What constitutes an empty home? And what city services should benefit from revenue that would be generated by a proposed special tax on vacant properties?
Disputes over that last issue emerged as a dealbreaker Wednesday when a Honolulu City Council bill that would raise taxes on vacant homes was postponed indefinitely.
The core idea of the bill has broad support, but logistics have proven to be a hurdle. If passed, the city’s Department of Budget and Fiscal Services would be in charge of implementing the law, and leaders from that department like real property assessment division administrator Steven Takara have testified that they’re concerned it’s too complicated and requires more study.
As written, the default assumption would be that homeowners need to pay the tax, which would start at 1% of assessed value before climbing to 2% the next yearHomeowners could prove occupancy by sending in proof of permanent residence like utility bills, a driver’s license or tenancy agreements.
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