Laserfiche WebLink
SECTION 6. This ordinance shall take effect on July 1, 2021; provided that <br /> those properties dedicated to nonspeculative residential use at the time this ordinance <br /> takes effect that are then assigned to the homeowner class and taxed at the homeowner <br /> tax class rate shall be assessed at the affected property's 2021 assessed value through the <br /> 2022 real property tax year, unless the affected property's market value for the 2022 real <br /> property tax year decreases from the 2021 assessed value for the affected property, in <br /> which case the decreased market value shall be applied for the 2022 real property tax <br /> year. <br /> INTRODUCED BY: <br /> COUNCIL MEMBER, C TY OF HAWAII <br /> Hawaii <br /> Date of Introduction: <br /> Date of 1 st Reading: <br /> Date of 2nd Reading: <br /> Effective Date: <br /> REFERENCE Comm. 152 <br /> 6 <br />