ORD 2004-143 2002-2004 - Laserfiche WebLink

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thereof, whose use thereof is necessary to the utility of such land, buildings, structures, fences, and improvements, or whose removal therefrom cannot be accomplished without substantial damage to such land, buildings, structures, fences, and improvements, excluding, however, any growing crops. SECTION 2. Chapter 19, article 7, section 19-53 of the Hawai i County Code 1983 (1995 edition) relating to valuation is amended to read as follows: Article 7. Tax Maps; Valuations. Section 19-53. Valuation; considerations in fixing (a) [The] Except as provided below the director of finance shall cause the market value of all taxable real property to be determined and annually assessed by [he market data and cost approaches to value using appropriate systematic methods suitable for mass valuation of properties for taxation purposes, so selected and applied to obtain, as far as possible, uniform and equalized assessments throughout the County. In making such determination and assessment, the director shall separately value and assess[;] within each class established in accordance with subsection (e) of this section: (1) Buildings [(-~F}} In determining the value of buildings, consideration shall be given to any additions, alterations, remodeling, modifications or other new construction, improvement or repair work undertaken upon or made to existing buildings as the same may result in higher assessable valuation of said buildings. (2) All other real property, exclusive of buildings. Exception. The value of land classified and used for agriculture as determined pursuant to sections 19-57 or 19-60 shall be the value of such land for such agricultural use without regard to any value that such land might have for other purposes or uses. The director shall update the agricultural use values at least every five years and shall consult with agriculturalists and/or experts in the Feld when makino such determination The establishment of the agricultural use rate values shall be made in accordance with chapter 91 Hawaii Revised Statutes (b) So far as practicable, records shall be compiled and kept which shall show the methods established by or under the authority of the director, for the determination of values. (c) Whenever land has been divided into lots or parcels as provided by law, each such lot or parcel shall be separately assessed. (d) When a condominium property regime is declared for a property, each unit shall be classified upon consideration of its actual use into one of the general classes in the same manner as land.