text: No.  Just no.
  
  People seem to forget that these properties are homes to many families.  This would have a significant negative impact on our rental market.  Real property taxes would double (or more) for rental properties on Oahu.
  
  Here are the rates per SB686:
  
       Under $500,000               $3.50
       $500,000 under $750,000      $4.50
       $750,000 under $1,000,000    $5.50
       $1,000,000 under $2,000,000  $6.50
       $2,000,000 and over                $7.50