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FOR IMMEDIATE RELEASE                                                                           October 30, 2009

Release No. M-73-09

 

MAYOR HANNEMANN APPROVES HOMEOWNER TAX PROTECTION MEASURE

 

(Friday, October 30, 2009)—Mayor Mufi Hannemann today signed into law Bill 51, creating a “homeowner” real property tax classification.

 

            Hannemann said Bill 51 will help protect homeowners from property tax increases, and provides the City with another tool as it addresses financial challengers during these difficult economic times.

 

            “This change is long overdue to distinguish owners who live in their homes from the many speculators, investors and others who don’t,” Hannemann said. “The ‘homeowner’ classification has long been in place on Maui, the Big Island and Kauai, and allows the creation of separate tax rates for owner-occupants and for other owners of residential properties.”

 

            Hannemann said the measure is especially important to help minimize the potential for tax increases, especially for seniors and those on fixed incomes. Bill 51 replaces the “residential” land class with two new general land classes identified as “homeowner” and “non-homeowner.” The bill does not change the other classifications: “hotel and resort,” “commercial,” “industrial,” “agricultural,” “preservation,” “public service,” and “vacant agricultural.”

 

            Hannemann also vetoed Bill 65, which was redundant because its provisions were included in Bill 51.

 

The City Council approved the bills on October 27, 2009.

 

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Media contact: Bill Brennan, Mayor’s Office, 768-6928