A group of Maui condominium owners failed to prove that their properties should be taxed at a lower rate for apartments, a Hawaii appeals court ruled.
The owners of units in the Wailea Palms condominium building said Maui County wrongly reclassified their property from “apartments” at a tax rate of 0.35% of the fair market value to “non-owner occupied,” which carried rates ranging from 0.59% to 1.25% of fair market value. The new classifications occurred after changes to county ordinances in 2019 and 2020.
But in an unsigned opinion Wednesday, the Hawaii Intermediate Court of Appeals agreed with the lower ...