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Editorial | Letters

Create new tax on luxury housing units

  • DENNIS ODA / DODA@STARADVERTISER.COM

    “There will be thousands of new luxury condominiums in Kakaako priced so high that the majority of kamaaina will not be served,” writes Hawaii Kai resident Donald Rostow, who proposes a real estate tax surcharge on all new housing units over $800,000 so that the buyers pay their fair share for local infrastructure improvements.

I propose a real estate tax surcharge on all new housing units over $800,000 so that the buyers pay their fair share for local infrastructure improvements. That surcharge should rise in a proportionate manner for the multimillion-dollar units. Read more

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