The deadline to reapply for the Long-Term Real Estate Rental Exemption is December 31, 2022: Maui Now
Landlords whose rental or lease agreement with tenants expires this year have until December 31, 2022 to reapply for Maui County’s 2023 Long-Term Rental Exemption Program and receive an exemption. up to $200,000.
“We encourage landlords to rent or lease their ohana homes or units to local residents who need long-term affordable housing,” Mayor Michael Victorino said. “This long-term rent relief program provides tax relief of up to $200,000 to landlords who help our residents.”
This program is for property owners in Maui County who rent or lease their properties. If their rental or lease agreement with their tenant expires this year on or before December 31, landlords must reapply for the exemption for the 2023 assessment year. The deadline to apply is December 31.
To qualify for the long-term rental exemption of up to $200,000, the property must be occupied as a long-term residential rental beginning January 1, 2023. A landlord must have signed a 12 consecutive months or more to the same tenant.
By December 31, 2022, the Real Estate Assessment Division must receive a completed Long Term Rental Exemption Application Form with signed rental agreement attached. Six-month and month-to-month leases are not eligible.
The long-term rental exemption may be granted on more than one unit if it is located on separate plots. If part of the property is used for commercial purposes, that part will not qualify for the exemption.
Properties in the owner-occupied classification, with a unit occupied as a long-term rental, may qualify for an additional exemption of up to $100,000.
The Long Term Rental Waiver Application Form is available at www.mauipropertytax.com. Click the “Forms” tab, then click “Long Term Exemption” under “Exemption Forms.”
To receive an acknowledgment, email your claim form and a legible copy of the signed rental agreement to the Division at [email protected] before the due date of December 31.
Homeowners can contact the Real Property Assessment Division by calling (808) 270-7295 with any questions or by email at [email protected]