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<br /> COUNTY OF HAWAII STATE OF HAWAII
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<br /> RESOLUTION NO. 3~ 7 fD6
<br />
<br /> A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE
<br /> COUNTY OF HAWAII FOR THE FISCAL YEAR JULY I, 2006, TO JUNE 30, 2007.
<br /> WHEREAS, Chapter 19, Article 11, Section 19-90 of the Hawaii County Code, as
<br /> amended, provides for the establishment of tax rates by the Council of the County of Hawaii for
<br /> net taxable land and net taxable buildings of each class of property established in accordance
<br /> with Chapter 19, Article 7, Section 19-53(e) of the Hawaii County Code, as amended; and
<br /> WHEREAS, the Council has taken as a basis for calculating the real property tax rate for
<br /> the County of Hawaii the following schedule of aggregate values of real property for the various
<br /> classes in the County of Hawaii assessable for tax purposes as of April 19, 2006, certified and
<br /> furnished by the Director of Finance of the County of Hawaii:
<br /> Value of Net
<br /> Value of Net Value of Net Taxable Real
<br /> Classes of Property Taxable Buildin¢ Taxable Land Property
<br /> (A) Improved Residential $ 1,281,050,360 $ 2,938,402,301 $ 4,219,452,661
<br /> (B) Apartment $ 3,154,980,748 $ 1,347,158,430 $ 4,502,139,178
<br /> (C) Commercial $ 620,567,500 $ 662,800,958 $ 1,283,368,458
<br /> (D) Industrial $ 317,851,800 $ 397,210,447 $ 715,062,247
<br /> (E) Agricultural or Native Forests $ 1,195,255,839 $ 3,985,646,750 $ 5,180,902,589
<br /> (F) Conservation $ 28,471,588 $ 356,315,979 $ 384,787,567
<br /> (G) Hotel and Resort $ 1,209,049,939 $ 1,050,627,785 $ 2,259,677,724
<br /> (H) Unimproved Residential $ 43,372,200 $ 762,663,615 $ 806,035,815
<br /> (I) Homeowner $ ],408,215,083 $ 1,947,983,247 $ 3,356,198,330
<br /> TOTAL-ALL CLASSES $ 9,258,8]5,057 $ 13,448,809,512 $ 22,707,624,569
<br /> and
<br /> WHEREAS, the Council completed its public hearings on May 16 and 18, 2006, and
<br /> shall adopt the tax rates on or before June 20, 2006.
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