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Harry Kim Collins,. H!! !!,• Tomei <br /> Mayor <br /> ; Director <br /> Deanna S. Sako <br /> Deputy Director <br /> County of Hawai`i <br /> Finance Department —4 <br /> 25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 1 <br /> (808)961-8234 • Fax(808)961-8569 O.< <br /> -TIC <br /> .12 <br /> May 5, 2017 <br /> Valerie Poindexter, Council Chair and �- <br /> Members of the Hawai`i County Council <br /> Hawai`i County Council <br /> 25 Aupuni Street <br /> Hilo, Hawai`i 96720 <br /> Re: Amendment to the Hawai`i County Code <br /> Enclosed is a bill for an ordinance amending Chapter 19, Article 11, Section 19-90, Hawai`i <br /> County Code 1983 (2005 edition, as amended), relating to Property Tax Exemptions. This <br /> bill proposes to increase the minimum tax and the minimum tax of graduated scale amongst <br /> all property. Specifically, the minimum real property tax of$100 will be increased to $200 <br /> per year except under the following conditions: <br /> 1. If the property owner receives a home exemption or totally disabled veteran exemption resulting <br /> in the minimum tax, and the assessed value of improvements is less than or equal to $75,000, <br /> then, the minimum tax for-this property shall be as follows: <br /> a. Property with improvements assessed at $50,001 to $75,000 the minimum tax shall be $150. <br /> b. Property with improvements assessed at $25,001 to $50,000 the minimum tax shall be $100. <br /> c. Property with improvements assessed up to $25,000 the minimum tax shall be $50. <br /> 2. If the property is assessed at a market value of less than or equal to $500, it shall be taxed at a <br /> minimum tax of$0. <br /> These measures are needed in order to provide a balanced operating budget and a more equitable <br /> distribution of County revenue collections amongst all property owners. If you have any questions, <br /> do not hesit e to call me. <br /> C�9 <br /> Collins Tomei <br /> Director of Finance <br /> APPROVFD <br /> �iLr+ <br /> Harry Kim 2 n <br /> Mayor Comm No. <br /> Ref. Tool t.CwlECL. ..: <br /> Enc. Ref. Date MAY 0 5 2017 <br /> <Pjtj Hawaii County is an Equal Opportunity Employer and Provider <br />