HomeMy WebLinkAboutCOM 0261.001 2012-2014 Margaret Wille ,,<'_o�N�
Phone No. Hilo: (808)961-8027
Council Member cP?•:� `r+.,'., Phone No. Waimea: (808) 887-2043
District 9-North and South Kohala �" �'"'. Fax No.: (808)887-2072
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c. E-Mail: mwille @co.hawaii.hi.us
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HAWAII COUNTY COUNCIL
County of Hawai`i
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Hawai`i County Building Holomua Center West Hawaii Civic Crttier Bldg.
25 Aupuni Street 64-1067 Mamalahoa Highway,Suite C-5 74-5044 Ane Keohokk ole Hw,y.
Hilo, Hawaii 96720 Waimea, Hawai`i 96743 Kailua-Kona, HawiZi,96740
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TO: J Yoshimoto, Council Chair
and Members of the Hawai`i County o ncil
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FROM: Margaret Wille, Council Member /
DATE: September 11, 2014 `
SUBJECT: Real Property Tax Stakeholders Task Force Review.of Bill No. 71
On November 12, 2013, Finance Committee Chair Valerie Poindexter referred Bill. No. 71 to the Real
Property Tax Stakeholders Task Force (Task Force)to review and report back to the Committee on
Finance.
Bill No. 71 proposes to reduce the number of years required to foreclose on a property for delinquent real
property taxes from three years to two years. It also contains some non-substantive language and
organizational changes to Sections 19-38 and 19-40.
On July 21, 2014 and September 8, 2014, the Task Force reviewed Bill No. 71. Task Force members
pointed out shortening the period to two years will encourage more timely payment of taxes and help to
reduce potential loss of property value through deterioration over time. The members also acknowledged
the change in foreclosure period will not immediately result in a higher volume of properties sold at
foreclosure auction. So as to provide the Administration with some flexibility on the timing of the
disposition of foreclosed properties, the Task force suggests an amendment to change Section 19-38(a)to
say that properties "may" be sold rather than "shall" be sold by way of foreclosure.
The Task Force supports Bill No. 71 with amendments.
Margaret Wille
Co-Chair
Real Property Tax Stakeholders Task Force
MW/dh 210i.
Comm. No.
Ref.To:
Serving the Interests of the People of Our Island Ref. Date SS—1 2 ZQ14
Hawai`i County Is An Equal Opportunity Provider And Employer