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Unless Bill #2574 is passed there will be an automatic tax increase to owner occupied Kauai properties equaling nearly $2,000,000.
Bill #2574 “The purpose of this Bill is to cap taxes with home use exemptions which received substantial increases in their Real Property Taxes (RPT) due to the removal of the Permanent Home Use tax cap, any changes in use, increases in various RPT rates, and recalculation of their property taxes based on current fair market values.”
Read public hearing notice and actual Bill here: http://www.kauai.gov/LinkClick.aspx?fileticket=KJCVQ%2bK5uPI%3d&tabid=599&mid=1687