HI HCR183

Urges Hawaii's four counties (Honolulu, Hawaii, Kauai, and Maui) to freeze property taxes at current levels for homeowners who have continuously resided on their property for the last five years.

Cites property tax increases as a burden on homeownership affordability and notes that development-driven property value increases have led to corresponding tax increases.

Identifies property tax freezes as a solution used by other states to protect owner-occupied properties and prevent homeowners from being forced to sell.

Proposes that revenue losses from a property tax freeze could be offset by taxes collected from new developments.

Directs certified copies be transmitted to the mayors and county council chairpersons of all four Hawaii counties.