2022-09-27 Minutes - Laserfiche WebLink

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Ms. Blancett-Maddock stated even though the market trend increase 31% between 2020 to - 2021, the County recommended reducing the assessed value. Mr. Harano agreed with Mr. Okumoto on the search area. Every district has it’s own unique features and I would not compare with properties for example of similar size on the West side on the island as its totally comparing apples to oranges therefore I agree with Mike, the search was too wide The search should have been tighter in terms of area. Mr. Harano called for further discussion. Motion passed by a vote of 3:0 to sustain the building value of $219,900. Ms. Doe questioned what $219,900 is valuing as not all buildings were there at the end of the year. Appraiser offered to speak to them outside. CASE #44561 – FURUTANI, REID Y/LYNNE E TMK 2-2-035-069-0000 The building is comprised of an office, warehouse and service areas totaling 4,926 square feet. The property is located on Kanoelehua Avenue. The 2022 building value is under appeal. The appellant, Mr. Furutani, was present for the hearing and stated he is here to keep his overhead low requesting a building value of $359,500. Documentation from the appellant was provided to the Board. Appraiser presented the County’s case and stated she understands where Mr. Furutani is coming from but explained Real Property is required to follow the code and be at market value. County recommended sustaining the building value of $526,700. Board members reviewed the information. Mr. Harano asked if there were any questions from the Board to the County or appellant? Seeing none he asked for a motion for discussion purposes. Ms. Blancett-Maddock moved to sustain the county’s building value of $526,700 as the appellant did not show there was a lack of uniformity or inequality resulting from the use of illegal assessment methods or an error in the application of the methods. Mr. Okumoto seconded the motion. Mr. Harano asked for discussion. Mr. Okumoto stated the appellant’s main objection is the large percentage increase, unfortunately that is the market today. There were many appellants before you that voiced that same objection, but this reflects what’s happening in the economy today and unfortunately the county has to assess at the market. Appellant stated if this keeps happening, somethings gotta give. Something is going to bust. Something gotta give. Mr. Okumoto stated this is happening all over. Appellant stated you don’t see BOOM here. I don’t know why its like that. Mr. Harano stated looking at your property looking at the pictures as compared to the comps that were used, I understand your point and know where you are coming from. Looking at these other properties, they were subject to deferred maintenance, your property seems like it’s in a lot better condition than these other two that sold for more than what you might deem as fair market value. Everything is in a bubble world wide. Something does have to give.