URGING THE COUNTIES TO INITIATE A FREEZE ON PRIMARY RESIDENCE PROPERTY TAXES FOR HOMEOWNERS WHO ARE SEVENTY-FIVE YEARS OF AGE AND OLDER TO CREATE A MORE SECURE FINANCIAL ENVIRONMENT FOR THE IMPACTED POPULATION.

HCR 7 is a non-binding resolution urging Hawaii counties to implement a property tax freeze on primary residences for homeowners aged 75 and older. It directly affects seniors who own their primary homes, aiming to improve financial stability amid Hawaii's high cost of living (rated 179 in 2024) and stagnant fixed incomes. The resolution specifies the tax freeze would end if the property is sold, transferred, or the homeowner no longer owns it. This is a recommendation to local governments, not a law requiring state action.