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8/30/2004 3:32 PM FROM: Fax WOODWARD-RICE ASSOCIATES TO: 961-8912 PAGE: 002 OF 002 <br />CLAUDIA, WOO DWARD-RICE <br />(808) 9 3-j:23 phone/ 963-6889 fax <br />email: rcesofhKccD.hilobay.com <br />20, 2004 <br />Councilman Dr. Fred Holschuh <br />and members of the Hawaii County Council <br />25 Aupuni Street <br />Hilo, 196720 <br />Attn: inance Committee <br />Re: <br />,',Is 174, 176, 176 and 177 <br />Dear Dr. Fred: <br />s <br />v <br />I amriling in support of the Bills listed above, all of which offer amendments to - <br />Chapt r 19 of the Hawaii County Code relating to Real Property taxes. <br />These Bills offer homeowners important options and methods to protect themselves <br />from tl ie pressures of increased real property taxes. The rapid increase in market <br />valuat ons caused by speculation and demand on Hawai'i Island, and the delay in <br />consic eration of these Bills, have worked together to result in abrupt tax increases. <br />The cl iange in implementation of Rule 7 was a necessary step to acknowledge the <br />growir g misuse of agricultural lands for residential development. Increases in <br />valuat ons are hot confined to rural areas, and all homeowners can use the relief offered <br />by the a Bills. <br />The mitigation offered by Bills 174, 175, 176 and 177 is an important part of the overall <br />tax reilorm package offered by this administration and I urge you to adopt them. <br />&4L, - <br />Woodward -Rice <br />F. 4L, -.f tY'QS.itl 'i�"44h.^ <br />Woodward -Rice <br />Comm. No. 39 t4• -7 <br />Ref. To: -P—r�serbd <br />Ref. Date AUG 3 1 7001 <br />