By Staff Reports
(LĪHU‘E)– Real property owners that believe their properties were given the wrong tax classifications for the 2014 tax year can apply for reclassification.
Bill No. 2558, which was recently passed by the County Council, allows qualified real property owners a one-time reclassification for the current tax year.
The deadline to apply for a reclassification is Wednesday, Dec. 31.
To be eligible for consideration, applicants must submit a new “Use Survey Form” to the Real Property Assessment office and at least one of the following documents:
- Cancelled general excise tax
- Cancelled transient accommodations tax license
- Cancelled or revoked commercial use permit
- Copies of long-term lease agreements
- Other documentation that indicate that the 2014 tax classification is incorrect
It should be noted that properties with multiple units are only eligible for the Homestead tax class if each unit independently qualifies for this classification. Additional units that are vacant or are being used by family members that are not co-owners of the property do not qualify for the Homestead tax class.
The Department of Finance will review all requests and will issue a tax credit in tax year 2015 to real property owners whose revised tax classification requests are confirmed.
Anyone with questions about their tax classification can log on to www.kauai.gov/realpropertyclass or call 808-241-4224.