HomeMy WebLinkAboutResolution No. 2026-11COUNTY COUNCIL
COUNTY OF KAUA'I
3acsolution No. 2026-11
RESOLUTION ESTABLISHING THE REAL PROPERTY TAX RATES
FOR THE FISCAL YEAR JULY 1, 2026 TO JUNE 30, 2027
FOR THE COUNTY OF KAUA'I
WHEREAS, pursuant to Section 5A-6.3, Kaua'i County Code 1987, as amended,
the Council of the County of Kaua'i desires to fix and establish the real property tax rates
for the tax year July 1, 2026 to June 30, 2027, by June 20, 2026; and
WHEREAS, the Department of Finance has certified that the net value of taxable
real property in the County for the tax year 2026-2027 is $35,541,225,200; and
WHEREAS, via the Supplemental Property Tax Revenue Information from the
Director of Finance dated March 11, 2026, the Council was informed of an estimated loss
in tax reveimes of: $362,458 due to the Very Low-Income Tax Credit, and $47,507 due to
the Home Preservation Tax Limitation; now, therefore,
BE IT RESOLVED BY THE COUNCIL OF.THE COUNTY OF KAUA'I, STATE OF
HA WAI'I, that the Council does hereby fix and establish the real property tax rates for
the several classes of real property for the Fiscal Year July 1, 2026 to June 30, 2027, as
computed in Exhibit 1 attached hereto:
TAX RATE* CLASSIFICATION
$2.59 Owner-Occupied
Non-Owner-Occupied Residential
$5.45 Tier 1 -portion of taxable value less than or equal to $1,300,000
Tier 2 -portion of taxable value more than $1,300,000 and up to
$6.05 and including $2,000,000
$9.40 Tier 3 -portion of taxable value exceeding $2,000,000
Vacation Rental
$11.30 Tier 1-portion of taxable value less than or equal to $1,000,000
Tier 2 -portion of taxable value more than $1,000,000 and up to
$11.75 and including $2,500,000
$12.20 Tier 3 -portion of taxable value exceeding $2,500,000
$11.75 Hotel and Resort
$8.10 Commercial
$8.10 Industrial
$6.75 Agricultural
$6.75 Conservation
$5.05 Owner-Occupied Mixed-Use
$2.59 Long-Term Affordable Rental
*Per $1,000.00 Net Assessed Valuation
1
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Introduced by: ~~
ARRYL KANESHIRO
(By Request)
QI:ertif tcate @f ~boptton
We berebp certifp tbat 3&e%olution ~o. 2026-11
bJa% abopteb bp tbe <!Council of tbe Qfountp of 1k.aua'i, ~tate of
~abJai'i, JLibu'e, 1k.aua'i, ~abJai'i, on June 3, 2026 .
Qfbairman & llre%ibing ®fficer
2
EXHIBIT 1
NET TAXABLE VALUE
-100% FMV
-Less Exemptions REVENUE TAX TAX
-Less 50% Appeals BY CLASSES REVENUE RATE
OWNER-OCCUPIED 6,439,902,200 6.37% 16,679,347 2.59
NON-OWNER-OCCUPIED RESIDENTIAL
TIER 1 VALUE<= $1,300,000 6,810,104,100 14.17% 37,115,067 5.45
TIER 2 VALUE> $1,300,000 TO $2,000,000 1,066,446,350 2.46% 6,452,000 6.05
TIER 3 VALUE> $2,000,000 2,804,049,950 10.07% 26,358,070 9.40
VACATION RENTAL
TIER 1 VALUE <= $1,000,000 3,622,575,450 15.63% 40,935,103 11.30
TIER 2 VALUE> $1,000,000 TO $2,500,000 1,951,242,800 8.76% 22,927,103 11.75
TIER 3 VALUE> $2,500,000 1,216,153,050 5.67% 14,837,067 12.20
HOTEL AND RESORT 4,276,108,150 19.19% 50,244,271 11.75
COMMERCIAL 1,947,609,700 6.02% 15,775,639 8.10
INDUSTRIAL 790,505,100 2.45% 6,403,091 8.10
AGRICULTURAL 1,837,274,800 4.74% 12,401,605 6.75
CONSERVATION 118,865,050 0.31% 802,339 6.75
OWNER-OCCUPIED MIXED-USE 1,632,366,450 3.15% 8,243,451 5.05
LONG-TERM AFFORDABLE RENTAL 1,028,022,050 1.02% 2,662,577 2.59
----------.... ___ .. -------------------
Subtotal -35,541,225,200 100.00% 261,836,730
Less:
Home Preservation Limit Differential (47,507)
Very Low-Income Tax Credit (362,458)
Total 261,426,765
CERTIFICATE OF THE COUNTY CLERK
I hereby certify, that on March 25, 2026, the Council of the County of Kaua'i
entertained a motion to schedule a Public Hearing on Resolution No. 2026-11 for
May 13, 2026 at 5:00 p.m., and thereafter refer said Resolution to the Finance &
Economic Development Committee, by the following vote:
FOR MOTION:
AGAINST MOTION:
EXCUSED & NOT VOTING:
RECUSED & NOT VOTING:
Lihu'e, Hawai'i
March 25, 2026
Bulosan, Carvalho, Cowden, Holland,
Kaneshiro, Kuali'i, Rapozo TOTAL-7,
TOTAL-0,
TOTAL-0,
TOTAL-0.
None
None
None
untain-Tanigawa
County Clerk, County of Kaua'i