In 2004, a law was passed which allows Hawaii residents to claim up to a $3,000 tax deduction if they are maintaining an “exceptional tree” on their property. The concept behind this law was to encourage the preservation of large, old, distinctive trees on private property. To be given an “exceptional tree” status, an owner must go before a nine member county arborist panel who would review “exceptional tree” applications and recommend approval to the City Council. If granted approval, the owner may not cut down the tree unless it poses a safety hazard and the owner must get a city permit before any maintenace is done. Any tax deduction work on the tree must be performed by a qualified arborist.
Source: Honolulu Star Advertiser, 4-23-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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