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PUBLIC PETITION FOR REAL PROPERTY TAX RELIEF <br /> Date ~ f , 2006 <br /> To: Mayor Harry Kim; HI County Council; HI County Real Property Taa Division <br /> I/We petition to have the real property tax process amended to be equitable to those who <br /> do not afford tax assessments lensed upon inflated market prices. <br /> Tax basis should be calculated at the price paid for a property with a 1% growth cap for <br /> homeowner's classification, i.e., if one paid $20,000, then he/she would expect that <br /> valuation, but if another paid $200,000 the owner who paid $20,000 and can't afford tax <br /> on $200,000 would not have the basis changed. <br /> Property sales/turnover and newly permitted development would normally increase the <br /> tax basis which in turn would continue the growth of the county's revenues by those who <br /> both cause and are able to afford it. <br /> A tax revolt such as California's Proposition 13 in the late 1970's gave similaz tax relief <br /> to those who could afford to keep their home at values they paid for them but not at <br /> inflated prices subsequently paid by others. <br /> Do the right thing and ACT NOW. <br /> Signed Date I " ~ , 2006 <br /> r <br /> / Date ~ , 2006 <br /> TMK 3-I-~_- X28 -~.~Q_ <br /> <br /> TMK 3-1- - - <br /> INSTRUCTIONS: COPY THIS FORM AND DISTRIBUTE TO FAMILY, FRIENDS <br /> <br /> AND NEIGHBORS. SIGN IN TRIPLICATE AND SEND TO EACH OF THE <br /> <br /> PARTIES LISTED. VOICE YOUR SUPPORT FOR FAIR PROPERTY TAXES NOW!! <br /> <br /> Mayor Kim, 25 Aupuni Street, Suite 125, Hilo, HI 96720 <br /> <br /> HI County Council, 25 Aupuni Street, Hilo, HI 96720 <br /> <br /> HI County Tax Assessor, 101 Pauahi Street, Hilo, HI 96720 .+"1 ~.3~ <br /> Comm. No..~--~~- <br /> ReP. To: ~ <br /> Ret. t>e'n.A?R 1 8- <br /> 0 <br /> ~ <br /> <br />