|
- M f' t , p,'
<br /> COUNTY OF HAWAII : - • ice '' -%1 STATE OF HAWAII
<br /> . .. 41 ..;
<br /> RESOLUTION NO. 339 10
<br /> A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE
<br /> COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1, 2010 TO JUNE 30, 2011.
<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 Hawai`i assessable for tax purposes as of April 19, 2010, certified and
<br /> furnished by the Director of Finance of the County of Hawai`i:
<br /> Value of Net
<br /> Value of Net Value of Net Taxable Real
<br /> Classes of Property Taxable Building Taxable Land Property
<br /> (A) Residential $ 3,040,976,950 $ 3,787,184,960 $ 6,828,161,910
<br /> (B) Affordable Rental Housing $ 108,290,233 $ 57,821,216 $ 166,111,449
<br /> (C) Apartment $ 2,660,599,810 $ 1,144,873,041 $ 3,805,472,851
<br /> (D) Hotel and Resort $ 820,417,735 $ 690,834,540 $ 1,511,252,275
<br /> (E) Commercial $ 713,160,957 $ 908,740,776 $ 1,621,901,733
<br /> (F) Industrial $ 454,867,841 $ 594,589,541 $ 1,049,457,382
<br /> (G) Agricultural & Native Forest $ 2,232,765,139 $ 2,860,493,789 $ 5,093,258,928
<br /> (H) Conservation $ 48,766,525 $ 341,495,675 $ 390,262,200
<br /> (1) Homeowner $ 2,479,437,294 $ 2,573,526,872 $ 5,052,964,166
<br /> TOTAL -ALL CLASSES $ 12,559,282,484 $ 12,959,560,410 $ 25,518,842,894
<br /> ; and
<br /> WHEREAS, the Council completed its public hearings on May 17, 2010, and shall adopt
<br /> the tax rates on or before June 20, 2010; now, therefore,
<br /> BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that the
<br /> following percentages of the revenues to be derived from current real property taxes are assigned
<br /> to the net taxable lands and net taxable buildings within each of the following classes of
<br /> property:
<br />
|