State
Hawaii
Year
2017
Limit Type
Assessment Limit
Limit Name
Assessment Cap for Home Exemption Kaua'i County
Limit Description
For owners who has a home exemption or receives a beneficial tax rate due to a long term rental shall have the market value increase or decrease by no more than 3%.
Record ID
HI001_CL17
Footnotes
Effective tax year 2017, assessment growth of homestead properties is limited to 3% a year. This was enacted in Ord. No. 997, January 28, 2016.
If the value increase is the result of improvements, the cap does not apply to those improvements.
If there are changes in value due to zoning changes or the creation of subdivision or similar actions, the value will be reset to market value the year of the change.
Sources
Kaua'i County Ordinances Title III, § 5A-11A.3 (in effect for 2017)