BIL 267 Draft 01 2008-2010 - Laserfiche WebLink

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IV OF h COUNTY OF HAWAII o -%r, :- STATE OF HAWAII BILL NO. 267 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 11, SECTION 19- 90(e), HAWAI`I COUNTY CODE 1983 (2005 EDITION, AS AMENDED) RELATING TO THE MINIMUM TAX. SECTION 1. The County Council of Hawai`i County, in seeking to create a more equitable distribution of County revenue collections amongst all property owners, removes the graduated scale based assessments finding no difference in the consumption of county service between those paying at least the minimum tax and those on the graduated scale. SECTION 2. Chapter 19, article 11, section 19 -90, Hawai`i County Code 1983 (2005 edition, as amended), is amended by amending subsection (e) to read as follows: (e) Notwithstanding any provision to the contrary, there shall be levied upon each individual parcel of real property taxable under this chapter, a minimum real property tax of $100 per year, except [under-the-following conditions: - - .:: rty owner receives a home exemption or totally disabled veteran improvements is less than or equal to $75,000, then, the minimum tax for this property shall be as follows: (i) Property with improvements assessed at $50,001 to $75,000 the minimum tax shall be $75. • - • -- - -.. -. -. . - 1,11 e . - minimum tax shall be $50. (iii) Property with improvements assessed up to $25,000 the minimum tax shall be $2--5, (2) If ] that if the property is assessed at a market value of less than or equal to $500, it shall be taxed at a minimum tax of $25.