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1-1151
BUILD UIL LIVE
April 18, 2022
Matt Koneali'i-Kleinfelder, Chair
Heather L. Kimball, Vice Chair COUNTYCLERK
Committee On Finance COUNTYOFMAN
County Council RECEIVED
County of Hawaii TImt .(n.
Date APR $ 21 _
RE: Testimony in support of Bill 156
Dear Chair Kaneali'i-Kleinfelder, Vice Chair Kimball, and Members of the County Council,
I would like to submit this letter and written testimony in support of Bill 156, AMENDING
CHAPTER 19, ARTICLE 7, SECTION 19- 53, OF THE HAWAII COUNTY CODE 1983 (2016
EDITION, AS AMENDED), RELATING TO REAL PROPERTY TAX VALUATION; CONSIDERATIONS IN
FIXING.
As proposed, Bill 156 will establish ceiling thresholds or assessed value limits per tax year for
the various property classes as identified in SECTION 2. Chapter 19, article 7, section 19- 53 of the
Hawaii County Code. This measure will protect respective property owners from experiencing
dramatic and unanticipated property tax increases driven by a highly volatile and often speculative
real estate market.
As you are well aware, the business community of our Island is comprised of many long time
locally owned and operated ventures employing a large number of our residents. These same locally
owned and operated businesses are not financed through large corporations and therefore not able
to readily absorb unanticipated expenses associated with the cost of doing business in Hawaii. These
same expenses are often required to be passed on to the consumer in order to ensure financial
viability and resilience. Bill 156 will provide a balance between rising property values and
appropriate tax assessments and help to sustain our local businesses.
Thank you for the opportunity to provided testimony in support of Bill 156 and I strongly
encourage your support and passage of this measure.
Sincerely,
Jason Fujimoto
President & CEO
BUILDING SUPPLY
PHONE 808.966.5466•FAX 806.966.7564
1 166 EIEKAHIWA STREET•KEAM,H196749
Comma, No. � HPMFIAVIAILC0M
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Ref, Data APR 1 9 2022