Advocacy Updates

Growing Concern Over Shoreline Erosion and Sea Level Rise

Due to our concentrated shoreline development and our remote location in the central Pacific, we are vulnerable to impacts from both shoreline erosion and sea level rise. These issues are a growing concern here on O’ahu.

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Real Property Tax Update

Honolulu City Council passed the following measures related to Real Property Tax:

Real Property Tax Rate Set for 2020-2021

Honolulu City Council introduced and passed Resolution 20-64, which sets real property taxes for Fiscal budget Year 2020-2021. The real property tax rates remain the same except for a $0.50 increase from $13.40 to $13.90 for Class B – Hotel and Resort and the addition of the Bed and Breakfast home property tax class at a tax rate of $6.50. We are glad to see that there is no change in Residential or Residential A (Tier 1 & Tier 2) tax rates.

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Council Hears Bill to Cap Property Tax Increases

Council Member Carol Fukunaga has introduced Bill 49, which attempts to provide tax relief to homeowners by placing a cap on the City’s valuation of real property for tax purposes. If passed, the property owner with the homeowner’s exemption would realize no more than a two percent per year increase in valuation unless:

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Update: Short-term vacation rentals

As HBR and our City Affairs Committee (CAC) continue to engage with City Council and various county departments on Ordinance 19-18, we appreciate the questions and concerns that were raised by our members at the HBR Agent Forum on July 12 regarding Bill 89 as to how the new law change will impact real property with Nonconforming Use Certificates (NUC). The understanding of the law, how it will be enforced and regulated, addressing existing NUC’s and B&B’s and newly permitted B&B’s, is still under discussion and review by DPP. As more clarity is provided, HBR will continue to provide updates. Links to the forum handouts and videos can be found below.

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 First Hawaiian Bank