Can Hawaii realistically tax 2nd Homes worth a certain amount?

As discussions around taxing second homes gain traction in New York, a similar approach in Hawaii raises intriguing questions. Mayor Mamdani's proposal, backed by Governor Hochul, targets properties valued at $5 million or more, imposing an additional surcharge on those not designated as primary residences. This strategy aims to address funding gaps while targeting affluent homeowners. In Hawaii, where the housing market is similarly inflated, could a comparable tax be implemented? While New York's criteria focus on non-residents and specific city dwellers, Hawaii might consider adjusting thresholds based on its unique landscape. The implications for local communities, tourism, and property ownership could be significant, making this a critical conversation for residents and policymakers alike.