HomeMy WebLinkAboutCOM 0820.011 2020-2022 P Public Near in
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COMN. 820
COUNTY CLERK
COUNTY OF HAWAPI
RECEIVED •
rime g:/0 a.M. By ,iii .,.,{:,
Date MAY 3 1 2' ,
NTC COU PUBLIC HEARING 2022-05-31 2020-22 REAL TAX RATE
Public Hearing-31 May 2022
Building Land Proposed
CURRENT PROPOSED CHANGE % CURRENT PROPOSED CHANGE % CURRENT PROPOSED CHANGE %
Residential Tier One 11.1 11.1 0 0% 11.1 11.1 0 0% 11.1 11.1' 0 0%
Residential Tier Two 13.6 13.55 0.05 0% 13.6 13.55 0.05 0% 13.6 13.55 0.05 0%
Affordable Rental Housing 6.15 5.65 0.5 8% 6.15 5.65 0.5 8% 6.15 5.65 0.5 8%
Apartment 11.7 11.7 0 0% 11.7 11.7 0 0% 11.7 11.7 0 0%
Hotel and Resort 11.55 11.55 0 0% 11.55 11.55 0 0% 11.55 11.55 0 0%
Commercial. 10.7 10.65 0.05 0% 10.7 10.65 0.05 0% 10.7 10.65 0.05 0%
Industrial 10.7 10.65 0.05 0% 10.7 10.65 0.05 0% 10.7 10.65 0.05 .0%
Agricultural or Native Forest 9.35 9.05 0.3 3% 9.35 9.05 0.3 3% 9.35 9.05 0.3 3%
Conservation 11.55 11.55 0 0% 11.55 11.55 0 0% 11.55 11.55 0 0%
Homeowner 6.15 5.65 0.5 8% 6.15 5.65 0.5 8% 6.15 5.65 0.5 8%
I'm in favor of the proposed homeowner rate reduction presented above. Homeowner can use the tax break of approximately 8%with the net effect of the
county property tax revenue stream still remaining positive. Over the past years,the homeowners property tax assessment value have increased at a rate of
3%per annual and the 8%will help to reduce and offset the county excess property tax revenues being generated by the increasing property tax assessment
value. Applying the same logic of evaluating the property tax assessment increases in value and reduction in tax rate while still maintaining a small positive
revenue stream would warrant tax rate cuts across the board. I believe more can be done to bring the county property tax revenue in line and without
having generating a large excess in funds balance.
The county overall fiscal year end surplus in funds accumulated over the past fiscal years needs to be addressed,and a tax refund should also be enacted, o
similar to the state initiative,to bring the past fiscal years excess funds balance to$0,and funds returned to the people of this county due to over taxing
practices and county poor performance of serving the public in the governmently inherent function and protecting the public interests and trust.
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Comm. No. g10.1 I
Ref. To: P Pit co uncoil
Ref. Date MAY 3 1 2022