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January 5, 2012
Honolulu Commission Recommends Changes to Preservation Tax Exemptions
The Honolulu Real Property Tax Advisory Commission has completed a systematic review of the City’s real property tax system’s classes, 53 types of exemptions, credits, and minimum property tax. Among its many recommendations, the Commission proposes changes to the property tax exemptions for preservation of historic residential properties.
Historic Hawai‘i Foundation’s Fact Sheet summarize the report as it relates to the preservation exemptions. The full text of HHF’s comments to City Council are also available. HHF recommends that the City retain its existing property tax exemption for historic properties dedicated for preservation; give the recent amendments and implementation a proving time to determine if they are effective; and table the Commission’s recommendations in this regard. The Commission’s recommendations could be revisited if and when the City determines that it will develop a comprehensive program for historic preservation incentives, regulations, and professional management, with accompanying staffing and administrative support.
The report and recommendations are currently posted on the City Council’s website (http://www4.honolulu.gov/docushare/dsweb/View/Collection-1656). Comments on the report may be sent by January 9 via email to cclbc@honolulu.gov or via mail to:
The Honorable Ernest Martin, Chair
Honolulu City Council
530 S. King Street, Rm.202
Honolulu, Hawai‘i 96813-3065
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