Constitutional Amendment Regarding Real Property Tax-2018
Hawaii voters will be asked this election season to vote on a constitutional amendment to allow the State of Hawaii to asses property taxes in addition to the County of Hawaii or other Counties within the State. In my opinion, it’s a terrible idea for multiple reasons. The number one reason is the amendment states that the assessment would only be on “investment property”. In addition the assessment, at least initially, would be used to “support public education”.
A vast majority of “investment” residential real estate is owned by non State of Hawaii residents. Given that fact it’s obvious that these owners will have no say or vote on being additionally taxed much less how much tax. Taxation without representation has started a few wars to my knowledge and the easy way for these “investors” to “win” the “war” is to sell their properties and take their money to another State.
Read the attached flyer for a few other reasons this is a bad idea even if for a great cause. Our struggling public sc...
