Reminder: Property Tax Exemption Deadline Approaches: Kauai Now : Kauai News & Information
The county reminds the public that the deadline to file the next property tax exemptions for 2023 is September 30.
Kaua’i principal residents who do not currently qualify for a related tax exemption or credit may be eligible to file for a property tax reduction on their home. To qualify for a domicile exemption, a resident must occupy their property as their principal residence for more than 270 days and provide a 2021 full-time resident state tax return, Hawaiian driver’s license, or state-issued ID and not claiming primary residence. somewhere else.
Other exemptions include totally disabled veterans, visually or hearing impaired, and totally disabled, charities, low and moderate income housing, landlords with eligible safe rooms, kuleana landowners, and an exemption from additional accommodation linked to the income of the owner-occupiers. Tax credits include the Housing Preservation Tax Limit and the Low Income Tax Credit.
The Affordable Long-Term Rental Program provides the property tax class, lowest tax rate, for approved landlords who rent their properties at or below 90% of Kaua’s median household income. i, as listed in the County Housing Agency Affordable Rental Housing. guideline. If there are any questions regarding the continuing status of a multi-year lease, residents are encouraged to contact the county’s real estate assessment office or file by Sept. 30.
The Residential Investor Property Reclassification Long-Term Lease Application provides the lower tax rate for landlords with a property value of $1.3 million or more. To qualify, a landlord is required to file the application and provide current long-term rental agreements for all residential units on the plot.
Failure to notify the assessor of any change in current tax relief status subjects a property to back taxes and a civil penalty for each year the change is not reported.
Tax exemption or credit forms are available at 4444 Rice St., Suite 454, in Līhu’e or online. Some forms are also available for online submission here.
For more information, call 808-241-4224.