HONOLULU (Island News) — Homeowners in Honolulu are a step closer to getting some relief on property taxes, especially kupuna with financial challenges.
Bill 50 would raise the property tax exemption from $140,000 a year to $250,000 a year. Bill 49 proposes to raise the tax exemption for seniors from $160,000 a year to $300,000; almost doubling the exemption.
Some in support see it as a way to help with our expensive cost of living…