Just a friendly reminder to all Maui County homeowners, the deadline to file homeowner tax exemption forms is Dec. 31, 2011. Access forms online via the County website.
- Maui: $2.50 per $1,000
- Kauai: $3.44 per $1,000
- Big Island: $5.55 per $1,000
Maui County offers the lowest owner-occupant tax rate of all the Hawaiian islands at $2.50 per $1,000 of assessed value; Kauai’s is slightly higher at $3.44 and the Big Island’s is more than double at $5.55. That means for a median-priced home of $400,000, the average homeowner is only paying $1,000 annually in property taxes! Check out the chart of tax rates on all Hawaiian Islands.
Folks from the mainland are always pleasantly surprised at these figures since Hawaii is rumored to be so expensive. Compared to the average California tax rate of 1.25%, Maui is a mere 0.25% or one-fifth of California property tax rates!
Tax Rates For Investment Properties
Property taxes are just as affordable for investment properties ($5.55 per $1,000=0.555%) and vacation rentals ($9 per $1,000=0.9%—closer, but still less than California).
Property taxes are among the most common questions I get from buyers, so I hope this blog has provided a little bit of insight on how it works here on Maui and the different tax rates on different islands.