2012 Maui County Property Tax Rates

Real Estate Agent with Island Sotheby's International Realty R(S): 56519

Maui County has announced new property tax rates, beginning on July 1st, 2012:

Classification Rate/$1000 of Assessed Value
Residential $5.75
Apartment $6.20
Commercial $6.90
Industrial $7.10
Agricultural $6.00
Conservation $6.20
Hotel & Resort $9.15
Time Share $15.50
Homeowner $2.75
Commercialized Residential* $4.50


Property taxes are based on the usage of the property. For example, if you were to be an owner occupant with the property declared as your primary residence, you would pay the Homeowner tax rate of $2750/million of assessed value. If it were a second home, or one that you rented out to a long term tenant, you would pay $5750/million of assessed value for a home and $6200/million of assessed value for a condominium. If it is a property that you vacation rent (anything less than 180 days), you would be assessed the Hotel & Resort rate of $9150/million of assessed value. Commercialized Residential is a new category that was created to accommodate the new B&B permitted properties, an ordinance which was passed in 2008.

It is anticipated with the recent passing of the Short Term Rental Home Permit Ordinance, whereby homeowners may apply for permits to operate vacation rentals in residential areas, that we may see a new category created for those properties. At this time, the county is allowing a total of 400 short term rental homes, with caps on the total number set by region: West Maui (88), Kihei/Wailea/Makena (100-no more than 5 in Maui Meadows), Upcountry—Makawao/Pukalani/Kula (40), North Shore—Paia/Haiku (88), Hana (48), and Wailuku/Kahului (36). The caps will be reviewed and revisited by the Planning Department in the future.

For more information on the Short-Term Rental Home Permit, including the application and requirements, visit the county of Maui’s website athttp://www.co.maui.hi.us and click on “Departments” and then “Planning Department”. For more information on Maui Real Estate and property taxes, click on “Departments”, then “Finance”, followed by “Real Property Tax”.  


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