Category Archives: Economy

Update Regarding Bill 9

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Aloha All, 

As promised, we attended two meetings regarding Bill 9. Following is an overview of both events. 

1. The TIG (temporary investigative group) of the Maui County Council met on Tuesday 10/14/25 and reported its preliminary ideas. In short, they realized that eliminating 6,500 private vacation rentals could be financially devastating to all of the citizens of Maui. They preliminarily suggested that many of the Vacation Rental condos and homes could be changed to a type of hotel zoning which they described would be zoned H-3 and H-4. TIG Report or Exhibit Two of that report listed many units that could possibly be omitted from Bill 9’s Minatoya List. If you would like to receive that list, email us at dad@MauiRealEstate.NET or Call Bob at 808-283-9456 to receive that list as it is extensive and we promised this would be a short newsletter. 

2. The Maui Vacation Rental Association held a gathering of over 200 Citizens on Wednesday 10/15/25. There was a short presentation regarding the TIG report. It was emphasized that this report was not part of any Bill only recommendations for the County Council to consider. There are several issues besides TIG’s suggestions which are not part of the Bill. Additionally, changing zoning would take an extremely long time and might not be approved, two of the TIG members that approved TIG are adamantly for Bill 9 of which one stated Bill 9 would have to be approved before the Suggestions (converted into a Bill) would be approved and of course, it would have to go through all the layers. Additionally, Mayor Bissen, who might not be re-elected, might veto it. 

3. A third meeting where there will be Council Members present is expected to be called to occur sometime next week. If you want to be informed about that meeting let us know. 

It is extremely important for EVERYONE to let their feelings be known to the County Council. If you need the emails for all 9 Council members just ask dad@mauirealestate.net . Remember even if you do not own a vacation rental, this will effect Maui’s Economy. 

Property Tax Reform Special Committee

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Special committee meeting happening today at 1:30 pm HST regarding a new bill. Meeting site online via teams: http://tinyurl.com/RPTR-SpecialCommittee

To give remote oral testimony, use the teams link!

Bill 9 Investigative Group

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Investigative group meeting on Bill 9 today to discuss pros and cons at 1:30 pm today HST. View the meeting online via teams here.

Tax Reminder

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Important Reminder:

Maui County property tax payment due by Aug. 20

The first installment of real property taxes for fiscal year 2025–26 is due by Aug. 20. According to a reminder …

July Newsletter

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 Aloha All, 

As of the month of July we now begin the new Fiscal Year for the County of Maui. The County has issued their new property tax rates which we can email to you upon request. As you might imagine the tax rates and assessed values have increased. Contact us at dad@mauirealestate.net for more information. 

Median Sales Price for Maui since the first of the year for single family homes have increased slightly from $1,275,000 to $1,295,000. Due to the Mayor and County Council attempt to remove vacation rental property rights (approved since 1989) for 6,000 condominiums, median prices have fallen from $865,000 to $739.000. Months’ Supply of Inventory increased 42.1 percent for Single Family homes and 57.6 percent for Condominium homes. More supply generally means lower prices. We want to provide you with a brief update regarding Maui County Bill 9, the proposed legislation to phase out apartment-zoned short-term rentals. On July 24, 2025, the Housing & Land Use Committee (which includes all nine Maui County Council members), voted 6–3 in favor of advancing Bill 9. 

Please note: This was a committee-level vote only, and not a final vote by the full Maui County Council. 

What is Next 

• The bill will now move forward to the full Maui County Council for further consideration. 

• Additional amendments, debate, and a final vote will take place before the bill can be passed into law. 

• If approved by the Council, the bill will be sent to the Mayor for signature. 

This committee vote serves as a recommendation, not a final decision. The full Council still has an opportunity to make changes or vote against the bill during upcoming readings. This is the time to let your feelings be known to the members of the Maui County Council. If you would like the email address of all the Maui County Council members just ask. dad@mauirealestate.net 

To View the past two important Discussion View at: 

• Watch the July 23 session on YouTube 

• Watch the July 24 session on YouTube 

Upon watching these sessions you will notice that a majority of the Council Members do not understand economics or real estate in general. Mayor Bissen and some of the Council Members have stated that they would like the values of properties to plumet. Really? 

We understand the current situations as described above are very disconcerting to many Maui Property owners and others who are hoping for insight into what to expect or how to 

resolve personal situations whether buying, selling, investing, or simply getting advice. We are here for you and available. In the next few weeks we will be sending short updates. 

We are presently marketing beautiful ocean view properties, beach front units plus gorgeous homes from many locations throughout Maui and Oahu. We are available to assist you as you move forward in any direction or just simply have concerns you wish to discuss with us. We can also give you valuable information regarding 1031 exchanges on your vacation properties and investment properties. Recent exchange options include Delaware Statutory Trusts (DST) which offer worry free investments. Just ask us for further information. We offer multigenerational experience and opinions. 

Also keep informed with our blog where local information and statistics are posted: https://blog.mauirealestate.net/ 

Enjoy our informative radio/blog programs: https://www.youtube.com/channel/UChcOyThjgwJgO5fV72YQVtg 

If you would like a copy of our newsletter to share let us know at dad@mauirealestate.net 

MAUI LUXURY REAL ESTATE LLC, The Hansen Ohana ~ Maui’s Real Estate Family over 30 years