03-02-2009, 01:04 PM
Good idea, property taxes, Hawaii's are some of the nations lowest. A major percentage increase would bring some mansion owners who've skated for years with cheap taxes, plus speculators who sit on their lots at nearly no expense forever until the residents get things in line for them to make a killing. Start charging these speculators what the same property would cost in Calif. and the money would be coming in.
Even the top line (400,000$+) houses could probably double the tax and still be under any comparable mainland location.
Hitting the residents with excise taxes would hurt the small local resident. Hitting the property tax would increase the tax base to add speculators, and those who can easily afford it..
Even the top line (400,000$+) houses could probably double the tax and still be under any comparable mainland location.
Hitting the residents with excise taxes would hurt the small local resident. Hitting the property tax would increase the tax base to add speculators, and those who can easily afford it..
Gordon J Tilley