Kauai Tax Relief

Kauai Property Tax update.

On 10/8/2014 the County Council approved a measure to provide relief to thousands of tax payers with home exemptions who experienced noticeable increases on their real property tax bill. The new measure will cap the allowable tax increase on properties with home exemptions at $250.  The change will go into effect immediately as long as the dwelling on the property has not been substantially altered over the past year, the property hasn’t been subdivided, and has not been sold since October 1, 2013.  Qualified properties, as a result of the new changes, will be issued tax credits. For further information please contact the Real Property Assessment office at 808.241.4224.

With the removal of the 2% cap on property tax increases per year, some home owners’ real property taxes have increased 3-4 times this year despite the increased home exemptions amounts. Many home owners on fixed incomes, such as retirees, were concerned with having to sell their home due to taxation. More discussions and changes will be coming up at the County Council. Its chair, Jay Furfaro, was quoted in our local newspaper as follows ” We need a new tax bill, because right now, we have a mummy walking around, he has got Band-Aids and gauze wrapped all over him. This guy is like the living dead”.

Article by Ruth S. Marvin, R(B), BIC

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If you are considering buying a home on Kauai you can see some of the island’s best real estate deals by browsing through the Coldwell Banker Bali Hai Realty Kauai Real Estate Galleries, or use the Map-Based Kauai Home Search.

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