As many of the buyers of Maui real estate purchasing the property as a second home, the way property taxes are assessed here may differ from how properties are assessed in their home state or county.
Each Year, Maui County will assess both property values and establish new rates. The 2016-2017 rates follow below:
While the county assess rates on a /$1000 basis, when coming up with figures, I find it easiest to use $1M. For example, if buying a condominium that will be rented as a vacation rental, it would fall under the Hotel & Resort category, which is $8.71/$1000. If you are buying a property assessed by the county at $1,000,000, it would be $8,710/year. If the property is $500,000, it would be half that, or $4,355. The following
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