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COUNTY OF HAWAII STATE OF HAWAII
A •
BILL NO. i7a
ORDINANCE NO.
AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 7, SECTION 19-53(a) OF THE HAWAII
COUNTY CODE 1983 (2005 EDITION, AS AMENDED), REAL PROPERTY TAXES, RELATING
TO VALUATIONS.
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
SECTION 1. Purpose. The purpose of this ordinance is to provide for special consideration in
determining the values of properties in the Waikoloa Workforce Housing Project due to its unique
characteristics. Market data and cost approaches using neighboring developments for comparison in
assessing such properties would not be appropriate and should not be considered.
SECTION 2. Chapter 19, article 7, section 19-53(a) Hawaii County Code 1983
(2005 Edition, as amended), is amended to read as follows:
Section 19-53. Valuation; consideration in fixing.
(a) Except as provided below, the director of finance shall cause the market value of all taxable real
property to be determined and annually assessed by the market data and cost approaches to
value using appropriate systematic methods suitable for mass valuation of properties for
taxation purposes, so selected and applied to obtain, as far as possible, uniform and equalized
assessments throughout the County. In making such determination and assessment, the director
shall separately value and assess within each class established in accordance with subsection (e)
of this section:
(1) Buildings.
In determining the value of buildings, consideration shall be given to any additions,
alterations, remodeling, modifications or other new construction, improvement or repair
work undertaken upon or made to existing buildings as the same may result in higher
assessable valuation of said buildings.
(2) All other real property, exclusive of buildings.
Exception. The value of land classified and used for agriculture as determined pursuant
to section 19-57 or 19-60 shall be the value of such land for such agricultural use
without regard to any value that such land might have for other purposes or uses. The
director shall update the agricultural use values at least every five years and shall
consult with agriculturalists and/or experts in the field when making such
determination. The establishment of the agricultural use rate values shall be made in
accordance with chapter 91, Hawaii Revised Statutes.
(3) Real pronerty leased and located within the Waikoloa Workforce Housing yroject shall
be valued under this chanter based on comparison with like properties within the same
rp otect•
SECTION 3. Material to be repealed is bracketed and stricken. New material is underscored.
In printing this Ordinance, the brackets, bracketed material and stricken material and underscoring
need not be included.
SECTION 4. Severability. If any provision of this Ordinance, or the application thereof to any
person or circumstance, is held invalid, such invalidity shall 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 declared to be severable.
SECTION 5. Effective Date. This Ordinance shall take effect upon its approval.
INTRO UCED BY:
COUNCIL MEMBER, Ul HAWAI`I
Hilo, Hawaii
Date of Introduction:
Date of 1st Reading:
Date of 2nd Reading:
Effective Date:
f~cPERE~~i: Comm. 654