Another tax increase hitting timeshare owners in Maui

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Maui County Council Budget and Finance Committee Chairman Riki Hokama has submitted his proposal for the fiscal 2018 budget. The proposal will be reviewed by council members, who have until June 10th to finalize. The new budget will take effect beginning July 1. As expected, the proposal includes yet another property tax increase for consumers who own timeshare interests. Under Hokama's proposal, timeshare owners would again see the highest rate of tax increase. The chart below shows the category of property, the proposed rate, the current rate, and the tax increase per $1,000 of value. The breakdown on the numbers is frightening, with timeshare owners being charged far more than any other demographic.


• Homeowner: $2.86 proposal, $2.70 current rate- approx 6% increase

• Apartment: $6.32 proposal, $6.00 current rate- approx 5% increase

• Hotel and Resort: $9.37 proposal, $8.71 current rate- approx 7.5% increase

• Time Share. $15.43 proposal, $14.31 current rate- approx 7.8% increase

[bizaro86 Member Find all posts View Profile Close bizaro86]

At least the rate of increase was about the same for timeshare and hotels. Although I really don't think those categories should be different. Taxation without representation at its finest.

Maybe timeshare owners need to hold the Lahaina POG party.