No change planned for property tax rate on Kaua'i

Advertiser Staff

LIHU'E, Kaua'i — Kaua'i County officials are proposing no change in real property tax rates this year, although higher property values mean many homeowners will see their tax bills increase.

A 7.6 percent increase in values is expected to bring in an additional $3.3 million in the fiscal year that starts July 1, even with tax rates kept level.

Tax rates differ with zoning and land use. Homestead properties have the lowest rates at $3.64 per $1,000 in assessed value of the structure, and $4.35 per $1,000 of assessed value of the land. Apartment, commercial and resort properties have the highest rates: $8.15 per $1,000 for the building and $8.55 for land. Standard single-family residential rates are $4.50 per thousand for building and $5.49 for land.

Taking into account a $40,000 homeowner exemption, the owner of a $150,000 house on a $100,000 lot would pay $1,044; the owner of a $200,000 house on a $150,000 lot would pay about $1,543.

A public hearing on the tax rates, as well as on the county operating and capital-improvement budgets, is scheduled for 7 p.m. May 6 in the County Council Chambers.