Maui Property Tax Rates and How to Calculate Estimated Property Taxes
One of the most frequently asked questions when buying Maui properties is "What are the property taxes?"
Maui does not have one set tax rate for all properties. Instead, it has many different rates based on how the owner intends to use the property and how the property is zoned. Maui's property tax rates are actually very reasonable when compared to other state's property tax rates.
Here is some additional information regarding property tax rates and some examples showing you how to calculate estimated annual property taxes. Please keep in mind the calculations will be estimates. When the county assesses your property, the tax base may be more or less than the purchase price.
Property taxes are based on 100% of assessed value. Assessed value is 100% of market value - usually purchase price. The property tax rates are based on use. If you plan on occupying the home or condo you can apply for a homeowner's exemption of $200,000.
When you purchase a home or condo, you inherit the current tax rate of the seller until July 1st of the following year after closing and then your tax rate will take effect. If you will be owner-occupied, you must apply for your exemption by December 31st in the year of purchase.
You purchase 3/31/25. You receive the current owner's tax rate until 7/1/2025.
