Most Maui homeowners will see their property taxes remain the same or decrease
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Real Estate
5 months ago
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Starting July 1, most Maui homeowners will see their property taxes remain the same or decrease, following the new rates unanimously approved by the Maui County Council.

The resulting decrease in revenue will be offset by higher taxes on non-owner-occupied homes, as well as increased taxes on bed-and-breakfast operations and short-term rentals that serve as the owner's primary residence.

Property is classified based on 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/Vacation rental, Long-term rental (new classification), Timeshare, or Owner-occupied.

These changes are part of the new property tax rates for fiscal year 2025, which were recently adopted after a public hearing by the Maui County Council. The fiscal year 2025 runs from July 1, 2024, to June 30, 2025. 

The property tax rates for fiscal 2024 are as follows and are per $1,000 of net taxable assessed valuation: 

 

Classification (and property valuation, if applicable):

Owner-occupiedTier 1: up to $1,000,000: $1.80Tier 2: $1,000,001 to $3,000,000: $2.00Tier 3: more than $3,000,000: $3.25

Non-owner-occupiedTier 1: up to $1,000,000: $5.87Tier 2: $1,000,001 to $3,000,000: $8.50Tier 3: more than $3,000,000: $14.00

Apartment: $3.50

Hotel and resort: $11.75

Time share: $14.60

TVR-STRHTier 1: up to $1,000,000: $12.50Tier 2: $1,000,001 to $3,000,000: $13.50Tier 3: more than $3,000,000: $15.00Long-term rentalTier 1: up to $1,000,000: $3.00Tier 2: $1,000,001 to $3,000,000: $5.00Tier 3: more than $3,000,000: $8.00Agricultural: $5.74Conservation: $6.43Commercial: $6.05Industrial: $7.05

Commercialized residentialTier 1: up to $1,000,000: $4.00Tier 2; $1,000,001 to $3,000,000: $5.00Tier 3: more than $3,000,000: $8.00

 

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 filing dedication petitions.

  • December 1 — Condominium AOAO use declaration.

  • December 31 — Deadline for filing circuit breaker applications for the next fiscal year.

  • December 31 — Deadline for filing exemption claims and ownership documents.

  • January 1 — Assessed values established for use during the next tax year.

  • January 20 — Second half of fiscal year tax bills mailed.

  • February 20 — Second half of fiscal year tax bills due.

  • March 15 — Assessment notices mailed.

  • April 9 — Deadline for filing appeals.

  • May 1 — Certified assessments forwarded to the County Council for budget purposes.

  • June 20 — Tax rates established by the County Council