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+--- Thread: it's the "assessed value game" time already (/showthread.php?tid=18078)
it's the "assessed value game" time already - kalakoa - 02-13-2017
http://www.hawaiitribune-herald.com/news/local-news/financial-balancing-act-kim-says-higher-taxes-not-option-offset-expected-budget-gap
Even without a property tax increase, rising property values could bring in more revenue because property owners pay more based on the rising values of their property. It will be another couple of weeks before county officials have a good grasp of property values.
Translation: they haven't worked out what property "valuation" results in an extra $12M to cover the budget shortfall.
Meanwhile, that $100M bond is already spent.
This one is also funny:
It costs the county $13 for each fixed-route rider each way, while riders pay $1 to $2, depending on their age, disability and whether they buy tickets in bulk. While eliminating the fare would have an only moderate impact on county finances, it could make a big difference for Puna commuters who spend $400 to $500 annually in gas to get to their jobs at Kohala resorts
Too bad there's no way to create some kind of "affordable" housing outside of Puna.
RE: it's the "assessed value game" time already - punaticbychoice - 02-13-2017
This is, without a doubt, the strangest place I've ever lived.
As I've said before, it's Kafkaesque here.
RE: it's the "assessed value game" time already - alaskyn66 - 02-14-2017
If they are looking for ways to save money ... start with their own office.a lot of county jobs could be contracted out Instead of paying employees vacation.. sick pay... overtime..pensions..holiday pay... or paying them if they are somehow disabled and not working but still getting paid.
Sorry.... My spellcheck is mildly
RE: it's the "assessed value game" time already - kalakoa - 02-14-2017
county jobs could be contracted out
Like mailing your property taxes to Washington, because they obviously need the jobs there, what with all the tech industry layoffs.
Bonus round: how much does it cost to assess, bill, and collect the property tax? If it's more than $25, County loses money on resident homeowners whose properties are fully exempted.
RE: it's the "assessed value game" time already - randomq - 02-14-2017
quote:
Originally posted by alaskyn66
If they are looking for ways to save money ...
They'll do a 2 million dollar study on it and get right back to you!
RE: it's the "assessed value game" time already - Durian Fiend - 02-15-2017
Changing the bus fare from cheap to free still wouldn't get many more people out of their cars. $400 to $500 annually on gas isn't much for someone with a Kohala job.
RE: it's the "assessed value game" time already - Durian Fiend - 02-15-2017
quote:
Originally posted by kalakoa
Bonus round: how much does it cost to assess, bill, and collect the property tax? If it's more than $25, County loses money on resident homeowners whose properties are fully exempted.
One of the reasons why no one should be fully exempted, IMO.
RE: it's the "assessed value game" time already - kalakoa - 02-15-2017
One of the reasons why no one should be fully exempted
Again: I would be willing to pay more if it resulted in actual services being provided.
For what value I actually receive from County, $25 seems fair.