Coldwell Banker Bali Hai Realty Listing Portfolio - Spring 2018 Bali Hai Listing Portfolio - Spring 2018 | Page 11

Do You Know?
with Braddah Kimo
LAND USE & PROPERTY TAXES
Kauai property owners make an investment in their county when they pay their real
property taxes. Their dollars are returned in the form of vital services such as fire and police
protection, civil defense, refuse collection, transportation, elderly services and activities, etc.
Real property taxes are based on the County Assessed Value which is established annually by the Real
Property Assessment Division.
2017/2018 TAX RATE TABLE
(per $1,000 net assessed valuation)
HOMESTEAD $3.05
VACATION RENTAL $8.85
RESIDENTIAL $6.05
RESIDENTIAL INVESTOR $7.05
AGRICULTURAL $6.75
CONSERVATION $6.75
Homestead means your property is your
primary residence. When the County deter-
mines the assessed value, it will factor in
certain exemptions based on age, etc. Let’s
assume that they arrive at an assessed
value of $1,000,000. Your property taxes
would be $3,050 per year.
Now, let’s assume that same property will
instead be used as a vacation rental. Then
the vacation rental rate would apply and
your property taxes would be $8,850/year.
SOURCE: http://www.kauai.gov/RealProperty
Residential designation applies to a
home that the owner rents out long
term, or is not a primary residence. Long
term rent is a lease of at least 180 days. The residential investor rate applies to
a residence with a County Assessed
Value greater than $2,000,000 that is
not owner occupied.
Agricultural properties are designated
for farming or grazing. May be improved
with a farm dwelling. Ag dedications
may be obtained. Protected lands in the State
Conservation district.
Have more questions? Visit us in our office!
We’re available 7 days a week.
5-5088 Kuhio Highway
Hanalei Bay, Kauai, HI 96714
We are located in the Halele’a Building in Hanalei Town next to Quiksilver and Tropical Taco.