Budget & Taxes (Property Tax)

in committee · Hawaii · House Dec 8, 2025

HB 1251: RELATING TO TAXATION.

HB 1251 would create a refundable income tax credit for property owners whose real estate insurance premiums increased. It directly helps these property owners by refunding the exact amount of their higher insurance costs through their tax returns. The credit applies to properties affected by rising insurance premiums, though the bill does not specify exact property types or thresholds. This policy change aims to offset financial burdens caused by insurance cost increases without requiring new tax payments.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief via refundable credit for property owners facing higher insurance costs, offsetting financial burden without increasing taxes.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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passed · Hawaii · Senate May 12, 2026

SR 11: 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.

This Senate Resolution (SR 11) urges Hawaii counties to implement a property tax freeze on primary residences for homeowners aged 75 and older. It directly affects senior homeowners in Hawaii, aiming to improve their financial stability amid the state's high cost of living (179 index) and fixed incomes failing to keep pace with inflation. The freeze would apply only to the primary residence and end if the homeowner sells, transfers the property, or no longer owns it. The resolution is non-binding and directs counties to consider this measure, not mandate it.

Topics ✓ Budget & TaxesSupports Budget & TaxesUrges property tax freeze for seniors, providing direct tax relief to protect fixed-income homeowners from rising costs.95% confidence

Sub-Topics Property Tax Sales Tax Tags Seniors

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passed · Hawaii · Senate Mar 25, 2026

SB 3333: RELATING TO TAXATION.

Requires each county to apply any applicable real property tax exemptions, reduced assessments, or tax classifications for any affordable housing subject to income, resale, or occupancy restrictions as of the date a qualifying owner takes title to the affordable housing for the upcoming tax period, consistent with county procedures. Effective 4/19/2042. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates tax exemptions for affordable housing, providing real property tax relief to lower-income housing owners per bill's tax relief focus.95% confidence ✓ HousingSupports HousingRequires counties to maintain tax exemptions for affordable housing with restrictions, directly supporting affordability through tax relief for qualifying units.95% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Housing Finance Property Taxes

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passed both · Hawaii · House Mar 30, 2026

HB 1918: RELATING TO TAXATION.

Imposes conveyance tax on the transfer of a controlling interest of an entity with an interest in real property. Stipulates that the imposition of the conveyance tax on transfers of entity ownership shall not apply to any transfer of interest or acquisition between entities wholly owned by the same common ownership that results in no change in the beneficial ownership. Imposes the conveyance tax on certain transfers of real property at the lowest tax rate. Imposes liability on the transferee in the event that the transferor of the controlling interest does not pay the tax due. Effective 1/1/3028. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses tax loophole by imposing conveyance tax on controlling interest transfers while exempting same-ownership transfers, promoting fiscal responsibility in real property taxation.95% confidence

Sub-Topics Business Taxes Property Tax Sales Tax

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passed · Hawaii · Senate Apr 10, 2026

SCR 9: 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.

SCR 9 is a non-binding resolution urging Hawaii counties to freeze property taxes on the primary residences of homeowners aged 75 and older. This would directly assist elderly homeowners, who face financial strain from Hawaii's high cost of living and fixed incomes, by reducing a major recurring expense. The freeze would apply only to primary residences and end if the property is sold, transferred, or the homeowner is no longer the owner. The resolution is addressed to county officials to encourage voluntary action but does not require counties to implement the policy.

Topics ✓ Budget & TaxesSupports Budget & TaxesProposes property tax freeze for elderly homeowners, reducing tax burden on fixed-income residents and aligning with tax relief indicators for vulnerable populations.95% confidence ✓ HousingSupports HousingReduces property tax burden for elderly homeowners on primary residences, directly increasing housing affordability for vulnerable seniors.95% confidence

Sub-Topics Property Tax Homeownership Property Taxes Tags Seniors

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