I'm really surprised that the tax paying citizens of Oahu haven't really gotten on the case of the County Council about the exorbitant property taxes kama'aina retired homeowners have to pay. The older people are not about to sell their homes just for the profit, because if they did, where could they go?
On Maui, my parents have a second house in Kula (probably worth over a million dollars now because it's on 2/3 acres of farmable land and has a view of Kihei and Wailea). Because Maui County has granted tax relief to homeowners who are retired, my dad says he only pays about $700 annually for that property. He doesn't rent it out or anything (about the only people who stay up there in the house for more than a day are me and my kane when we visit).
The City and County of Honolulu really should do something to help the retired kama'aina stay in their own homes. I don't think they object to paying a property tax, but $1,600 on an old home with no improvements? Hmmm...
Miulang
On Maui, my parents have a second house in Kula (probably worth over a million dollars now because it's on 2/3 acres of farmable land and has a view of Kihei and Wailea). Because Maui County has granted tax relief to homeowners who are retired, my dad says he only pays about $700 annually for that property. He doesn't rent it out or anything (about the only people who stay up there in the house for more than a day are me and my kane when we visit).
The City and County of Honolulu really should do something to help the retired kama'aina stay in their own homes. I don't think they object to paying a property tax, but $1,600 on an old home with no improvements? Hmmm...
Miulang
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