August 20th is the first half Fiscal Year due date for Property Tax! Avoid any late penalties!
Tag Archives: property tax
Good News For Long Term Rental Owners
Owners of long term rental properties will be eligible for tax exemptions. If a property owner has a signed lease for 12 consecutive months of the same occupant, the owner may be able to receive up to a $200,000 exemption. If you have more then one home you wish to file exemptions for, they must be on different parcels. Any portion used for commercial use will not qualify for exemptions.
Long term rental exemption applications need to be filed by December 31st for 2022. Applicants must also include the signed lease. Any questions can be addressed from the Real Property Assessment Division.
Real Property Tax Reminder
Maui Best Property Tax Rates Prevail!
The budget chairman, Riki Hokama, said Friday that he had nixed the mayor’s proposed tiered scheme for property taxes designed to increase income from second homes and investment properties.
His proposed property tax rate structure follows with proposed and current rates per $1,000 of assessed value:• Homeowner, $2.85, $2.86.• Commercialized residential, $4.55, $4.56.• Residential, $5.52, $5.54.• Agricultural, $6, $6.01.• Apartment, $6.31, $6.32.• Conservation, $6.35, $6.37.• Commercial, $7.25, $7.28.• Industrial, $7.45, $7.49.• Short-term rental, $9.28, $9.28.• Hotel and resort, $9.37, $9.37.• Time share, $15.41, $15.43.
Maui continues to have reasonably low real estate tax rates. Contact The Hansen Ohana today for all your real estate needs!
Just a reminder…..Last Day to file for property exemption!
The Hansen Ohana wishes you a phenomenal 2017!