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COUNTY OF KAUAI DEPARTMENT OF FINANCE, REAL PROPERTY ASSESSMENT DIVISION 2019/2020 REAL PROPERTY TAX RELIEF PROGRAM UPDATES
The Department of Finance would like to inform all County of Kauai real property owners of the changes to the REAL PROPERTY  LEGISLATION as outlined below. FOR DEADLINES -CHECK THE BACK PAGE OF YOUR 2019 ASSESSMENT NOTICE ASSESSMENT CAP: The assessed values of all properties classified as Homestead or Commercialized Home Use for the 2018-2019 tax year shall have their assessed values limited to annual increases (or decreases) of 3% percent provided the following: The property has not transferred title (other than related party transfers allowed under Ord. 1015) and had been classified as either Homestead or Commercialized Home use in the prior year’s assessment as well as the current year’s assessment. The physical characteristics of the property have not changed from the prior year, such as new construction, renovations, or demolition of improvements, all of which will be treated as adjustments outside of the capped value. The land characteristics have not changed due to actions taken by the owner, such as subdivision, condominiumization, consolidation, or rezoning, any of which shall be deemed cause to reset the assessed value to market value. TAX RELIEF PROGRAMS REQUIRING ANNUAL APPLICATIONS: Very Low Income Tax Credit – owner-occupied properties with current Home Exemption and all titleholders who have a combined GROSS INCOME not exceeding a maximum set each year, may be eligible for property tax relief, limiting total real property taxes to 3% of the GROSS INCOME or Minimum Tax, whichever is higher. Additional Home Exemption for Low Income – owner-occupied properties with a current Home Exemption where the combined GROSS INCOME from all household members is at or below 80% of the Kaua‘i Median Household Income as determined annually by the department of Housing and Urban Development. Home Preservation Tax Limitation – owner-occupants with property value of $750,000 or more after deducting exemptions, gross income of ALL titleholders does not exceed $100,000 documented by Federal Internal Revenue Income Tax Return and State of Hawai‘i Income Tax Return, taxes are computed at 3% of total gross income. Long Term Affordable Rentals - residences rented for one-year or longer and at rent levels that do not exceed the affordable rental rates established by HUD and reported by the Kaua‘i Housing Agency based on 90% of the Kaua‘i Median Household Income. REMINDER OF EXISITING TAX PROGRAMS TO ASSIST IN REDUCING YOUR REAL PROPERTY TAXES: EXEMPTIONS – Basic Home Exemption for owner-occupants that use their property as their principal residence (includes increases for owner’s 60-69 and 70+); Disability exemption for hearing, sight and total disabilities with validation from a primary care physician; Veterans Disability for 100% disability due to military service; Kuleana for descendants of awardees from the ‘Great Māhele of 1848’ (with proper documentation); Safe Room exemption based on FEMA requirements; and Fire Suppression exemption for homes that have overhead sprinkler systems installed. 2018 - MINIMUM TAX SHALL BE $150, EXCEPT for owner-occupants who qualify for and received the 2018 Income Exemption, will have a minimum tax floor of $75.00. Other tax relief programs include exemptions non-profit organizations engaging in charitable uses, low-moderate income housing, Agricultural Use Dedications, Tree Farm exemption, public utility exemption, Commercial Alternative Energy exemption, and an exemption for Historical homes as designated by the Hawai‘i Registry of Historic Places. Application forms shall be made available at the Real Property Assessment Division Office or can be downloaded from the web at  www.kauaipropertytax.com.  For more information & to inquire for other available tax credit &exemption programs, visit our website  or contact the Real Property Assessment Division at 4444 Rice Street, Suite A-454, Lihue, Hawaii, 96766 or call (808) 241-4224.
What’s New
2019/2020 REAL PROPERTY TAX RELIEF PROGRAM UPDATES
DEPARTMENT OF FINANCE, REAL PROPERTY ASSESSMENT DIVISION
WHAT'S NEW