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WHEREAS, the Council of the County of Hawaii completed its public hearing on May 31,
<br /> 2022, and shall adopt the tax rates on or before June 20, 2022; now,therefore,
<br /> BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that the
<br /> approximate percentage of the revenue to be derived from real property taxes for net taxable
<br /> lands and net taxable buildings within each class of property are listed as follows:
<br /> Net Taxable Net Taxable
<br /> Classes of Property Buildings Lands
<br /> (Revenue %) (Revenue %)
<br /> A. Residential Tier One 11.84% 10.78%
<br /> Residential Tier Two 9.09% 7.65%
<br /> B. Affordable Rental Housing 0.42% 0.20%
<br /> C. Apartment 13.50% 2.94%
<br /> D. Hotel and Resort 2.98% 1.08%
<br /> E. Commercial 3.26% 2.31%
<br /> F. Industrial 2.10% 1.75%
<br /> G. Agricultural or Native Forests 7.53% 6.62%
<br /> H. Conservation 0.20% 0.81%
<br /> I. Homeowner 9.32% 5.64%
<br /> BE IT FURTHER RESOLVED that based upon the assigned percentages of
<br /> approximate revenue to be raised, the amount of revenues to be derived from real property taxes
<br /> for net taxable lands and net taxable buildings within each class of property are listed as follows:
<br /> Net Taxable Net Taxable Net Taxable
<br /> Classes of Property Buildings Lands Real Property
<br /> (Revenue) (Revenue) (Revenue)
<br /> A. Residential Tier One $ 51,058,583 $ 46,508,596 $ 97,567,179
<br /> Residential Tier Two $ 39,188,492 $ 33,003,784 $ 72,192,276
<br /> B. Affordable Rental Housing $ 1,802,395 $ 852,243 $ 2,654,638
<br /> C. Apartment $ 58,240,415 $ 12,676,549 $ 70,916,964
<br /> D. Hotel and Resort $ 12,837,756 $ 4,650,994 $ 17,488,750
<br /> E. Commercial $ 14,051,052 $ 9,946,361 $ 23,997,413
<br /> F. Industrial $ 9,069,268 $ 7,549,847 $ 16,619,115
<br /> G. Agricultural or Native Forests $ 32,472,405 $ 28,560,352 $ 61,032,757
<br /> H. Conservation $ 849,279 $ 3,479,710 $ 4,328,989
<br /> L Homeowner $ 40,203,464 $ 24,323,300 $ 64,526,764
<br /> TOTAL(ALL CLASSES): $ 259,773,109 $ 171,551,736 $ 431,324,845
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