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Found 2 blog entries tagged as Long-term Rental.

The Maui County Real Property Tax rates have been updated for the upcoming fiscal year. Property is classified based upon its highest and best use. Properties receiving home exemptions, condominiums, permitted bed and breakfasts and permitted transient vacation rentals are exceptions. Condominiums are classified upon consideration of their actual use — Non-owner-occupied, Commercial, Short-term rental, Long-term rental (new classification), Timeshare, Owner-occupied.

 Dates to Remember

  • July 1—Tax year commences. Taxes are calculated based upon January 1 assessed values and fiscal year tax rates.
  • July 20 — First half of fiscal year tax bills mailed.
  • August 20 — First half of fiscal year tax payments due.
  • September 1 — Deadline for
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The County of Maui Department of Finance’s Real Property Assessment Division announced today that a new long-term rental classification and exemption have been established as part of the Maui County Code.

Effective Jan. 1, 2022, real property occupied as a long-term rental, with a signed contract to lease for 12 consecutive months or longer to the same tenant, may qualify an owner for an exemption of up to $200,000.

Real property rented on a long-term basis (12 consecutive months or longer) without a home exemption, will be eligible for the $200,000 long-term rental exemption and will be classified as Long-term Rental. Real property with a home exemption that also qualifies for the long-term rental exemption will be eligible for an additional

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