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<br /> (12) The rate and method of apportionment pursuant to which the first year's <br /> special assessment is to be levied, is as follows: <br /> (A) Parcels of land within Zone 1, will be assessed the rate of $1.75 for <br /> every $1,000 of "Total Net Taxable Value" of each parcel of land, <br /> as indicated on the County of Hawaii Real Property Tax <br /> Assessment list prepared for the tax year corresponding with the <br /> applicable tax year. The rate of assessment applicable to each <br /> parcel of land in Zone 1 shall be called "Zone 1 Rate;" <br /> (B) Parcels of land within Zone 2, will be assessed the rate of thirty- <br /> three and one-third percent (33-1/3%) of the Zone 1 Rate; <br /> (C) All residential condominium apartments within the District will be <br /> assessed at the Zone 2 Rate; <br /> (D) Parcels of land within Zone 1 and Zone 2 that contain asingle- <br /> family residence or condominium apartment with a homeowner's <br /> exemption on file with the Hawaii County real property tax office, <br /> will be assessed at the flat annual rate of $100 or the actual real <br /> property tax assessment whichever is the lesser amount. The <br /> annual assessment amount as determined above shall remain the <br /> same and shall not increase throughout the entire term of the <br /> improvement district; provided, however, that the annual rate for a <br /> single-family residence or condominium apartment that is hereafrer <br /> sold, shall be reassessed and recalculated for the remaining term of <br /> the District ;and <br /> (E) The following parcels of land shall not be levied special <br /> assessments: <br /> (i) Parcels of land owned by the United States, the State of <br /> Hawaii and the County of Hawaii; provided, however, <br /> that property and leases of government property subject to <br /> real property taxation under Sections 19-84, 19-85 and 19- <br /> 86 of the Hawaii County Code shall be assessed under this <br /> District Plan. <br /> (ii) Parcels of land that are exempt from the payment of real <br /> property taxes under Section 19-77 of the Hawaii County <br /> Code because of use for charitable purposes, but only so <br /> long as such parcels are exempt from the payment of real <br /> property taxes. <br /> 3 <br /> <br />