Proposed Maui Real Property tax rate that the Budget and Finance Committee Recommended for 2013
On May 1, 2012, the Maui County Council Budget and Finance Committee voted to increase the timeshare property tax rate 50 cents from $15.00 to $15.50. While this is lower than the requested $1.15 increase proposed by Mayor Arakawa, this will mark the second year in a row where the largest tax increase on Maui has fallen on timeshare owners. The Budget and Finance Committee recommendations will be presented to the full Council on May 23 for a vote.
The impact of this tax increase if it does pass the full Maui County Council is that timeshare owners will see an additional 50 cent increase in property taxes for every $1000 of assessed value.
Advantage Vacation along with ARDA-ROC and ARDA strongly opposes any increase in property taxes in Maui and testified and lobbied against these proposed changes at the County Council hearings recently held on Maui.
As reported in earlier articles, Maui Mayor proposed a 7.7% increase to the timeshare tax rate on top of the 8% increase of last year which meant timeshare owners would see a 15% increase in their property tax rate over the past two years. The proposed increase would have brought the overall rate from the current $15.00 per thousand to $16.15 per thousand.
While the Mayor’s office insists the tax increase will be “revenue neutral”, this continues the practice of taxing timeshare owners at a significantly higher tax rate than any other type of landowner. And these proposed increases come without any rational explanation or justification from the Maui County Council.
While this reduced increase is lower than the originally requested $1.15 increase proposed by Mayor Arakawa, this will mark the second year in a row where the largest tax increase on Maui has fallen on timeshare owners.
We will continue to follow this story and keep you updated as it develops.
Proposed Maui property tax increase
Advantage Vacation is a member of the American Resort Development Association (ARDA) and offers the best buys on the timeshare re sales market today. We never charge an upfront fee for clients who want to sell a timeshare and only receive a commission, paid from escrow, when the transaction is closed.
We are leaders in the timeshare resale secondary market, have been in the timeshare industry for over 30 years and are Accredited Members of the BBB with an A+ Rating.
Advantage Vacation is using Twitter and Facebook to help educate people on the changes in the timeshare industry along with current timeshare tips, up to date timeshare news and timeshare FAQ’s.
We hope you will follow us and our blog, Timeshare Blogging by Advantage Vacation for the latest news and reviews. If our site does not answer your question or questions, please email us your question and we will answer it and add it to our library. Make your voice heard – what questions do you have?
At Advantage Vacation you can be assured you are working with professionals who believe that honesty and integrity are the most important aspects of the business they are in – timeshare resales. Our business has been built on relationships and we pride ourselves on providing excellent service to our clients.
Would you like more information about Advantage Vacation?
