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"Improved residential" and "lJnimproved residential" are two specific <br /> classifications of land subject to taxation under Article 11, Section 19-90, <br /> at levy rates established by the Hawaii County Council. these levy rates, <br /> expressed in dollars per 1,000 dollars of assessed valuation (AV), apply to all <br /> properties within these two classif cations without regard to the amount of <br /> the assessed valuation of the land subject to taxation. <br /> `The "minimum tax" is discriminatory. <br /> If dill 121, Oraft 3, is approved, the levy rate on a ;$3,000 "Improved <br /> residential" lot will be raised from $x.50 per $1,000{AV) to X33.33 per <br /> ~ 1,000(AV) While a ~ 50,000 lot would have no increase in its levy rate. <br /> for an extreme example (at current levy rates): A $10,000 "Improved <br /> residential; lot would be taxed X35 at $x.50 per $1,000(AV). but a <br /> ~ 100(AV) property taxed at the current X25 minimum would be taxed at an <br /> effective -levy rate of X250 per ~ 1,000(AV) levy rate almost 30 times <br /> higher. the owner of a X100{AV) lot is being taxed at 25®/~ of the current <br /> value of his land. <br /> <br /> fi axation of properties, within a given classification, at an equal levy rate for <br /> all assessed valuations is fair taxation everyone pays their fair share. <br /> both the ~lawaii County Council and the Administration have expressed their <br /> intent to revamp Chapter 19 of the Hawaii County Code. Now is the time to <br /> clarify this important issue. <br /> Sincerely <br /> Oon Jacobs <br /> Copies to: Mayor Harry Kim and the Council <br /> <br />