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<br /> <br /> <br /> <br /> <br /> <br /> PUBLIC PETITION FOR REAL PROPERTY TAX RELIEF <br /> <br /> <br /> 1 <br /> <br /> Date \ , 2006 <br /> <br /> <br /> To: Mayor Harry Kim; HI County Council; HI County Real Property Tax Division <br /> <br /> I/We petition to have the real property tax process amended to be equitable to those who <br /> do not afford tax assessments based upon inflated market prices. <br /> <br /> Tax basis should be calculated at the price paid for a property with a 1% growth cap for <br /> homeowner's classification, i.e., if one paid $20,000, then he/she would expect that <br /> valuation, but if another paid $200,000 the owner who paid $20,000 and can't afford tax <br /> on $200,000 would not have the basis changed. <br /> <br /> Property saleshurnover and newly permitted development would normally increase the <br /> tax basis which in turn would continue the growth of the county's revenues by those who <br /> both cause and are able to afford it. <br /> <br /> A tax revolt such as California's Proposition 13 in the late 1970's gave similar tax relief <br /> to those who could afford to keep their home at values they paid for them but not at <br /> inflated prices subsequently paid by others. <br /> <br /> Do the right thing and ACT NOW. <br /> <br /> <br /> Signed 4` O ate 1 2006 <br /> <br /> <br /> 1 n / Date 2006 ~yy <br /> TMK 3-1- I Pw~e(9 <br /> TMK 3-1- <br /> <br /> <br /> <br /> <br /> INSTRUCTIONS: COPY THIS FORM AND DISTRIBUTE TO FAMILY, FRIENDS <br /> AND NEIGHBORS. SIGN IN TRIPLICATE AND SEND TO EACH OF THE <br /> PARTIES LISTED. VOICE YOUR SUPPORT FOR FAIR PROPERTY TAXES NOW!! <br /> <br /> Mayor Kim, 25 Aupuni Street, Suite 125, Hilo, HI 96720 <br /> HI County Council, 25 Aupuni Street, Hilo, HI 96720 <br /> HI County Tax Assessor, 101 Pauahi Street, Hilo, HI 96720 A <br /> Comm. hlo. <br /> Ref. Tos r <br /> Ref. Date. <br />