Maui considering time share tax hike
Maui County is considering making what is already the highest real property tax on time shares in the nation even higher.
It’s part of an across-the-board increase in property taxes that’s being contemplated by the Maui County Council.
At a hearing on Thursday, the council heard from landowners upset by a proposal to double the minimum tax on land from $150 to $300, according to the Maui News.
But while rates for other categories would rise by anywhere from 50 cents to 70 cents per $1,000 of assessed value, the tax on time shares would increase by $1 to $15 per $1,000 of assessed value.
Since 2005, Maui County has been the only local government with a tax rate category just for time shares, according to the time-share industry’s trade group, the American Resort Development Association.
“Maui still has the highest property tax rate on time shares than anywhere else in the country,” Gamel says. “If you increase property taxes, maintenance fees go up, the cost of doing business goes up.”
The council is scheduled to make a decision on the property tax increases on May 23.
Reporter Janis Magin can be reached at 808.955.8041 | jmagin@bizjournals.com
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