COM 0942.001 1996-1998 - Laserfiche WebLink

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'V OF 00 • .d y4 Stephen K. Yamashiro Ham' A. Takahashi Mayor DveROr ir4.-•' +.;;;•~,a~ S.K. Schulte Deputy CaunfV of chavaii DEPARTMENT OF FINANCE-REAL PROPERTY TAX 865 Piilani Street • Hilo, Hawaii 967204679 Fax (808) 9618415 Appraiser. (808) 961-8354 • Clerical (808) 9618201 • Collections (808) 961-8282 August 12, 1998 To: Harry Takahashi, Finance Director Thru: Gary Kiyota, Real Property Tax Administrator From: Mike McCall, Valuation Analyst 4 Re: Tax Credit on TMK 7-9-012-003 I reviewed the memo I gave to Gary Kiyota on June 23rd regarding the payment of taxes by 1250 Oceanside Partners on the above parcel. It appears that a communication error has been made regarding the amount of taxes which should be credited or refunded. Based on a request from the taxpayer, Gary asked me to research the ownership problem and any resulting overpayment in taxes on the parcel. I requested that the mapping personnel on Oahu research the ownership question by reviewing the former maps. They determined that the claim by the taxpayer was correct, and that the State of Hawaii did in fact own the 9.42 acres. They were also able to determine that the parcel straddled the LUC district line, leaving it with 8.30 acres in conservation and 1.12 acres in agriculture. Using the above breakdown, I calculated the assessed value of the 9.42 acres for the tax years 1990/91 through 1997/98. For the 1998/99 tax year the ownership was corrected to show that the State was the owner. The total taxes paid on the parcel by 1250 Oceanside Partners for these years totaled $41,105. But the amount to be credited is only $ 4-463. the amount of taxes on the 9.42 acres only. It appears that an error was made in the transmittal of this number to you. Attached is my worksheet showing the calculation for the proration of the assessed values and taxes for the affected years. If there is anything else you need please give me a call (ext. #8260).