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HomeMy WebLinkAboutREP FC 452 06/13/1984 1980-1984 III . Ail Report Of The - COMMITTEE ON F Y!GAN CE SUBCOMMITTEE ON REAL PROPERTY TAX June 13, 1984 Re: Comm. 1631 • Chairman and Members Hawaii County Council Hilo, Hawaii Your Subcommittee on Real Property Tax, to which was referred Bill No . 1097 relating to the creation of a homeowners class of property, reports as follows : Theur seof Bill No. 1097 is p po - to create e a homeowners class for real property tax rate setting purposes. All properties granted home exemptions would be placed in this homeowners class and taxed at the rate set for the class . The homeowner class is a category for tax rate setting purposes only and is not a classification for the purpose of valuation. The Hawaii State Constitution requires that the policies and methods of assessing real property taxes shall be uniform throughout the state. It does not, however, require uniformity of tax rates . With a homeowner class , each county could provide tax relief for homeowners through the rate setting mechanism. A majority of the counties must approve the creation of such a homeowners class before a differential tax rate can be established in each county Your Subcommittee on Real Property Tax concurs with the intent of Bill No. 1097 and recommends Council ' s approval of this report to be forwarded to the Hawaii State Association of Counties Real Property Tax Comvi ' e. . .,,.m er,4101" • ,..- ,.,, imm (ABSENT & EXCUSED) SP N R K. SCHUTTE, CHAIRMAN JAMES L. K. DAHLBERG, MEMBER LoLik,.0L2h — .` o ` A FRANK DE LUZ III, MEMBER TAKASHI DOMINGO, Mr BER t4---"+""-°. 6 e l .A' 7 / mw TOMIO FUJII, MEMBER HELENE H. HALE, MEMBER kr.,V,,-;# I.-. (24tr-val-op-L„ir., /Alai WILLIAM S. KAWAHA`.&, MEMBER MERLE K. LAI, MEMBER— LA/CRB FC Report No ® 452 Adopted: JUN 20 1984 7