HomeMy WebLinkAboutCOM 0600.042 2022-2024 P/Fc
bill 104
COMM.600
From: M &C Johnson
Sent: Monday,June 17, 2024 8:56 AM
To: Council Testimony
Cc: Kagiwada,Jennifer
Subject: Support for bill 104
To: Matt Kaneali'i-Kleinfelder, Chair
Cindy Evans,Vice-Chair -:7$
Hawaii County Council, Committee on Finance
From: Mark Johnson and Carol Johnson, Council District 2, Hilo, Hawaii
We would like to SUPPORT Bill 104, Draft 5 for the creation of a new property tax class for long-term
rentals.
We own the house next to us here in Hilo as a long-term rental.After mortgage interest, property taxis by
far the largest expense we have for the property. Expenses get passed onto the tenants in the form of
rent. Property tax on our rental is almost 4 times what we pay for our personal residence. Our renters
have been with us for 4 years now. During that time property tax on the rental property has gone up by
20%.We have been trying to avoid raising the rent because they are a local family with a young child.
Having a new lower property tax class for long term rentals will allow us to continue to keep the rent
stable for them in spite of the effect of inflation on all of our other rental expenses. Keeping rent
affordable is very important to all citizens of Hawaii.These renters participate in the community and
schools it would be a benefit to have them continue to live on Hawaii Island.
Mahalo for your consideration.
CC: Council member Jennifer"Jenn" Kagiwada, District 2
Comm. No.
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