Laserfiche WebLink
G <br />COUNTY OF HAWAII ,s. STATE OF HAWAII <br />b <br />ORDINANCE NO. <br />BILL NO. 174 <br />Draft 2 <br />AN ORDINANCE AMENDING CHAPTER 19 OF THE HAWAII COUNTY CODE 1983 <br />(1995 EDITION), REAL PROPERTY TAXES, RELATING TO HOME EXEMPTIONS. <br />BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br />SECTION 1. The purpose of this measure is to amend section 19-71, home exemptions, <br />by creating an additional exemption of 20% of the pre -exemption assessed value to a maximum <br />of $80,000 for those eligible for homeowners exemption. <br />SECTION 2. Chapter 19, article 10, section 19-71, of the Hawaii County Code 1983 <br />(1995 edition), is amended to read as follows <br />Section 19-71. Homes. <br />(a) Real property owned and occupied as a principal home as of the date of assessment shall <br />be exempt to the following extent from property taxes: <br />(1) Totally exempt where the value of the property is not in excess of $40,000; <br />(2) Where the value of the property is in excess of $40,000, the exemption shall be <br />the amount of 40,000. <br />Provided: <br />(A) That no such exemption shall be allowed to any corporation, <br />co -partnership, or company; <br />(B) That the exemption shall not be allowed on more than one home for any <br />one taxpayer; <br />(C) That where the taxpayer has acquired his or her home by a deed made on <br />or after July 1, 1951, the deed shall have been recorded on or before <br />