It appears that the City & County of Honolulu will give homeowners a property tax break again.  The property tax rate would drop from $3.59 to $3.29 per thousand dollars of assessed value.  This comes as more an more local residents complain that their property taxes have risen too much in the last few years with the rise in property values. 

I can’t say I agree with this one.  On a $400,000 condo this comes out to about a $75 a year savings.  Hawaii already has among some of the lowest property taxes in the country and ranks 5th in the country for the tax-friendliest city.  If you have seeen our roadways and know about our sewer problems this doesn’t make a whole lot of sense.  Especially seeing that our sewer fees are going to rise about 50% over the next few years.  The City is looking to increase the property taxes for properties zoned in Commercial, Industrial,  Hotel and Resort.  Here is the full article from the Honolulu Advertiser labeled, Homeowners may get a break as city cuts property tax rates.