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Maui to Raise Property Taxes – Decrease Homeowner Exemption

As expected, the county council of Maui County has given initial approval to lower the homeowner’s exemption from $300,000 to $200,000, and to tighten the regulations for those applying for this exemption. Read the full Maui News article here.

The stimulus behind this bill is that property values in Maui County have dropped so significantly in the past couple of years eliminating the need for such a large exemption. Even if Maui does go to a $200,000 homeowner exemption, we would still have the highest exemption amount as Honolulu County is the next highest at $80,000. Read one of my previous blog posts about how Maui County has the lowest property taxes in the State of Hawaii, Maui County Property Taxes – Lowest in Hawaii.

Here is the updated property taxes from my good friends at Title Guaranty Hawaii:


Are you interested in purchasing property on Maui, but don’t know what classification the property would fall into? Please reach out directly to me at my below contact information, or feel free to create your own HawaiiLife.com account, where you can view all properties on the MLS and save your favorites. Just click here and you will see the tab at the very top right of the page that says Sign Up, which you can then click on and follow the steps—it is easy and rewarding.

Aloha,

Jeremy Stice, R(S)
808.281.2178
Stice@HawaiiLife.com

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David Buck

July 3, 2011

Thanks for sharing Jeremy. I’ve always thought we on Oahu had the lowest when you compare the “Residential” class. I do see you have a “Homeowner” classification which is by far the lowest in the state…Wow!

David Buck

July 3, 2011

Thanks for sharing Jeremy. I’ve always thought we on Oahu had the lowest when you compare the “Residential” class. I do see you have a “Homeowner” classification which is by far the lowest in the state…Wow!

Maui Sustainable Living and Sustainable Real Estate | Hawaii Life

May 3, 2012

[…] The county of Maui has tax considerations that make truly sustainable agriculture a huge incentive for property owners. If you want to build a house on agriculturally zoned land, the county requires a farm plan to be filed to get a permit. Read about Maui Property Taxes here. […]

Maui Sustainable Living and Sustainable Real Estate | Hawaii Life

May 3, 2012

[…] The county of Maui has tax considerations that make truly sustainable agriculture a huge incentive for property owners. If you want to build a house on agriculturally zoned land, the county requires a farm plan to be filed to get a permit. Read about Maui Property Taxes here. […]

Melissa

February 28, 2014

What about new-to-Maui residents? I moved to Maui in 2012 and am being denied the Homeowner’s rate and exemption for 2013-2014 because the county is basing eligibility on the PRIOR year tax return and not accepting ‘part-time’ tax returns. Obviously, anyone moving to the state will have to file a part year return, one for their old state and one for their new state! Essentially, any New-to-Maui resident will pay some of the highest property taxes for 1-2 years before they can claim the Homeowner rate.

Melissa

February 28, 2014

What about new-to-Maui residents? I moved to Maui in 2012 and am being denied the Homeowner’s rate and exemption for 2013-2014 because the county is basing eligibility on the PRIOR year tax return and not accepting ‘part-time’ tax returns. Obviously, anyone moving to the state will have to file a part year return, one for their old state and one for their new state! Essentially, any New-to-Maui resident will pay some of the highest property taxes for 1-2 years before they can claim the Homeowner rate.

Jeremy Stice

March 3, 2014

Aloha Melissa,

I do believe that you are correct that it does take a full fiscal year for the County of Maui to recognize your homeowner exemption status. I do wish you the best in getting the preferred rates as soon as possible. Aloha.

Jeremy Stice

March 3, 2014

Aloha Melissa,

I do believe that you are correct that it does take a full fiscal year for the County of Maui to recognize your homeowner exemption status. I do wish you the best in getting the preferred rates as soon as possible. Aloha.

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