UHERO offers ‘uncertainties’ over Council’s proposed empty-homes tax
The University of Hawaiʻi Economic Research Organization offered more insights over the potential ramifications of an implemented empty homes tax on Oʻahu.
Honolulu City Council bill aimed at taxing empty homes advances
The Honolulu City Council Budget committee narrowly advanced a measure that would tax properties left vacant by up to 3 percent.
Honolulu City Council’s empty-homes tax measure advances
The Honolulu City Council’s Budget Committee voted 3–2 to advance Bill 46, which could tax a vacant real property by as much as 3 percent.
Honolulu empty homes tax proposal advances
At 3 percent, annual revenue could be about $180 million, according to a recent estimate from Hawaiʻi Appleseed.
Report backs empty-homes tax to address housing crisis on Oʻahu
To address investment-driven purchases and support affordable housing for working families, Appleseed recommended a 3–5 percent tax, which could generate annual revenue ranging from $183 million to $305 million.