Wild Fluctuations in Tax Revenue On Waikoloa Highlands Property

posted in: November 2016 | 0

In January 2014, the Hawai`i County Department of Finance prepared a list of those properties it intended to auction on January 16 for failure to pay property taxes. Ten of the 76 parcels belonged to Waikoloa Mauka, LLC.

At virtually the last minute, on January 12, the back taxes, penalties, and interest – amounting to $1,275,870.30 – were paid off. And the payment wasn’t from Waikoloa Mauka, according to a source in the Finance Department, but rather from one of its creditors, fearful that the auction would impair the value of land securing its notes.

Not included . . .

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