More stupid gov. regulation.Who is the dumb shit thought this up? My property tax has more than doubled, that's not enough?? Could be any number of reasons a house is vacant and the owners really don't need to be taxed for it!!
The bill has exceptions, Going from memory:
1) Death
2) New sale
3) Owned by non-profit
4) In court case
Other stuff by memory:
1) 1st year vacancy is X% of the assessed value. Then it increased after 2nd year vacancy.
What the bill doesn't factor in is looking for a tenant for X amount of rent because that's what your mortgage is. Esp if you're paying 6% or the AOAO maintanance fee. What this would do is cause people to rent for less than they're paying and take a monthly loss. Or was the bill designed this way so they sell a home they're not living in?
I look at it as this is government over-reach. People should do what ever they want with their property, including air bnb without a permit.
2 years ago, they tried to tax air bnb's 40% tax. WHen people testified, they mentioned taxation without representaiton/over taxation and the constitution/bill of rights. Me being a 2A guy attending the hearing, I wanted to ask "1st time u guys felt HI is violating your right?".