HomeMy WebLinkAboutCOM 0118.040 2002-2004 EXAMPLE OF TAXATION UNDER AFTER PROPOSED CHANGES
Twenty acres of Hamakua land - not in agriculture
Highest & Best Use Value ($20,000/acre) $ 400,000.00
Tax Rate - $9.85 per $1000 of assessed value 0.00985
Annual Taxes $ 3,940.00
Twenty acres of Hamakua land -non-dedicated ag use
Ag use value per acre (orchard $1500/acre) x 2 x acreage $ 60,000.00
Tax Rate - $9.$5 per $1000 of assessed value 0.009$5
Annual Taxes $ 591.00
Twenty acres of land -10-year ag dedication
Ag use value per acre (orchard $1500/acre) x acreage $ 30,000.00
Tax Rate - $9.85 per $1000 of assessed value 0.00985
~ Annual Taxes $ 295.50
I Comrn. No. ( ~4~
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