02-28-2019, 04:07 PM
https://www.hawaiitribune-herald.com/201...than-1-3m/
http://www.bigislandvideonews.com/2019/0...discussed/
There are properties under one acre of land that have been receiving the agricultural class tax rate when the highest and best use is residential. Three meetings were held regarding discussion of what would be the most fair and equitable way to tax these parcels as the underlying zoning is agricultural which included reviewing properties up to five acres in size. The recommendation to Real Property Tax Division is all properties less than one acre in size which are not part of an agricultural use or dedicated agricultural programs should be taxed at the residential class tax rate to be consistent with the county code island wide. This is consistent with State Land Use Commission statutes which provide for the construction of single-family dwellings on lots existing before June 4, 1976.
There are currently 19,604 parcels which will experience a tax class rate change. 6,665 will experience an increase in taxes with the remaining parcels not anticipated to be impacted by the recommendation. The impact to the real property tax revenue in tax year 2019 based on the current assessed values and tax rates would be an estimated $ 1.3 million increase.
http://www.bigislandvideonews.com/2019/0...discussed/
There are properties under one acre of land that have been receiving the agricultural class tax rate when the highest and best use is residential. Three meetings were held regarding discussion of what would be the most fair and equitable way to tax these parcels as the underlying zoning is agricultural which included reviewing properties up to five acres in size. The recommendation to Real Property Tax Division is all properties less than one acre in size which are not part of an agricultural use or dedicated agricultural programs should be taxed at the residential class tax rate to be consistent with the county code island wide. This is consistent with State Land Use Commission statutes which provide for the construction of single-family dwellings on lots existing before June 4, 1976.
There are currently 19,604 parcels which will experience a tax class rate change. 6,665 will experience an increase in taxes with the remaining parcels not anticipated to be impacted by the recommendation. The impact to the real property tax revenue in tax year 2019 based on the current assessed values and tax rates would be an estimated $ 1.3 million increase.