Maui County Council moved forward with plans to increase property taxes by $30 million, targeting short-term rentals, non-owner-occupied homes, and timeshares while reducing taxes on owner-occupied and long-term rental properties.
- Maui County Council approved a $30 million property tax increase affecting short-term rentals, non-owner-occupied homes, timeshares, and some bed-and-breakfast properties.
- The plan reduces taxes on owner-occupied homes and long-term rental properties registered in the county’s long-term rental tax class.
- Bed-and-breakfast properties may see lower rates than originally proposed after a councilmember’s amendment gained support.
- A separate bill to increase home and long-term rental exemptions by $100,000 was postponed by the Budget Committee.
- The long-term rental exemption has not been updated since its creation in 2021, while home exemptions were last increased in 2022.
Source: Hawaii Free Press
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