HomeMy WebLinkAboutCOM 0739.015 2020-2022 Of It
Susan L.K. Lee Loy Office: (808)961-8396
Council Member Fax: (808)965-8912
District 3 *� Email: sue.leeloy@hawaiicounty.gov
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HAWAVI COUNTY CIL
25 Aupuni Street,Hilo,Hawaii 96720
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DATE: October 3, 2022
TO: Maile David, Council Chair; and
Members of the Hawaii County unc-
Vol
FROM: Susan L.K. Lee Loy, Coun
SUBJECT: Proposed Amendment to Bill No. inance Amending Chapter 19,
Article 7, Section 19-53, of the Hawaii County Code 1983 (2016 Edition, as
Amended), Relating to Real Property Tax Valuation; Considerations in Fixing.
Please see below a proposed amendment to Bill No. 156. The proposed amendment is illustrated
in Ramseyer format with respect to the contents of Bill No. 156; material to be added is
underscored.
SECTION 2 of Bill No. 156 is amended by amending paragraph(3) of subsection(g)to read as
follows:
"(3) Apartment, hotel and resort, commercial, industrial, agricultural or native forests,
and conservation assessments.
For properties in the apartment, hotel and resort, commercial, industrial, agricultural
or native forests, and conservation classes as of January 1, 2022, the assessed value
of the property shall not increase or decrease more than fifteen percent per tax year
until the parcel is sold or any portion thereof sold by way of conveyance which is
subject to conveyance tax under terms of chapter 247, Hawaii Revised Statutes, at
which time the property will be assessed at market value. In addition to the fifteen
percent limit of this subsection, any improvements undertaken on the property within
the tax year shall be assessed at market value. All parcels entering this class after
January 1, 2022, shall have the assessed value as of January 1 of the following year
and be subject to the above provisions."
Due to the limited scope of this amendment, a draft copy of this bill, that would result if this
proposed amendment is adopted, is not attached.
SLao
Comm. No.
Ref. To: F rk).
Ref. Dote. OCT 1 8 2o22
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