BIL 103 Draft 03 2024-2026 - Laserfiche WebLink

Home

COUNTY OF HAWAI`I ORDINANCE NO. STATE OF HAWAI`I BILL NO. 103 (DRAFT 3) AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 7, SECTION 19-53, OF THE HAWAI`I COUNTY CODE 1983 (2016 EDITION, AS AMENDED), RELATING TO REAL PROPERTY TAX. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAI°I: SECTION 1. Chapter 19, article 7, section 19-53, of the Hawaii County Code 1983 (2016 Edition, as amended) is amended by amending subsection (g) to read as follows: "(g) Limitation on homeowner assessment. For properties in the homeowner class [as of januaFy 1, 20041the assessed value of the property shall not increase more than three 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. (22) Notwithstanding anything to the contrary, the assessed value of a property in the homeowner class shall not increase more than three percent per tax year from the most recent assessed value under a nondedicated agricultural use assessment or agricultural dedication, provided that: (A) The property receives a homeowner exemption in the amount no less than that which a taxpayer six -five years of age or over is entitled under section 19-71(d): B) The DroDerty was assessed according to its agricultural use value for no less than ten tax years within the fifteen tax years immediately preceding the first tax year that the property satisfies the requirement set forth in subparagraph (A): and (C) A petition to be considered for the provisions of this paragraph is received by the director in a format prescribed by the director, in the case of a property that, prior to the effective date of this ordinance, ceased to be assessed according to its agricultural use. (3) In addition to the three percent limit of this subsection, any improvements undertaken on the property within the tax year shall be assessed at market value.