year

The Maui County Council approved the new property tax rates for the July 1, 2018-June 30, 2019 Fiscal Year.

The figures below show the rates for each year.  Traditionally, the lowest tax rate is for Homeowner, where this is their declared primary residence.  The highest tax rate remains the Time Share Classification.   This is the first year the county has added the category of Short Term Rental for those condominiums that are rented for a period of time less than 180 days.  Read More on Maui Short Term Rentals.

Maui County assesses taxes based on the tax rate multiplied by the assessed value of the property.  The county assesses values each year based on the sales in the prior fiscal year. 

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Maui Property Tax Rates Announced for 2017-2018 Fiscal Year

Per the Maui News article on June 5, 2017, the Maui County Council approved the new property tax rates for the July 1, 2017-June 30, 2018 Fiscal Year.

Maui County Property Tax Rates 2017 to 2018

The figures below show the rates for each year.  Traditionally, the lowest tax rate is for Homeowner, where this is their declared primary residence.  The highest tax rate remains the Time Share Classification.  The figures below are the Rate($)/Million of Assessed Value.

Maui Property Tax Rates 2017-2018

Change in tax rates by classification over 2016-2017 fiscal year:

Maui Property Tax Rate Increases

Taxes increased across all categories from last year to this year, with the larges increase in those properties classified for use as Industrial,

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MAUI VACATION RENTAL (TRANSIENT ACCOMMODATIONS) FAQs

Update as of 4/12/2018: Maui County has passed a law that changes one of the requirements for the ability to apply for a permit to rent for any period of less than 180 days if the property does not have hotel zoning.  Previously, the application required tht the home be at least five years old.  With the new law, the applicant must have owned the home for five years prior to applying for the short term rental home permit.  This new law was passed on 3/27/2018 takes effect on 9/27/2018.

As a realtor here on Maui, working primarily in resort areas, the most frequently asked questions I encounter are "can I vacation rent this property when I'm not using it?" and, if so, "can I manage the property

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As many of the buyers of Maui real estate purchasing the property as a second home, the way property taxes are assessed here may differ from how properties are assessed in their home state or county.  

Each Year, Maui County will assess both property values and establish new rates.  The 2016-2017 rates follow below:

 

Maui Real Property Tax Rates 2016-17

While the county assess rates on a /$1000 basis, when coming up with figures, I find it easiest to use $1M.  For example, if buying a condominium that will be rented as a vacation rental, it would fall under the Hotel & Resort category, which is $8.71/$1000.  If you are buying a property assessed by the county at $1,000,000, it would be $8,710/year.  If the property is $500,000, it would be half that, or $4,355.  The following

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