NOTICE OF PUBLICATION AND NOTICE OF PUBLIC HEARING
Notice is hereby given that the Council of the County of Kaua’i will hold a public hearing on Wednesday, July 20, 2022, at 8:30 a.m., or soon thereafter, at the Council Chambers, 4396 Rice Street, Room 201, Historic County Building, Lihu’e, on the following:
Bill No. 2872
A BILL FOR AN ORDINANCE AMENDING CHAPTER 5A, KAUA’I COUNTY CODE 1987, AS AMENDED, RELATING TO REAL PROPERTY TAX (Tiered Residential Investor & Vacation Rental Tax Classifications)
The purpose of this Bill is to amend the “Residential Investor” and “Vacation Rental” tax rate classifications to incentivize long-term rentals and to shift some of the financial burden of funding government services to those more capable of paying. It proposed to amend in part the definition of “Residential Investor” from that which has an assessed value of one million three hundred thousand dollars ($1,300,000) or more, to an assessed value of one million dollars ($1,000,000) or more. Further, the Bill creates a tiered rate system for properties classified as “Residential Investor” or “Vacation Rental,” which assigns taxes according to the valuation of the property. The three (3) tiers are: Tier 1 – property valued at up to one million dollars ($1,000,000); Tier 2 – property valued in excess of one million dollars ($1,000,000) up to three million dollars ($3,000,000); and Tier 3 – property valued in excess of three million dollars ($3,000,000). Based on the value of a property, one or more tiered tax rates will apply.
All interested persons who wish to present their comments may do so at the public hearing. Written testimony prior to the hearing would be appreciated. Written testimony can be submitted to the Office of the County Clerk, Council Services Division by mail, facsimile, or via E-mail to firstname.lastname@example.org. Copies of this Bill are available at the Office of the County Clerk, Council Services Division.
(The Council Committee or Council may amend this Bill at their subsequent meetings. Meeting notices are posted at least six (6) days in advance at the County Clerk’s Office and the public may also testify at any of these meetings.)
CERTIFICATE OF THE COUNTY CLERK
I hereby certify that the foregoing Bill No. 2872 was passed on first reading and ordered to print by the Council of the County of Kaua’i at its meeting held on June 15, 2022, by the following vote:
AYES: Carvalho, Chock, Cowden, Evslin, Kuali’i, Kaneshiro TOTAL – 6,
NOES: DeCosta TOTAL – 1,
EXCUSED & NOT VOTING: None TOTAL – 0,
RECUSED & NOT VOTING: None TOTAL – 0.
Lihu’e, Hawai’i /s/ Scott K. Sato
June 16, 2022 Deputy County Clerk, County of Kaua’i
NOTE: IF YOU NEED AN AUXILIARY AID/SERVICE, OTHER ACCOMMODATION DUE TO A DISABILITY, OR AN INTERPRETER FOR NON-ENGLISH SPEAKING PERSONS, PLEASE CONTACT THE OFFICE OF THE COUNTY CLERK, COUNCIL SERVICES DIVISION AT (808) 241-4188 OR COKCOUNCIL@KAUAI.GOV AS SOON AS POSSIBLE. REQUESTS MADE AS EARLY AS POSSIBLE WILL ALLOW ADEQUATE TIME TO FULFILL YOUR REQUEST.
UPON REQUEST, THIS NOTICE IS AVAILABLE IN ALTERNATE FORMATS SUCH AS LARGE PRINT, BRAILLE, OR ELECTRONIC COPY.