Kauai County to be exact. The Kauai County Council is looking at a bill to make timeshares more like condominiums when it comes to their taxation. What would that bring in to the tax office? It would rake in about $4.5 million per year. Where are those millions of dollars coming from? Timeshare owners and developers. You can bet the developers of timeshare will be passing this huge cost on to the timeshare owners.
If this bill goes through, you can bet that many more timeshare owners will be defaulting on their payments and get foreclosed on. And as a rule, timeshares are fast and easy to foreclose on.
There are those who oppose the bill making taxes the talk of vacationing timeshare owners. Resort reps from Lawai Beach Resort and Pono Kai Resort, both timeshares, expressed that they’d rather see such a change phased in over time as opposed to an overnight change.
Large timeshare developers like Marriott (Kauai Beach Club), Wyndham (Pahio at Kauai Beach Villas), Westin (Princeville Ocean Resort Villas) will weigh in on this soon. They have a huge stake not only in Kauai County, but all the islands of Hawaii.
If you think about it, Kauai is following the same path as Maui. Maui recently made a series of changes on timeshare taxes and, “There are 45 timeshares in Hawaii and 22 timeshares in Maui that represent thousands of timeshare owners who would be affected by this tax increase.”
The increased timeshare taxes caused a decline in timeshare sales. But not enough to hurt profits. The resorts just raised the prices, sold a few less, but in the end made more money.
Timeshare resorts and the vacation options they offer are still a good value for those who use them. Obviously it is not a deal for someone who never uses the timeshare but still pays the fees. Many of such owners have decided to sell their timeshares. Deep discounted Hawaii timeshare resorts like that can be found on the best selling list below.
Here are ten of the top timeshare resorts Kauai has to offer: