Maui County Hawaii real property tax rates 2010.
The property tax rates in Maui County have gone up for fiscal year 2010. The fiscal year began on July 1, 2010. Most tax classes have had an increase and there's also a new class for tax purposes. You can click here to see a sheet with the new tax rates for Maui and other counties in Hawaii. For example, a homeowner occupant will now be paying $2.50 per $1,000 of assessed value, versus $2.00 previously. Improved residential, apartment, agricultural, and conservation are all $5.00 per $1,000. Hotel and Resort is now up to $8.30/$1000.
Always keep in mind that if you live in your Maui home you qualify for the homeowner exemption which will knock $300,000 off the assessed value, and give you the absolute lowest tax rate in all the Hawaiian islands! This helps to make living on Maui a little more affordable.
The new class is called commercialized residential and it includes homeowners who are doing permitted bed and breakfast or vacation rentals on their property. The commercialized residential class falls between homeowner/occupant and improved residential, and it applies to homeowners who are engaging in commercial activity at their residence. This comes as a surprise to many who have gone through the permitting process only to end up paying more in property taxes.
Thanks for reading My Maui Blog! ~ Georgina M. Hunter R(S) e-Pro
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Georgina: I always heard that it was costly to live in your beautiful area. Taxes appear to be going up everywhere. I guess this is the price you pay to live in paradise.
Georgina - Taxes, taxes and even more taxes everywhere you turn that is quit a jump $2.00 to $2.50 ..... they give you a reduction in the assessed value then they jump the rates you can't win for losing.
Ceil - we actually have relatively low tax rates here on Maui, compared to many other parts of the country.
Kathy - you're right - it's a 25% increase, and the timing is bad.
Thanks for your comments.
Georginia: Your experience with lowered assessments and an increased tax rate is similar to what has happened in many parts of the U.S. Local governments are actually being asked to do more with less revenue. Readers should be careful to contect their local assessor or tax collector because assessments, taxes, and qualifications for exemptions vary from state to state, and even city to city within the same state.