HomeMy WebLinkAboutCOM 0172.007 1996-1998
/~-1. 15. 8 i 09: 1~ $808 8 i a 0111 C.a1IPBELL ESTdTE _ ~ 001 ~ 002
THE ESTATE OF JAMES CAMPBELL
1001 Kamokila Blvd * Kapolei, HI 96707
Faz No: (808) 674-3111 ~ _ . -
'97 APi~ 15 F') 9 10
FACSIIvIILE TRANSMITTAT, CO~fv- .
COUNTY UF~ 1-IqV?qll
DAB; April 15, 1997
TO: Aaron Chung
COMPANY:
FAR 1VUMBEIt: 969-3291
Bill 51, Relating to Real Property Taxation
FROM: James W. Stanney
Number of pages (including cover sheet): 2
Hazd copy to follow: Yes ? No
if yon do not receive all of the pages, please call Diane at (808) 674-3139 as soon as possible.
Comments: Testimony for Finance Committee Meeting today at 10:30 a.m.
_N 7247
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dlfN 2 7 1997
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THt ESTATE OF J~3~1.1ES CAi14PBELL
Apri115, 1997
T'he Honorable Aaron Chung, Chair
and Committee Members
Committee on Finance
Hawau County Council
Hilo, HI 96720
Dear Chair Chung:
Bill 51 Relating to Real Pro~ierty Taxation
On behalf of the Rstate of James Campbell, we would like to express some concern over the
sections pertaining to dedication renewals. We feel that the use of dedications was intended to
demonstrate a commitment to a specific use, in our case, agriculture. Further, we believe chat
once an owner or tenant has satisfied the original term of a commitment, they should benefit
and not be penalized. The proposed amendments would force these surviving entities into a
position which is more detrimental than someone who has made little or no commitment to that
use. This detriment takes the form of the roll-back tax burden that could occur from a breach
of the dedication. For example, uuder the proposed amendments, an owner of dedicated land
who has been farmittg for 15, 25, 35.... years and must cease operations is in the same
position as someone who has only been farming for 5 years. Further, this same farmer faces a
penalty larger than someone who has been in operation for less than 5 yeazs. This hardly
seems fair. The existing ordinance addresses this concern by allowing the survivor of a
dedication to automatically renew annually fora 1-yeaz period.
Additionally, in the current rapidly changing technological and financial environment,
requiring someone who has already satisfied a 10- or 20-year commitment to re-dedicate for a
similaz period may force them out of business sooner rather than later. While we have not
faceed this situation on Hawaii, we have had this type of experience on Oahu. By maintaining
the year-to-year extension, a company has a greater chance of remaining in business for a few
more yeazs, where a 10- or 20-year commitment would have terminated their existence for
sure.
Thank you for your consideration.
Very tnLly yours,
James W. Stann y
Manager, Appraisal Services
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`uui Kmr.okila l7nukwr~i. K'.tp0lei. 1 bwp;i 9671'1 i Phon<'H08) 674-667J racsimilc (fl4R) G71-3111