2022-09-27 Minutes - Laserfiche WebLink

Home

Seeing no further discussion, Mr. Okumoto withdrew his motion. Ms. Blancett-Maddock moved return to the assessed land value of 2021 $8,565,500 and raise the assessed building value to $500. Mr. Harano seconded the motion. Ms. Blancett-Maddock stated her comments are the community needs to keep the theatre, with a small increase in revenue with better attendance will do better this next year. Mr. Harano stated he firmly believes the cinema does add tremendous value to the community as a social benefit to families. Understand COVID is still present, believes the Center for Disease Control has taken COVID off the list and no 6’ distance and hopefully it keeps the family unit together and keeps people out of trouble. Mr. Okumoto stated the discussion is getting beyond real property tax valuation and getting into community benefit and gets beyond the scope of this committee. Reminded Kona Board members that there is another theatre in Kona. Not sure any kind of reduction benefits in the long run. Instead of putting forth different numbers. Ms. Blancett-Maddock stated going back to 2021 figure for the land and raising the assessed building value that was voted on in 2021 and increasing to $500 which is a fair assessment. The community interest based comments were not the basis of my motion. Mr. Harano to Mr. Okumoto – would you be opposed or in favor of modifying the values. Mr. Okumoto stated he needs to know the basis for the modification. Appraiser Supervisor asked for clarification from Sinclair, if the Board deadlocks, what the value would be the current assessment as of 1/1/2022 OR the County’s recommendation. She thought it would be the county’s recommended value. Assistant Administrator stated no decision means the County higher assessment stands which is higher than the County’s recommendation. Sinclair thought if the Board could not agree, then County’s recommendation stands. County Assistant Real Property Tax Administrator, Real Property Tax Administrator and Appraiser Supervisor disagreed by stating if the Board does not agree on a motion, then the County is bound to the March 2022 assessment which is higher than the recommended value. Appellant stated that he understands the land value of $10,279,500 as the land is the only thing worth anything. As a theatre, the property is only worth approximately $2 million. An appraisal principal value would be as vacant land. The value of the theatre will never get up to what the land value is. Mr Okumoto asked him to repeat that. Mr. Yancey is recommending a land value of $10,279,500 and improvements at $100. Ms. Blancett-Maddock withdrew her motion. Mr. Okumoto made a motion to change the assessments so that it is the same as last year. $8,565,400 and $100 for a total assessment of $8,565,500. As this is the same motion Mr. Harano made earlier, Sinclair stated this motion was made earlier and his motion would need a modification. Mr. Okumoto restated the motion with the building value $200. Ms. Blancett-Maddock seconded the motion.