In this year’s General Election on November 6, Hawaii voters will be asked to decide on a proposed constitutional amendment that would give the legislature the authority to create one of the largest tax increases in Hawaii’s history. This change will affect all Hawaii residents and visitors.
The ballot question reads:
“Shall the legislature be authorized to establish, as provided by law, a surcharge on investment real property to be used to support public education?”
While the proposed intent is to help our public schools, this tax (they call it a surcharge) will pull $500 million+ out of our local economy every year and raise the cost of living for everyone in our state. It will cripple the County’s ability to raise further funds for County services and infrastructure. This New Property Tax will increase the cost of living and affects all investment properties in Hawaii – residential, commercial and agricultural – regardless of their value. The impact will be felt not just by local property owners, but by the people and businesses who rent from them. The result will be higher residential rents and business leases and an increase in the cost of goods and services. Click on the URL below to learn more. You owe it to yourself to understand the facts about this constitutional amendment before you vote.