Ka Hoku o Hawaii, Volume XXVII, Number 37, 1 April 1936 — LAND VALUE DROP MAY RAISE TAXES [ARTICLE]

LAND VALUE DROP MAY RAISE TAXES

A decline in the assessed values of taxable lands on the island of Ha\yaii and large areas o£ waste land caused by voleano flows o£. the past contributu to make the Big Island's real property tax rate the heaviest in the Territory, and hcavier this year Uian any tim.e in the past, it was revealed Thursday by Tax Commisfcioner J3orthwick,

Whereas the real property rate for Hawaii last year was $47.58 for every $1,000 valuatiou, the 1936 rate will approximate $50.50. Au oiīieial

computation of the rate may reduce ,this figure slightly but it will not <lrop bclow the $50 maik, it was indicated yesterday.

. While other counties ■will have approxinidtely. tha same rate as last year Oahu's rate per $1,000 valuation will increase soraewhat, although the increase will not be more than $1 over last year's figure. The Oahu rate on property last year was $29.94 is likely that will approximate $30.50 this vear or possibly $31, although Borthwick yesterday predicted the increase would be almost negligible.

Valtiations on this Island have increased almost $1,000,000 during the past year, Borthwick said, offsetting tho fncreased r«quirements of eounty sovemment.