Quantcast

Tuesday, September 23, 2014         

 Print   Email   Most Popular   Save   Post   Retweet

Caldwell proposes higher tax rates for luxury homes, hotel/resorts

By Star-Advertiser Staff

POSTED:
LAST UPDATED: 02:19 p.m. HST, Feb 28, 2014



Honolulu Mayor Kirk Caldwell today introduced a $2.1 billion operating budget for next year, $77 million more than the current year.

Caldwell also introduced a $640 million capital improvement budget for the yeart that begins July 1.

The plan calls for higher tax rates for the new Residential A tax classification made up of those with homes valued at $1 million or more, as well as for hotels and resorts.

Those homeowners who live in their houses and receive a homeowner's exemption, would not see an increase in rates, although they may see higher higher tax bills if their property values have risen.






 Print   Email   Most Popular   Save   Post   Retweet

IN OTHER NEWS
Breaking News