BIL 035 Draft 01 2016-2018 - Laserfiche WebLink

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COUNTY OF HAWAII : I STATE OF HAWAII • • BILL NO. 35 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 11, SECTION 19-90(e), HAWAII COUNTY CODE 1983 (2016 EDITION, AS AMENDED) RELATING TO THE MINIMUM TAX. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. The CountyCouncil of Hawai`i Count in seekingto create a more Y� equitable distribution of County revenue collections amongst all property owners, increases the minimum tax and the minimum tax of graduated scale based assessments. SECTION 2. Chapter 19, Article 11, Section 19-90, Hawai`i County Code 1983 (2016 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-] 200 per year, except under the following conditions: (1) If the property owner receives a home exemption or totally disabled veteran exemption resulting in the minimum tax, and the assessed value of 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]150. (ii) Property with improvements assessed at $25,001 to $50,000 the minimum tax shall be $[50]100. (iii) Property with improvements assessed up to $25,000 the minimum tax shall be $[25]50. (2) If the property is assessed at a market value of less than.or equal to $500, it shal-l--be-taxed-at-a-ni-nimu . : ] no tax shall be applied. SECTION 3. Material to be repealed is bracketed and stricken. New material is underscored. In printing this ordinance, the brackets, bracketed and stricken material and underscoring need not be included.