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What’s New
2017/2018 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 2017 ASSESSMENT NOTICE ASSESSMENT CAP: The   assessed   values   of   all   properties   classified   as   Homestead   or   Commercialized   Home   Use    for   the   2016-2017   tax   year   shall have their assessed values limited to increases (or decreases) of 3% percent provided the following: The   property   has   not   transferred   title   and   had   been   classified   as   either   Homestead   or   Commercialized   Home   use   in   the   prior 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. The   land   characteristics   have   not   changed   due   to   actions   taken   by   the   owner,   such   as   subdivision,   condominiumization, consolidation, or rezoning 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. 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   submission   of   marriage,   birth,   death   certificates,   genealogy;   Safe   Room   also   referred   as   Hurricane Shelter based on FEMA requirements. OTHER   TAX   RELIEF   PROGRAMS   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 as reported by the Kaua‘i Housing Agency.  2017   -   MINIMUM   TAX   SHALL   BE   $150,   EXCEPT    for   owner-occupants   who   qualify   for   and   received   the   2017   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.kauai.gov   or   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. To access Real Property Assessment and Real Property Collection sections of the Kauai County Code, please CLICK HERE and select "Title III TAXATION AND FINANCIAL ADMINISTRATION”