HomeMy WebLinkAboutNR103020MO
THE COUNTY OF KAUA‘I
DEREK S. K. KAWAKAMI, MAYOR
MICHAEL A. DAHILIG, MANAGING DIRECTOR
News Release
For Immediate Release: October 30, 2020
OFFICE OF THE MAYOR
SARAH K. BLANE, CHIEF OF STAFF
Tel (808) 241-4900
Fax (808) 241-6877
Mayor Kawakami signs Bill No. 2803, amending homestead exemption
status for full-time Kaua‘i residents
LĪHU‘E – Mayor Derek S. K. Kawakami has signed Bill No. 2803, amending homestead
exemption status for full-time Kaua‘i residents.
“Initiated and guided by the Real Property Assessment Division under the leadership of
Real Property Tax Manager Brad Cone, the intent of the homestead exemption is to provide tax
relief for qualifying Kaua‘i residents,” said Mayor Derek S. K. Kawakami.
With the signing of this bill, residents must occupy their homes on island for at least 270
days of the calendar year; possess a valid Hawai‘i driver’s license, State ID, or valid green card
and claims residency in Hawai‘i with an address on Kaua‘i; or is stationed in the County under
United States military orders.
Additionally, residents must file an income tax return as a resident of the State of
Hawai'i with a reported address in the County the year prior to the effective date of the
exemption. Non-resident and part-year resident State of Hawai'i income tax returns do not
qualify for the home exemption.
The County of Kaua‘i homestead exemption provides an exemption amount of $160,000
and qualifies residents for the assessment cap which limits assessed values from varying by
more than 3% each year. Additionally, it also opens the door for numerous other exemptions
provided by the County. This exemption is meant specifically for residents who reside on Kaua‘i
as full-time occupants of their primary dwelling.
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