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Ashley L. Kierkiewicz 0 Office: (808)961-8265 Council Member Fax: (808)961-8912 District 4 Puna ashley.kierkiewicz@hawaiicounty.gov HAWA `IC OUNTY COUNCIL 2:c:) Hawaii County Building 25 Aupuni Street - Hilo,Hawaii 96720 T1 TO: Maile Medeiros David, Council Chair and Members of the Hawaii County Council Y2 FROM: Ashley L. Kierkiewicz, Council Member DATE: February 15, 2022 SUBJECT: Proposed Amendment to Bill No. 111, Draft 2; an Ordinance Amending Chapter 19, Article 11, Section 19-90, of the Hawaii County Code 1983 (2016 Edition, as Amended), Relating to Real Property Taxes. Please see below a proposed amendment to Bill No. 111, Draft 2. The proposed amendment would amend paragraph(4) of subsection(f) relating to the appropriation of funds collected from the residential tier two property at the higher tax rate. The proposed amendment is shown in Ramseyer format with respect to the contents of Bill No. 111 Draft 2; material to be added is underscored. SECTION I of Bill No. 111, Draft 2, is amended to read as follows: "(f) Residential tax rate tiers. (1) Notwithstanding any provision to the contrary, the council shall establish a separate tax rate each for the residential tier one property and residential tier two property, as defined below. The tax rates shall be applied as follows: (A) The tax rate established for the residential tier one property shall be applied to the net taxable real property value under $2,000,000. (B) The tax rate established for the residential tier two property shall be applied to the net taxable real property value of$2,000,000 or more. (2) For the purposes of this section, "residential tier one property" shall mean all property, or portions thereof, other than a residential tier two property, within the residential class. "Residential tier two property" shall mean a property, or portion thereof, which: Comm. No. Ref. To: ONWAYWI - F Ref. Date B-1 5 2022 -E HawaVi County Is an Equal Opportunity Provider and Employer