Maui County, HI is offering a property tax break to help longtime residents retain ancestral lands
Maui County, HI property tax break ancestral lands
Maui County is offering a specialized property tax break to help longtime residents retain their ancestral lands. According to the new "Āina Kupuna" measure, any families who have owned their properties for at least three generations or over 80 years are now only obligated to pay the minimum property tax of $350 per year. The measure was created to reduce the burden of rising property taxes due to skyrocketing real estate values.
Newsworthy
A Maui County law is providing relief to longtime families grappling with high property taxes | Hawai'i Public Radio
Maui County began offering tax relief to longtime families fighting to hold onto their ancestral lands — properties that have been passed down for at least three generations. The new measure known as the ʻĀina Kupuna law took effect in December, providing tax relief to lineal descendants grappling with a rise in property taxes due to skyrocketing real estate values. HPR’s Kuʻuwehi Hiraishi reports.
‘Aina kupuna’ bill to assist longtime local families advances | News, Sports, Jobs - Maui News
Calling it “historic,” the Maui County Council gave near-final approval to a bill that would help longtime local families from being taxed out of properties
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