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Jul 03

Hawaii’s 2014-2015 Real Property Tax Rates Released

Real Property Taxes Rates Go Down For The Valley Isle!

 

The new Property Tax Rates for the State of Hawaii have been released.  Good News!  Property owners are going to get a little break for the 2014-2015 tax year.  Property tax in Hawaii is calculated on the assessed value of the land and improvements.  For example, if your Vacation Rental Condo at Wailea Ekolu  (Zoned Hotel/Resort) has a total assessed value of $650,000 your taxes will be $9.11 per $1000 of the assessed value, giving you an annual tax rate of $5,921.51.  That same property last year would of cost you $9.40 per $1000 of the assessed value, giving you an annual tax of $6110.00.   Tax rates came down in several classes, including, Residential, Homeowner and Agricultural Zoning, and go into effect July 1, 2014 – June 30,2015.  CLICK HERE for the 2014-2015 Real Property Tax Rates for Maui County.

To See All OTHER ISLAND Tax Rates, CLICK HERE

 

All things considered, Maui County Real Property taxes are a very small price to pay to live and play in PARADISE