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RES 615 Draft 01 2016-2018
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RES 615 Draft 01 2016-2018
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Last modified
1/30/2019 8:31:10 AM
Creation date
5/10/2018 2:22:43 PM
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Template:
Bill/Resolution
Bill/Resolution - Type
RES
Bill/Resolution - Council Term
2016-2018
Bill/Resolution
615
Draft
01
Introducer
Herbert M. "Tim" Richards III, Council Member
Referred To
FC
Action 1
FC: Withdrawn by introducer-5/21/18.
Document Relationships
AGE FC 2018/05/21 (2016-2018)
(Related To)
Path:
\Council Records\Agendas\2016-2018\Finance Committee (FC)
COM 0939.000 2016-2018
(Related To)
Path:
\Council Records\Communications\2016-2018
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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 />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 />Classes of Property <br />Net Taxable <br />Buildings <br />(Revenue %) <br />Net Taxable <br />Lands <br />(Revenue %) <br />A. <br />Residential <br />17.08% <br />16.71% <br />B. <br />Affordable Rental Housing <br />0.34% <br />0.18% <br />C. <br />Apartment <br />13.66% <br />3.96% <br />D. <br />Hotel and Resort <br />3.04% <br />1.99% <br />E. <br />Commercial <br />2,79% <br />2.59% <br />F. <br />Industrial <br />1.88% <br />1.91% <br />G. <br />Agricultural or Native Forests- <br />8.94% <br />8.67% <br />H. <br />Conservation <br />0.21% <br />1.04% <br />I. <br />Homeowner <br />8.49% <br />6.52% <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 />2 <br />Classes of Property <br />Net Taxable <br />Buildings <br />(Revenue) <br />Net Taxable <br />Lands <br />(Revenue) <br />Net Taxable <br />Real Property <br />(Revenue) <br />A. <br />Residential <br />$ <br />51,228,047 <br />$ <br />50,140,371 <br />$ <br />101,368,418 <br />B. <br />Affordable Rental Housing <br />$ <br />150335824 <br />$ <br />53306 <br />$ <br />1,567,690 <br />C. <br />Apartment <br />$ <br />40,986,311 <br />$ <br />11,8691226 <br />$ <br />52,855,538 <br />D. <br />Hotel and Resort <br />$ <br />9,120,291 <br />$ <br />5,9561615 <br />$ <br />1550765906 <br />E. <br />Commercial <br />$ <br />853715130 <br />$ <br />7,759,001 <br />$ <br />16,130,131 <br />F. <br />Industrial <br />$ <br />5,652,670 <br />$ <br />5,724,526 <br />$ <br />11,377,196 <br />G. <br />Agricultural or Native Forests <br />$ <br />26,8205200 <br />$ <br />25,995,095 <br />$ <br />525815,295 <br />H. <br />Conservation <br />$ <br />626-5777 <br />'$ <br />351285454 <br />$ <br />3,7555230 <br />I. <br />Homeowner <br />$ <br />25,474,258 <br />$ <br />19,555,307 <br />$ <br />45,0295566 <br />TOTAL (ALL CLASSES): <br />$ <br />169,313,509 <br />$ <br />13056625461 <br />$ <br />299,975,970 <br />2 <br />
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