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Margaret Wille ,,<'_o�N� <br /> Phone No. Hilo: (808)961-8027 <br /> Council Member cP?•:� `r+.,'., Phone No. Waimea: (808) 887-2043 <br /> District 9-North and South Kohala �" �'"'. Fax No.: (808)887-2072 <br /> � .�;�/ <br /> c. E-Mail: mwille @co.hawaii.hi.us <br /> -rs.r <br /> �r a+ <br /> ••• OF•M►'•-.- <br /> HAWAII COUNTY COUNCIL <br /> County of Hawai`i <br /> -= '_?(--) <br /> Hawai`i County Building Holomua Center West Hawaii Civic Crttier Bldg. <br /> 25 Aupuni Street 64-1067 Mamalahoa Highway,Suite C-5 74-5044 Ane Keohokk ole Hw,y. <br /> Hilo, Hawaii 96720 Waimea, Hawai`i 96743 Kailua-Kona, HawiZi,96740 <br /> • <br /> a - <br /> :O "' <br /> =` <br /> TO: J Yoshimoto, Council Chair <br /> and Members of the Hawai`i County o ncil <br /> 4W <br /> FROM: Margaret Wille, Council Member / <br /> DATE: September 11, 2014 ` <br /> SUBJECT: Real Property Tax Stakeholders Task Force Review.of Bill No. 71 <br /> On November 12, 2013, Finance Committee Chair Valerie Poindexter referred Bill. No. 71 to the Real <br /> Property Tax Stakeholders Task Force (Task Force)to review and report back to the Committee on <br /> Finance. <br /> Bill No. 71 proposes to reduce the number of years required to foreclose on a property for delinquent real <br /> property taxes from three years to two years. It also contains some non-substantive language and <br /> organizational changes to Sections 19-38 and 19-40. <br /> On July 21, 2014 and September 8, 2014, the Task Force reviewed Bill No. 71. Task Force members <br /> pointed out shortening the period to two years will encourage more timely payment of taxes and help to <br /> reduce potential loss of property value through deterioration over time. The members also acknowledged <br /> the change in foreclosure period will not immediately result in a higher volume of properties sold at <br /> foreclosure auction. So as to provide the Administration with some flexibility on the timing of the <br /> disposition of foreclosed properties, the Task force suggests an amendment to change Section 19-38(a)to <br /> say that properties "may" be sold rather than "shall" be sold by way of foreclosure. <br /> The Task Force supports Bill No. 71 with amendments. <br /> Margaret Wille <br /> Co-Chair <br /> Real Property Tax Stakeholders Task Force <br /> MW/dh 210i. <br /> Comm. No. <br /> Ref.To: <br /> Serving the Interests of the People of Our Island Ref. Date SS—1 2 ZQ14 <br /> Hawai`i County Is An Equal Opportunity Provider And Employer <br />