RES 158 Draft 01 2020-2022 - Laserfiche WebLink

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The Backup Special Tax for a TMKParcel shall not change once a TMK Parcel is classified as Developed Property; provided, however, that the Backup Special Tax on a TMK Parcel of Developed Property shall increase each July I by an amount equal to two percent (2.0/) of the amount in effect for the prior Fiscal Year. 3) Multiple Land Use Classes on a TMK Parcel In some instances, a TMK Parcel of Developed Property may contain more than one Land Use Class. The Maximum Special Tax levied on such TMK Parcel shall be the sum of the Maximum Special Tax for all Units of Single Family Property and Acres of Other Residential Property and Non -Residential Property (based on the pro rata share of Square Footage between Other Residential Property and Non -Residential Property, according to the applicable Building Permits, Final Plat Map, parcel map, condominium plan, or other recorded County map) located on that TMK Parcel. b. Final Mapped Property, Undeveloped Property, and Taxable Property Owner Association Property The Maximum Special Tax for Final Mapped Property, Undeveloped Property, and Taxable Property Owner Association Property in Tax Zone 1 shall be $11,298 per Acre in Fiscal Year 2021-22, which amount shall increase on July 1, 2022, and each July 1 thereafter by an amount equal to two percent (2.0%) of the amount in effect for the prior Fiscal Year. 2. Tax Zone 2 a. Developed Property No Special Tax shall be levied on Developed Property in Tax Zone 2. b. Final Mapped Property, Undeveloped Property, and Taxable Property Owner Association Property The Maximum Special Tax for Final Mapped Property, Undeveloped Property, and Taxable Property Owner Association Property in Tax Zone 2 shall be $22,596 per Acre in Fiscal Year 2021-22, which amount shall increase on July 1, 2022, and each July 1 thereafter by an amount equal to two percent (2.0%) of the amount in effect for the prior Fiscal Year. Hawai'i County CFD No. 1-2021 11 June 23, 2021