|
WHEREAS, in order to assure that real property taxes are levied upon all applicable real property
<br /> owners, the real property tax rates are based upon the following total revenues:
<br /> Revenue Collection Based on 96.68% of Assessments $87,996,000
<br /> Amount of Unanticipated Collection 3,020,893
<br /> Total Revenues to be Derived from Real Property 91.016?893
<br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII
<br />
<br /> that the following percentages of the revenues to be derived from current real property taxes are assigned to
<br />
<br /> the net taxable lands and net taxable buildings within each of the following classes of property:
<br /> Revenues Percentage Revenue Percentage
<br /> Net Taxable Building Net Taxable Land
<br /> Classes of Property Percentage Percentage
<br /> (A) Improved Residential 6.56% 8.68%
<br /> (B) Apartment 10.35% 6.67%
<br /> (C) Commercial 4.06% 4.45%
<br /> (D) Industrial 1.64% 2.41
<br /> (E) Agricultural or Native Forest 6.74% 17.20%
<br /> (F) Conservation 0.12% 3.09%
<br /> (G) Hotel and Resort 6.35% 7.42%
<br /> (H) Unimproved Residential 0.32% 2.93%
<br /> (I) Homeowners 5.53% 5.48%
<br /> BE IT FURTHER RESOLVED that based upon the assigned percentages of revenues to be raised, the
<br /> amount of revenues to be derived within the net taxable buildings and the net taxable land of each class are
<br /> listed as follows:
<br /> Revenues Revenues Revenues
<br /> Net Taxable Net Taxable Net Taxable Real
<br /> Classes of Property Buildings Land Pro ert
<br /> (A) Improved Residential $ 5,973,760 $ 7,897,198 $ 13,870,958
<br /> (B) Apartment 9,419,383 6,073,681 15,493,064
<br /> (C) Commercial 3,695,884 4,046,815 7,742,699
<br /> (D) Industrial 1,495,370 2,196,033 3,691,403
<br /> (E) Agricultural or Native Forest 6,136,275 15,655,254 21,791,529
<br /> (F) Conservation 110,940 2,810,506 2,921,446
<br /> (G) Hotel and Resort 5,779,955 6,746,976 12,526,931
<br /> (H) Unimproved Residential 292,655 2,666,799 2,959,454
<br /> (I) Homeowners 5 034,461 4,984,948 10,019,409
<br /> TOTAL-ALL CLASSES 37.938.683 $53.078.210 91.016,,893
<br />
<br />
|