Found 2 blog entries tagged as taxes.

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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Depending on what type of property you own in Maui County, you could be paying a higher property tax bill.

The Maui News recently reported that the county council approved a property rate rate increase for the next fiscal year (July 1, 2019 - June 30, 2020), with hotels and resorts seeing the highest hike. Homeowners, however, won’t see a significant increase in their tax rate.

These are the changes:

 

  • Hotels and resorts will see a surge from $9.37 per $1,000 of net taxable assessed value to $11.00 per $1,000 of net taxable assessed value, a boost of 17 percent.

  • Short-term and vacation rentals will see an increase from $9.28 per $1,000 of net taxable assessed value to $10.75 per $1,000 of net taxable assessed value, a

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