Minimum property tax and its exemptions

Notwithstanding any provision to the contrary, each individual parcel of real property taxable under this chapter is subject to a minimum real property tax as set forth in the annual budget, except for the following: A. Those tracts leased under section 207 of the Hawaiian Homes Commission Act, 1920, as amended. B. Any parcel used for farming taro where the assessed value times the current agricultural class tax rate is less than the minimum real property tax. C. Portions of real property designated as kuleana land and granted an exemption as provided for in section 3.48.554 . D. Homes or portions of homes granted an exemption under section 3.48.475 to be levied a real property tax of $150. E. Remnant parcels granted an exemption under section 3.48.552 to be levied a real property tax of $150 per year. ( Ord. No. 5410 , § 2, 2022; Ord. No. 5016 , § 1, 2019; Ord. No. 4328, § 4, 2016 ; Ord. No. 3986, § 3, 2012; Ord. No. 3943, § 3, 2012; Ord. No. 3679, § 5, 2009; Ord. No. 3647, § 1, 2009; Ord. 2315 § 2, 1994: Ord. 2200 § 2, 1992: Ord. 1076 § 3 (part) 1980: prior code § 6-1.90(g))