H.C.R. No. 21 Summary

• Urges the City and County of Honolulu to provide real property tax relief for kupuna (seniors) aged 60 and older living on fixed incomes.

• Requests revision of property tax assessment procedures to base assessment value on original purchase price plus 2% annual increases for dwellings without significant renovations or additions, rather than current market value basis.

• Proposes capping annual real property tax at a maximum of 3% of the owner's annual income.

• Directs certified copies of the resolution be transmitted to the Mayor of the City and County of Honolulu and the Chair of the Honolulu City Council.