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Friday deadline for property-tax breaks

LIHU‘E — The County of Kaua‘i in a press release reminds the public that the deadline to file 2023 real-property-tax exemptions is Friday.

Primary residents of Kaua‘i not currently receiving home exemptions or related tax credits may be eligible to file a claim to reduce property taxes on homes.

To qualify for a home exemption, one must:

• Occupy the property as the principal home for more than 270 days;

• Provide a 2021 full-time residency state income tax return (form N-11);

• Provide a Hawai‘i driver’s license or state ID;

• Not claim primary residency elsewhere.

Other exemptions include totally disabled veterans, persons with impaired sight or hearing and persons totally disabled, charitable organizations, low- and moderate-income earners, owners with eligible safe rooms, kuleana landowners and an additional home exemption relating to owner-occupants’ income.

Tax credits include the limitation of taxes for home preservation and the low-income-tax credit.

The long-term-affordable rental program provides the Homestead tax class, the lowest tax rate, for approved property owners who rent their properties at or below 90% of the Kaua‘i median household income as set forth in the Kaua‘i County Housing Agency Affordable Rental Housing Guideline.

Any questions regarding the continuing status of a multi-year lease agreement should be directed to the county Finance Department’s Real Property Assessment office prior to Sept. 30.

The Long-Term Lease Application for Reclassification of Residential Investor Properties provides the lower tax rate for property owners whose property’s value is $1.3 million or higher. To qualify, an owner is required to file the application and provide current long-term-lease agreements for all residential units on the parcel.

Failure to notify the county of any change to current tax-relief status subjects the property to back taxes and a civil penalty for each year that the change is unreported.

Exemptions and tax-credit forms are available at 4444 Rice St., Suite 454, in the Lihu‘e Civic Center, or online at kauaipropertytax.com. Certain forms are also available for online submission at https://connect.kauai.gov.

• Info: 808-241-4224
Source: The Garden Island

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