County to Release Real Property Assessment Notices

Photo Courtesy County of Maui Property Tax Division.

By Maui Now Staff

The County of Maui Real Property Assessment Division has completed real property assessment notices for 2015 and will be notifying property owners by mail or email on or before Mar. 15. Some 80,500 notices are being sent out, which determine the value of a property for tax purposes.

According to the assessment, the total value of all taxable real property for Maui County has increased 13.5 percent to $41.1 billion, up from $36.2 billion. The increase is attributed to new construction, subdivisions, additions, improvements to existing land lots and rising sales prices.

The valuations were set beginning from Jan. 1, 2015, and are based on sales of similar properties through June 30, 2014.

If there is a discrepancy or disagreement with the statement received, property owners may file an appeal with the Board of Review. The original appeal and one copy of the appeal, supporting documents, and a $75 filing fee must be mailed via the US Postal
Service or a private delivery service deemed to adhere to the “timely mailing as timely filing/paying” rule by the IRS. All appeals must be postmarked by or personally delivered to the Real Property Assessment Division by 4 p.m. on or before April 9. Faxed appeals will not be accepted.

Owners receiving a homeowner exemption are advised that they must have filed a 2013 State of Hawaiʻi N11 or N13 Resident Individual Income Tax Return with the State Tax Office before Dec. 31, 2014, in order to qualify for the 2015 exemption.

Real property taxes are calculated using net taxable value as well as tax rate to determine the 2015-16 tax year. The tax rate will be set by the County Council in June upon finalization of the 2015-16 fiscal-year budget.

Property owners who do not receive an assessment notice or have questions should contact the County of Maui Real Property Assessment Division by phone at (808) 270-7297 or visit the county’s website.