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heh, I found a parcel owned by this scumbag:
http://en.wikipedia.org/wiki/Gensiro_Kawamoto
~150 prime Maui acres, assessed at $40k / acre, tax rate $240/acre pa to hold the property off the market.
This is not doing my blood pressure any good.
Pretty interesting government site allowing you to investigate Maui land title holdings . . .
e.g.
http://qpublic7.qpublic.net/hi_maui_display.php?county=hi_mauig&KEY=210080560000
is a big plot of land equivalent if not superior to the Maui Meadows development.
Purchased for $200M last decade, paying $600k/yr in taxes (0.3%) pa to specuvest.
Here's the parcel map where you can explore the island. . .
Ulupalukua Ranch Inc owns a stunning corner of the island (along with 20,000 other acres)
1500 acres, paying $340/yr property tax.
You'd have to search long and hard for an industry and economic sector as crooked as real estate.
#housing