The following testimony was submitted by the Grassroot Institute of Hawaii for consideration by the Honolulu City and County Council on June 7, 2023.
June 7, 2023
Honolulu City Council Chambers
To: Honolulu City and County Council
Councilmember Tommy Waters, Chair
Councilmember Esther Kiaʻāina, Vice Chair
From: Grassroot Institute of Hawaii
Ted Kefalas, Director of Strategic Campaigns
RE: Bill 14 (2023) — RELATING TO REAL PROPERTY TAXATION
Dear Chair and Committee Members:
The Grassroot Institute of Hawaii would like to offer its comments on Bill 14 (2023), which would provide all Oahu homeowners a one-time tax credit of $300.
Because of higher property assessments, property tax collections are projected to increase by more than $212 million in fiscal year 2024. Hawaii residents already pay some of the highest taxes in the entire United States, including income, excise, property and other taxes, so the Council’s efforts to provide property tax relief are greatly appreciated.
Mayor Rick Blangiardi’s proposed one-time $300 property tax credit would apply to more than 150,000 Oahu homeowners, saving them a total of about $45.5 million.
Councilmember Esther Kiaʻāina’s floor draft would increase the value of the credit to $350, which would provide roughly $53.1 million in tax relief. Frankly, the Institute prefers the $350 amount, but ultimately we support either option.
Thank you for the opportunity to testify.
Director of Strategic Campaigns
Grassroot Institute of Hawaii
 Merrilee Gasser, “Hawaii taxpayers shell out more than $5,500 in state and local taxes,” The Center Square, March 29, 2023.
 “City unveils $3.4B budget that includes property tax relief plan,” Hawaii News Now, March 3, 2023.