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The Maui News
Dec. 31 is the deadline to apply for the long-term rental exemption and classification for the 2024 assessment year, the Maui County Real Property Assessment Division reminded property owners Wednesday.
Property owners who previously qualified for the long-term rental exemption need to reapply if their lease agreement has expired or will expired by Dec. 31. The county encouraged property owners who have long-term rentals and who have not applied in the past to apply for 2024.
To qualify for the long-term rental exemption of up to $200,000, the real property must be occupied as a residential long-term rental as of Jan. 1, 2024, with a signed contract to lease the property for 12 consecutive months or more to the same tenant. The division must receive the long-term rental exemption claim form along with the signed lease agreement by Dec. 31.
The long-term rental exemption may be allowed on more than one home if the homes are located on separate parcels. Properties in the owner-occupied classification that have a dwelling unit occupied as a long-term rental may qualify for a long-term rental exemption of up to $100,000.
The long-term rental exemption claim form can be found on the Real Property Assessment Division website at www.mauipropertytax.com under "Forms." To receive confirmation of receipt, email the claim form and a legible copy of the signed contract to lease to the division at RPA.LTR@co.maui.hi.us by the Dec. 31 due date.
Property owners may contact the division by phone at (808) 270-7295 with any questions, or by email at RPA.LTR@co.maui.hi.us.