Maui County Real Property Taxes

Maui County Real Property Tax Rates are based on the assessed value of the property (building and land). Every year, properties are assessed at 100% of fee simple market value using the cost and market approaches to value. Real property taxes are calculated by multiplying assessed values less any exemptions by the appropriate tax rate.

Once a year, on March 15, property owners receive an assessment notice. The notice lists the assessed value, exemptions, net taxable value and general land classification.

 

 

Real Property Tax Classifications

 

−  Property is classified on it's highest and best use.

 

 

–  Property receiving homeowner exemptions, condominiums, permitted bed and breakfasts, and permitted transient vacation rentals are exemptions.

 

 

–  Properties which have been granted a homeowner exemption are classified as Homeowner.

 

 

–  Condominiums are classified upon consideration of their actual use (Apartment, Commercial, Hotel/Resort, Timeshare, Homeowner).

 

 

–  Properties which have been granted a bed and breakfast permit, a transient vacation rental permit, or a conditional permit to operate a transient vacation rental are classified as Commercial Residential.

What is a home exemption?

The home exemption is a tax relief program that reduces taxable assessed value by $200,000 and reclassifies property for tax rate purposes into the Homeowner class.

 

What are the qualifications for a home exemption? (Must be met annually)

– The owner must occupy the Maui County home for which the exemption is being claimed for more than two hundred seventy (270) calendar days of each calendar year.

– Owner must not rent the entire premises for any portion of the year.

– Owner must file an income tax return as a resident of the State of Hawaii with a reported address in Maui County the year prior to the effective date of the exemption. Non-resident and part-year resident State of Hawaii income tax returns do not qualify for the home exemption.

– The property taxes must not be delinquent.

 

Why do I have to file a Hawaii Resident Income tax return?

It is one of the requirements of the County ordinance. It is necessary to qualify for the home exemption, as well as to maintain the home exemption status.

 

Do I have to file a Hawaii Resident Income tax return if my accountant says I don’t have to file because I don’t have income or didn’t make enough income?

Yes, it is one of the requirements of the County ordinance. It is necessary to qualify for the home exemption, as well as to maintain the home exemption status.

 

Do I have to file a Hawaii Resident Income tax return every year?

Yes, it is one of the requirements of the County ordinance. It is necessary to qualify for the home exemption, as well as to maintain the home exemption status.

 

Is there a deadline to file a claim for home exemption?

Yes, December 31 of the preceding assessment year.

 

When does the exemption take effect?

The exemption will take effect January 1 after a claim has been filed. take effect on the subsequent July 1.

 

Do I have to file a claim for home exemption every year?

No, the exemption will remain in effect unless there is a change in status, such as moving, death, renting the home, or no longer meeting the requirements from question 2 above.

Owners have the responsibility to inform the Real Property Assessment Division within 30 days of any change in status. Failure to report a change in status or facts will result in disqualification and a $200 penalty.