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COUNTY OF HAWAIII STATE OF HAWAIII OVA" BILL NO. 128 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 6, SECTION 19-46.1, AND ARTICLE 11, SECTION 19-90, OF THE HAWAFI COUNTY CODE 1983 (2016 EDITION, AS AMENDED), RELATING TO REAL PROPERTY TAXES. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAI`I: SECTION 1. Chapter 19, article 6, section 19-46.1, of the Hawaii County Code 1983 (2016 Edition, as amended) is amended to read as follows: "Section 19-46.1. Residential tax rate tiers. Notwithstanding any provision to the contrary, [two] three tiers of tax rates for properties classified as residential is established. The tax rates for the [two] three tiers shall be established by the council in accordance with section 19-90." SECTION 2. Chapter 19, article 11, section 19-90, of the Hawaii County Code 1983 (2016 Edition, as amended) is amended by amending subsection (f) to read as follows: "(f) Residential tax rate tiers. (1) Notwithstanding any provision to the contrary, the council shall establish a separate tax rate each for the residential tier one property [and], residential tier two property, and residential tier three pLopea, as defined below. The tax rates shall be applied as follows: (A) The tax rate established for the residential tier one property shall be applied to the net taxable real property value under $2,000,000. (B) The tax rate established for the residential tier two property shall be applied to the net taxable real property value of $2,000,000 [er-mer-e;] to 4 000 000. The tax rate established for the, residential tier three property shall be applied to the net taxable real property value of more than. $4,000,000. (2) For the purposes of this section[;]: "[�] Residential tier one property" shall mean all property, or portions thereof, other than a residential tier two or tier three property, within the residential class. "Residential tier two property" shall mean a property, or portion thereof, which: