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Posted on: May 20, 2021

New Real Property Long-Term Rental exemption and classification to go into effect Jan. 1

A new long-term rental classification and exemption have been established as part of the Maui County Code, the County of Maui Department of Finance’s Real Property Assessment Division has announced.

Effective Jan. 1, 2022, real property occupied as a long-term rental, with a signed contract to lease for 12 consecutive months or longer to the same tenant, may qualify an owner for an exemption of up to $200,000.

Real property rented on a long-term basis (12 consecutive months or longer) without a home exemption, will be eligible for the $200,000 long-term rental exemption and will be classified as Long-term Rental. Real property with a home exemption that also qualifies for the long-term rental exemption will be eligible for an additional $100,000 exemption and will be classified as Owner-occupied.

The long-term rental exemption may be allowed on more than one home if located on separate parcels. If a portion of the property is used for commercial purposes, that portion will not be entitled to a long-term rental exemption.

If the property taxes are delinquent for more than a year, no long-term rental exemption will be allowed. Any change in the actual use of real property with a long-term rental exemption must be reported by the owner within 30 days of that change.

The long-term rental exemption application form can be found at www.mauipropertytax.com. The application form must be filed by Dec. 31, 2021, along with a signed copy of a lease contract, to qualify for the 2022 tax year.

Property owners may contact the Real Property Assessment Division by calling (808) 270-7297 with any questions, or by email at rpa@co.maui.hi.us

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