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. 5f9S!!N t~~~F4~~ <br /> ~'atilij~ 17rive <br /> 9503A , <br /> ~ r . f <br /> ~0i1 1~ <br /> - <br /> L„ <br /> f°,C~UN~Y ir~i` U!'~W``f~ <br /> November 15, 2001 <br /> To all members of the I-Iawaii County Council Finance Committee. <br /> I strongly oppose Bill 121. <br /> <br /> Bill 121, if passed, would increase the levy rate for properties with assessed valuation below $10,000. That <br /> is NOT a more equitable distribution of County revenue collections. <br /> If there is a proven shortfall in revenues, the first thing to do is cut back the cost of government in every <br /> way possible. If, after cutting back, there is still a shortfall, then the levy rate for all real estate should be <br /> increased across the board to provide the required revenue as is provided in Chapter 19, Article 11, <br /> Section 19-90(c) of the Hawai'I County Code. And specifically as set forth in the following Section 19-90 <br /> (c) sub-paragraphs: <br /> (3) The amount of revenue to be raised from net taxable buildings within each class shall be divided by the <br /> net taxable value of buildings in that class to determine the tax rate which shall be expressed in terms of tax <br /> per $1,000 of net taxable buildings computed to the nearest cent. <br /> (4) The amount of revenue to be raised from net taxable lands within each class shall be divided by the net <br /> taxable value of lands in that class to determine the tax rate which shall be expressed in terms of tax per <br /> $1,000 of net taxable lands computed to the nearest cent. <br /> The ADDITION of a minimum tax in Section 19-90(g) is effectively double taxation and should be <br /> challenged in court. In any event it places an improper and totally unfair burden upon a segment of the total <br /> real estate least able to bear the burden. <br /> Sincerely, <br /> Susan Diehm Boyd ~ <br /> Tax Key Number: 1-2-011-083-0000 <br /> ~~m. <br /> I <br /> a3~ <br /> <br />