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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
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