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~tY DI N,` <br /> <br /> Harry Kim leV;~ William Takaba <br /> Mayor Director <br /> Nancy E. Crawford <br /> ij• ~ „e+:y` Deputy Director <br /> Of •M~J1 <br /> County of Hawaii <br /> Finance Department <br /> 2,5 Aupuni Stree[, Room I IS Hilo, Hawaii 96720 <br /> (808)961-8234 Fex (808)961-8248 O <br /> ~ W <br /> O <br /> October 23, 2003 ~O ~ <br /> ~ C N !T! <br /> ca <br /> Honorable James Arakaki, Chairperson and <br /> Members of the County Council ~ 3 <br /> Hawaii County Council i - <br /> 25 Aupuni Street ~ ' ~ <br /> Hilo, HI 96720 = rv <br /> Dear Chairman Arakaki: <br /> Enclosed is a Bill for an Ordinance amending Chapter 19, article 10, section 19-71 of the Hawaii <br /> County Code, relating to home exemptions. <br /> The purpose of this measure is to create an additional exemption of 20% of the pre-exemption <br /> assessed value, to a maximum of $80,000, for those eligible for the home exemption. We <br /> believe that this new exemption will provide needed tax relief to most homeowners on the Big <br /> Island, particularly younger or lower income families living in areas with rapidly increasing <br /> property values. It will also assist older homeowners on fixed incomes living in similar areas. <br /> Should you have any questions, please contact me. Thank you very much. <br /> Sincerely yours, <br /> William T caba <br /> Director <br /> AP ROVED• . <br /> Harry Ki <br /> Mayor <br /> Enclosure <br /> 3~ 11 I7y Comm. No. <br /> Ref. To: <br /> Ref. Date <br /> <br />