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