COM 0647.008 2002-2004 - Laserfiche WebLink

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• 00-40 • (3) For each parcel of land within BID Precinct No. 3, at the rate of twenty-five percent (25$) of Precinct No. 1 Rate. (iii) The Assessments for subsequent Fiscal Years shall be made in accordance with Revised Ordinances of Honolulu (1990) section -3.2. (iv) The following parcels of land shall not be assessed under this Plan: (1) Parcels of land that are classified by the City for real property tax purposes as "improved residential," "unimproved residential," or "apartment;" provided, however,-that any parcel of land or any condominium apartment that is classified "improved residential," "unimproved residential," or "apartment" on the basis that it is a "transient vacation unit" that has a "nonconforming use certificate" under the City's zoning code, shall be assessed under this Plan. (2) Parcels of land owned by the United States or the State of Hawaii; provided, however, that property and leases of government property subject to real property taxation under Revised Ordinances of Honolulu (1990) sections 8-10.17, 8- 10.18 and 8-10.19, shall be assessed under this Plan. (3) Parcels of land that are exempt from the payment of real property taxes under Revised Ordinances of Honolulu (1990) section 8- 10.10(b)(3) because of use for church purposes, but only so long as such parcels are exempt from the payment of real property taxes. (4) Parcels of land that are exempt from the payment of real property taxes as set forth in Hawaii Revised Statutes Chapter 239, but only so long as such parcels are exempt from the payment of real property taxes. (v) Parcels of land owned by the City shall be assessed under this Plan. The Assessment on City land, no matter its Assessed Value, for the first Fiscal Year shall be $73,000 less the Kalakaua maintenance credit provided under Section 4 of Ordinance 00-_ The Assessment on City land for each subsequent Fiscal Year -9- 00-40