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<br /> COUNTY OF HAWAII STATE OF HAWAII
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<br /> RESOLUTION NO. 164 07
<br />
<br /> A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE
<br />
<br /> COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1, 2007, TO JUNE 30, 2008.
<br /> WHEREAS, Chapter 19, Article 11, Section 19-90 of the Hawaii County Code, as
<br />
<br /> amended, provides for the establishment of tax rates by the Council of the County of Hawaii for
<br />
<br /> net taxable land and net taxable buildings of each class of property established in accordance
<br />
<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 />
<br /> the County of Hawaii the following schedule of aggregate values of real property for the vazious
<br />
<br /> classes in the County of Hawaii assessable for tax purposes as of April 19, 2007, 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 PropertX
<br /> (A) Improved Residential $ 1,520,234,306 $ 3,843,168,655 $ 5,363,402,961
<br /> (B) Apartment $ 3,690,370,673 $ 1,517,499,671 $ 5,207,870,344
<br /> (C) Commercial $ 695,318,600 $ 805,167,600 $ 1,500,486,200
<br /> (D) Industrial $ 370,117,700 $ 474,100,150 $ 844,217,850
<br /> (E) Agricultural $ 1,353,402,625 $ 4,529,187,473 $ 5,882,590,098
<br /> (F) Conservation $ 31,771,188 $ 347,798,353 $ 379,569,541
<br /> (G) Hotel and Resort $ 1,377,492,245 $ 1,194,878,692 $ 2,572,370,937
<br /> (H) Unimproved Residential $ 40,055,600 $ 430,756,689 $ 470,812,289
<br /> (I) Homeowner $ 1,687,648,638 $ 2,360,873,394 $ 4,048,522,032
<br /> TOTAL-ALL CLASSES $ 10,766,411,575 $ 15,503,430,677 $ 26,269,842,252
<br /> and
<br /> WHEREAS, the Council completed its public hearings on May 15 and 17, 2007, and
<br /> shall adopt the tax rates on or before June 20, 2007; now, therefore,
<br />
<br />
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