ROH §28-7.3

Minimum value-to-lien ratio

Read the official text at honolulu.gov ↗

This section limits how much the county can borrow for a special assessment district. The total bond debt cannot be more than one-third of the value of the property in that district. The value is based on the county's property tax assessment, including land, existing buildings, and planned improvements.

everyone

The ordinance, as written (Honolulu County) — Minimum value-to-lien ratio

A copy, taken August 22, 2026. The version published by Honolulu is the one that governs, and it may have changed since. Check it before relying on anything here.

The principal amount of bonds authorized to be issued for a district shall not exceed one-third of the value of the real property upon which a special assessment is levied for payment of the debt service on the bonds. The “value of the real property” shall be the fair market value of the land, the improvements thereon and the improvements, within the meaning of § 28-1.5 , to be constructed within the district, as shown by the real property tax assessed values of the subject property.

Read the official text at honolulu.gov ↗as published Jan 1, 2026our copy taken Aug 22, 2026

Published by the City and County of Honolulu through American Legal Publishing.

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.