Advocacy Updates

Property Tax Relief Bill Moves Ahead

Bill 21, which provides property tax relief to property owners who dedicate their property for lifetime residential use, is receiving opposition from the Department of Budget and Fiscal Services (BFS). However, the bill will move to a second reading before the full council. BFS testified that the bill would discriminate against certain groups of property owners. They explained that when real property taxes are limited by a specified percentage increase year over year in a rising market, new owners, including first-time homebuyers, will bear a greater proportion of the taxes than their neighbors. The length of time of ownership has no direct correlation to the ability to pay real property taxes.

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Bill Proposes Waiving ADU Permit Fees

Bill 27 would waive certain fees for homeowners to create an accessory dwelling unit (ADU), a move that could save homeowners up to $10,000. Drafted by the Department of Planning and Permitting (DPP), the measure would waive all building permit, grading, and inspection fees, and wastewater facility charges for two years. It would also permanently waive parking-dedication requirements for ADUs.

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Notes from the Housing Development Forum

We had fantastic turnout for a Honolulu Board of REALTORS® agent forum last week, with nearly 400 members, affiliates and local lawmakers gathering to listen to representatives from five of the most prominent developers in the islands talk about the future of housing on Oahu.

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