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2019 Tax Board of Review Annual Report 5 <br /> recommendation made by the Review Group that the Non-Speculative Residential <br /> Program be repealed. The Board believes the Non-Speculative Residential Program <br /> is no longer needed because the homeowners class, exemptions and other programs <br /> have taken its place. Any changes in the Hawaii County Code should include a <br /> provision whereby the frozen base value of each affected parcel for the first year be <br /> the lowest of: <br /> a. the frozen value; <br /> b. the market value; <br /> c. the 2004 market value times three percent (3%) a year until present if the <br /> property had the same owner since 2004; or <br /> d. the market value of the property at the time of purchase after 2004 times three <br /> percent(3%) per year until the present. <br /> 2. The Board highly recommends that the Hawaii County Code be amended for <br /> refunding or non-refunding of the $50.00 appeal filing fee as follows: <br /> a. Option 1: <br /> • Non-refundable appeal filing fee for cases that are withdrawn by the <br /> taxpayer. This will help in eliminating appeals that are filed with no merit. <br /> • Non-refundable appeal filing fee for cases that have their values sustained <br /> by Board decision. <br /> • Refundable appeal filing fee for cases that ruled by the Board in favor of the <br /> taxpayer with the difference in valuation being twenty percent (20%) or <br /> more. <br /> b. Option 2: <br /> The current code be amended to`change the $50.00 appeal filing fee to be non- <br /> refundable. <br /> Close <br /> Chairperson's Comments <br /> (No comments provided) <br />