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HomeMy WebLinkAboutORD 2025-052 2024-2026COUNTY OF HAWAI`I STATE OF HAWAI`I BILL NO. 50 (DRMT 2 ) ORDINANCE NO. 25 52 AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 11, SECTION 19-90, OF THE HAWAI`I COUNTY CODE 1983 (2016 EDITION, AS AMENDED), RELATING TO REAL PROPERTY TAXES. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAPI: SECTION 1. Chapter 19, article 11, section 19-90, of the Hawaii County Code 1983 (2016 Edition, as amended) is amended by amending subsection (f) 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: (A) Is improved with one or more dwelling units, has a net taxable real property value of $2,000,000 or more, does not have a home exemption, and is classified as residential in consideration of the highest and best use of the land; (B) Is vacant land that has a net taxable real property value of $2,000,000 or more, and is classified as residential in consideration of the highest and best use of the land; or (C) Is a condominium property regime that has a net taxable real property value of $2,000,000 or more, does not have a home exemption, and is classified as residential in consideration of the highest and best use of the land. (3) The respective tax rate to be applied to any property within the residential class shall be applied only to the portion used exclusively as residential, provided the highest and best use of the land is residential. (4) No less than [ er•Eent] 9 000 000 of the revenue collected annually pursuant to this subsection[;] or, whenever less than $9,000,000 is collected, all such revenue, calculated as the difference in revenue from the residential tier one property tax rate to the residential tier two property tax rate, shall be appropriated each fiscal year to County -sponsored programs designed to address housing and homelessness. This requirement shall not extend beyond June 30, 2027, unless otherwise amended by ordinance. Any remaining balance collected pursuant to this subsection at the end of the fiscal year shall be designated for this purpose." SECTION 2. 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. SECTION 3. Severability. If any provision of this ordinance, or the application thereof to any person or circumstance, is held invalid, the invalidity does not affect other provisions or applications of the ordinance which can be given effect without the invalid provision or application, and to this end the provisions of this ordinance are severable. SECTION 4. This ordinance shall take effect upon its approval. Hilo , Hawai`i Date of Introduction: May 21, 2025 Date of Ist Reading: May 21, 2025 Date of 2nd Reading: June 4, 2025 Effective Date: June 23, 2025 REFERENCE Comm. 241.2 INTRODUCED BY: COUNCIL ME ER, COUNTY OF HAWAI`I COUN IL MEMBER, COUNTY OF HAWAI`I 2 OFFICE OF THE COUNTY CLERK COUNTY C L E R K COUNTY OF HAWAI; County of Hawaii Hilo, Hawaii 2015 JUN 23 PH 1: 28 Introduced By: Jenn Kagiwada and Dr. Holeka Goro Inaba Date Introduced First Reading: Published: REMARKS: May 21, 2025 May 21, 2025 May 30, 2025 Second Reading: June 4, 2025 To Mayor: June 17, 2025 Returned: June 23, 2025 Effective: June 23, ':2025 Published: July 11, 2025 (Draft 2) ROLL CALL VOTE AYES NOES ABS EX Galimba X Hustace X Inaba X Kagiwada X Kaneali`i-Kleinfelder X Kierkiewicz X Kimball X Onishi X Villegas X 9 0 0 0 ROLL CALL VOTE AYES NOES ABS EX Galimba X Hustace X Inaba X Kagiwada X Kaneali`i-Kleinfelder X Kierkiewicz X Kimball X Onishi X Villegas X 7 0 2 0 I DO HEREBY CERTIFY that the foregoing BILL was adopted by the County Council published as indicated above. pprove Disapproved this day of 20 MAYOR, COUNTYOFHAWAI`I COUNCIL CHAIRPERSON COUNTY CLERK Bill No.: 50 (Draft 2) Reference: C-241.2/FC-49 Ord No.: 25 52