Letter: Taxing vacant homes destroys wealth

Taxing vacant homes at a higher rate will tax all homeowners. Taxing these vacant properties at a higher penalty rate will reduce their value and the values of all residential properties.

I have a home in Kaneohe. If I want to sell my home in the future, then potential buyers will offer me less money if they are penalized for not occupying my house full-time.

A certain amount of wealth will be destroyed for every additional dollar of tax revenue Hawaii collects.

Mark Nadler

Kaneohe

EXPRESS YOURSELF

The Honolulu Star-Advertiser welcomes all opinions. Want your voice to be heard? Submit a letter to the editor.

>> Write us: We welcome letters up to 150 words, and guest columns of 500-600 words. We reserve the right to edit for clarity and length. Include your name, address and daytime phone number.

>> Mail: Letters to the Editor, Honolulu Star-Advertiser 7 Waterfront Plaza, 500 Ala Moana, Suite #7-500 Honolulu, HI 96813

>> Contact: 529-4831 (phone), letters@staradvertiser.com, staradvertiser.com/editorial/submit-letter