HomeMy WebLinkAboutCOM 0645.039 2020-2022 l_Penal fZ
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Comm.
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April 11,2022
Matt Kanealii-Kleinfelder, Chair
Heather Kimball,Vice-Chair
Committee on Finance
Hawaii County Council
Hawaii County Building
25 Aupuni Street, Hilo, HI 96720
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Re: Bill 126—Special Hearing on the Committee on Finance
Dear Chair Kanealii-Kleinfelder,Vice-Chair Kimball and Members of the County Council, _-
I am a local appraiser, real estate broker and property manager on the Big Island and am concerned the
large increases in the Real Property Tax Assessments will have on the local economy. In the
conversations I have had with landowners and local business they are seeing increases up to and above
100%in their assessments.
I understand the need for increased revenue with the many challenges the County is facing, however,
this unprecedented jump will be on the back of local businesses.
As we come out of the recent COVID crises we are facing large price increases in the cost of doing
business including but not limited to: healthcare, employment,food, oil and materials.
Please consider creating a cap for all property types,similar to the 3%cap that is placed on the
homeowner's class valuations. This provides not only the community the ability to anticipate costs but
also allows the County the ability to better anticipate revenue.
Mahalo,
Garth Yamanaka
Comm No<
Ref. To:
Ref. Doe APR 1 2 2022