Property Taxes

Special Tax Considerations for Foreigners & Non-Residents of Hawaii

The Federal government requires withholding 10% of the gross proceeds any time a foreign seller conveys property. Escrow will also withhold an additional 5% if the foreigner is not a Hawaii resident. Foreigners or out-of-state owners who make even a penny on the sale of real property are subject to withholding. Buyer and seller alike should be […]

Getting North Shore Kauai Property Eligible for Ag Dedication Tax Breaks

As implied by its nickname “The Garden Island,” Kauai‘s lush, green landscape is a result of fertile volcanic soil, sunshine, and rain. It’s no wonder that so many properties here are zoned Agriculture (aka ‘Ag’). These parcels are usually a minimum of several acres, and house sites are limited to encourage agricultural practices to be the primary use […]

Property Tax Relief For Kauai Residents

Tomorrow (Wednesday, March 21, 2012) the Kauai County Council will again discuss Bill 2425, which proposes to increase the homeowner exemptions for Kauai residents. Kauai County Council Member Tim Bynum, who authored the Bill, states: “Since the economy turned and home values started to fall property tax collections by the County have seen a disturbing trend.  In […]

Maui to Raise Property Taxes – Decrease Homeowner Exemption

As expected, the county council of Maui County has given initial approval to lower the homeowner’s exemption from $300,000 to $200,000, and to tighten the regulations for those applying for this exemption. Read the full Maui News article here. The stimulus behind this bill is that property values in Maui County have dropped so significantly in the past […]