Maui Property Tax Update
Posted by Alex Cortez on Tuesday, May 19th, 2015 at 11:20pm.
The new real property tax rates for Maui County have been released, which will be in effect from July 1st, 2015 to June 30th, 2016. As we had speculated for some time, the increasing assessed values would result in slight decreases in the tax rates. The chart below compares the current fiscal year's tax rate to the upcoming year's. Remember, the amount below is per $1K of assessed value.
Arguably the ones that will have the biggest impact are Hotel / Resort, Residential, and Apartment. And yes, for homeowner occupants who claim the homeowner exemption, Maui continues to be one of the lowest property tax rates in the United States (as a percentage of home value).
For those with any questions regarding property tax rates on Maui and/or how that would impact ownership, contact us below or call 808 385 5034 at any time.
Disclaimer: The above post is for informational purposes only and is not be construed as tax, financial, or legal advice. Please consult with the appropriate professional for such counsel.
Specializing in Makena and Wailea real estate, Alex Cortez is fully dedicated to representing his clients ethically and diligently. Contact him at 808.385.5034 or Alex@MauiRealEstateSearch.com for more information.