Bill > HR21

This resolution urges the City and County of Honolulu to provide property tax relief for kupuna (a Hawaiian term meaning elderly people) who are 60 years or older and living on fixed incomes. Recognizing that rising property taxes disproportionately burden seniors with limited financial resources, the resolution proposes two specific changes to property tax assessment procedures: first, for homes that have not undergone significant renovations, the property's assessed value should be based on the original purchase price with only a modest two percent annual increase, rather than the current market value; and second, annual property taxes should be capped at three percent of the homeowner's annual income. The resolution highlights the economic challenges faced by kupuna, including the growing disparity between rising property taxes and fixed incomes, and aims to help seniors maintain a reasonable quality of life by making property taxes more affordable and predictable. The resolution will be transmitted to the Mayor of Honolulu and the Chair of the Honolulu City Council for consideration.

Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HR&billnumber=21&year=2025