BIL 044 Draft 01 2016-2018 - Laserfiche WebLink

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Jt -4 OF j" CP'L • COUNTY OF HAWAII STATE OF HAWAII BILL NO. 44 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 10, HAWAII COUNTY CODE 1983 (2016 EDITION, AS AMENDED), BY ADDING A NEW SECTION RELATING TO EXEMPTIONS FROM REAL PROPERTY TAX FOR PARCELS CLASSIFIED AS RESIDENTIAL, APARTMENT, COMMERCIAL, AND INDUSTRIAL. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. Findings and purpose. The Council finds that it is necessary to raise property tax rates beginning in fiscal year 2017-2018 in order to satisfy the revenue needs of the County of Hawaii. The purpose of this amendment is to help protect low and middle-income individuals, families, and business owners from the potential hardship that this increase in taxes might cause. This will be done through the creation of new, automatic exemptions that will apply to all properties classified as Residential, Apartment, Commercial, and Industrial. These exemptions will help decrease the tax burden on lower income families in a manner consistent with the needs of the County of Hawaii. SECTION 2. Chapter 19, article 10, Hawaii County Code 1983 (2016 Edition as amended) is amended by adding a new section to be appropriately designated and to read as follows: "Section 19- . Exemptions from Real Property for properties classified as Residential, Apartment, Commercial, and Industrial. La) Real property in the following classifications pursuant to section 19-53, shall qualify for the specified exemptions from totalro�ss property value: (1) Residential - $ 30,000 (2) Apartment - $ 20,000 (3) Commercial - $ 40,000 (4) Industrial - $ 40,000 These exemptions shall be automatically pplied without need for application to the director. O This section shall not absolve taxpayers from the requirements of section 19-90(e) if qpplicable, relating to minimum real property tax amounts."