October 1, 2021, 9:00 PM HST
* Updated October 1, 3:43 PM
Reta Chin from Fidelity National Title and Escrow talks about tips and reminders on Maui real property taxes.
Maui real property taxes are due twice a year – August 20th and February 20th – and they are calculated based on the assessment of the property and how the property is used.
When you buy and sell property, you will notice in your closing statement that the escrow officer will prorate your property taxes based on the date of recordation. If you are a buyer, you want to make sure on the date of recordation you go on MauiPropertyTax.com and you want to update your mailing address immediately.
December 31, 2021, is the last day you can file for your homeowners’ exemption to get up to $200,000 exemption – and you also need to file any…