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Home My WebLink AboutCOM 0258.002 2020-2022 Mitchell D.Roth ,,-I or.P, Deanna S. Sako Mayor Finance Director Steven Hunt Lee Lord Managing Director a Deputy Finance Director County of Hawaii DEPARTMENT OF FINANCE-REAL PROPERTY TAX Aupuni Center - 101 Pauahi Street • Suite No.4 - Hilo,Hawai'i 96720-4224 * Fax(808)961-8415 Appraisers(808)961-8354 • Clerical(808)961-8201 * Collections(808)961-8282 West Hawai'i Civic Center - 74-5044 Ane Keohokalole Hwy. * Bldg.D,2nd Mr. * Kailua Kona,Hawai'i 96740 Fax(808)327-3538 - Appraisers(808)323-4881 • Clerical(808)323-4880 May 20,2021 Maile Medeiros David,Council Chair and members of the Hawai'i County Council Hawai'i County Council 25 Aupuni Street Hilo,Hawai'i 96720 Re: Certified Value Summary of FY 2021 to FY2022 by Council District Ud ti Aloha Council Chairwoman David, This is in follow up to Finance Committee Chair Matt Kaneali'i-Kleinfelder's request at the May 18, 2021 meeting. He requested we provide to all Council members a breakdown by Council District of the certified values per tax class comparing fiscal year 2021 and fiscal year 2022. There are some caveats to the analysis completed: • Changes in both the Affordable Rental and Homeowner's tax classifications will be driven largely by the number of participants(in the case of affordable rental)or the 3%CAP(in the case of the homeowner's).In other words they have a tendency not to reflect market increases. • A better reflection of the overall market is with the aggregate summary by district showing an overall 4.89%increase in our taxable values. • Councilman Inaba and Councilwoman Lee Loy's areas being hotel/resort centric in some aspects were impacted bythe economic downturn within that industry and saw a nominal 2.7%and 3.9%increase respectively. ■ For areas in the hotel/resort that reflect larger%changes(downward),this is also due to the tax classification of properties.There were parcels that were classed as hotel/resorts in the prior year,however,we took a very close look at this property tax class and properly placed those properties in their highest&best use tax class per the Hawaii County Code.This is reflected in the parcel count difference on the attached document. • All other district increases were likely driven by strong residential sales in 2020. Sincerely, Lisa Miura,Real Property Tax Administrator Comm. No. Ref. To: Hawai'i County is an Equal Opportunity Provider and Employer Ref. Date JUN 0 3 2021 NET TAXABLE VALUE CHANGE(FY2021 TO FY2022)BY DISTRICT DISTRICT 1-CM KIMBALL TAX CLASS FY21 PARCEL COUNT FY22 PARCEL COUNT PERCENT CHANGE FY21 NET TAXABLE FY22 NET TAXABLE PERCENT CHANGE AFFORDABLE RENTAL 108 115 6.5% $ 25,838,500 $ 29,605,700 14.6% AGRICULTURAL 3,601 3,591 -0.3% $ 814,724,050 $ 855,895,400 5.1% APARTMENT 366 255 -30.3% $ 53,862,050 $ 53,573,350 -0.5% COMMERCIAL 167 165 -1.2% $ 45,611,600 $ 45,756,900 0.3% CONSERVATION 117 112 -4.3% $ 18,994,800 $ 19,691,500 3.7% HOMEOWNER 3,982 4,056 1.9% $ 815,528,150 $ 906,597,800 11.2% HOTEL/RESORT - 1 100.0% $ - $ 633,900 INDUSTRIAL 16 14 -12.5% $ 17,476,900 $ 15,164,950 -13.2% RESIDENTIAL 2,205 2,155 -2.3% $ 492,044,350 $ 504,074,250 2.4% TOTAL 10,562 10,464 -0.9% $ 2,284,080,400 $ 2,430,993,750 6.4% DISTRICT2-CMCHUNG - TAX CLASS FY21 PARCEL COUNT FY22 PARCEL COUNT PERCENT CHANGE 721 NET TAXABLE FY22 NET TAXABLE PERCENT CHANGE AFFORDABLE RENTAL 318 348 9.4% $ 78,985,050 $ 97,394,900 23.3% AGRICULTURAL 369 410 11.1% $ 107,477,050 $ 114,660,300 6.7% APARTMENT 692 684 -1.2% $ 87,690,100 $ 90,257,100 2.9% COMMERCIAL 831 831 0.0% $ 293,718,100 $ 318,604,750 8.5% CONSERVATION 23 20 -13.0% $ 3,563,200 $ 2,814,100 -21.0% HOMEOWNER 4,952 4,983 0.6% $ 873,488,050 $ 946,093,300 8.3% HOTEL/RESORT 2 2 0.0% $ 3,051,100 $ 3,047,600 -0.1% INDUSTRIAL 24 24 0.0% $ 15,102,800 $ 16,193,200 7.2% RESIDENTIAL 1,940 1,915 -1.3% $ 485,473,750 $ 491,920,100 1.3% TOTAL 1 9,151 9,217 0.7% 1$ 1,948,549,200 $ 2,080,985,350 6.8% DISTRICTS-CM LEELOY TAX CLASS FY21 PARCEL COUNT FY22 PARCEL COUNT PERCENT CHANGE FY21 NET TAXABLE FY22 NET TAXABLE PERCENT CHANGE AFFORDABLE RENTAL 295 298 1.0% $ 88,998,200 $ 95,485,200 7.3% AGRICULTURAL 895 856 -4.4% $ 176,972,250 $ 179,125,150 1.2% APARTMENT 219 218 -0.5% $ 45,365,250 $ 55,905,700 23.2% COMMERCIAL 174 201 15.5% $ 232,085,050 $ 240,351,550 3.6% CONSERVATION 10 10 0.0% $ 2,072,700 $ 1,707,600 -17.6% HOMEOWNER 4,322 4,372 1.2% $ 690,979,550 $ 757,896,200 9.7% HOTEL/RESORT 96 22 -77.1% $ 90,449,200 $ 48,005,200 -46.9% INDUSTRIAL 472 465 -1.5% $ 366,582,000 $ 373,155,550 1.8% RESIDENTIAL 1,888 1,944 3.0% $ 498,460,125 $ 524,775,750 5.3% TOTAL 1 8,371 8,386 0.2% 1$ 2,191,964,325 $ 2,276,407,900 3.9% DISTRICT -CM KIERKIEWICZ TAX CLASS FY21 PARCEL COUNT FY22 PARCEL COUNT PERCENT CHANGE FY21 NET TAXABLE FY22 NET TAXABLE PERCENT CHANGE AFFORDABLE RENTAL 232 267 -15.1% $ 45,574,500 $ 52,219,200 14.6% AGRICULTURAL 7,826 7,698 -1.6% $ 618,788,400 $ 645,039,050 4.2% APARTMENT - - 0.0% $ - $ - COMMERCIAL 46 45 -2.2% $ 20,453,000 $ 19,900,800 -2.7% CONSERVATION 62 53 -14.5% $ 9,984,250 $ 7,899,800 -20.9% HOMEOWNER 5,119 5,260 2.8% $ 566,401,500 $ 631,544,100 11.5% HOTEL/RESORT - - 0.0% $ - $ - INDUSTRIAL 3 3 0.0% $ 2,645,000 $ 2,167,000 -18.1% RESIDENTIAL 7,938 7,894 -0.6% $ 328,177,650 $ 331,814,000 1.1% TOTAL 1 21,226 21,220 0.0% 1$ 1,592,024,300 $ 1,690,583,950 6.2% DISTRICT 5-CM KAN EALII-KLEI N FELDER TAX CLASS FY21 PARCEL COUNT FY22 PARCEL COUNT PERCENT CHANGE FY21 NET TAXABLE FY22 NET TAXABLE PERCENT CHANGE AFFORDABLE RENTAL 242 261 7.9% $ 46,679,800 $ 52,226,,400 11.9% AGRICULTURAL 13,735 13,710 -0.2% $ 670,448,800 $ 697,635,450 4.1% APARTMENT - - 0.0% $ - $ - COMMERCIAL 42 43 2.4% $ 37,668,400 $ 40,922,350 8.6% CONSERVATION 200 199 -0.5% $ 4,090,600 $ 9,034,650 120.9% HOMEOWNER 4,907 5,046 2.8% $ 473,189,650 $ 518,785,350 9.6% HOTEL/RESORT - - 0.0% $ - $ - INDUSTRIAL 137 137 0.0% $ 81,910,300 $ 85,072,900 3.9% RESIDENTIAL 10,075 9,948 -1.3% $ 350,319,200 $ 359,817,160 2.7% TOTAL 1 29,338 29,344 0.0% 1$ 1,664,306,750 $ 1,763,494,260 6.0% DISTRICT 6-CM DAVID TAX CLASS FY21 PARCEL COUNT FY22 PARCEL COUNT PERCENT CHANGE FY21 NET TAXABLE FY22 NET TAXABLE PERCENT CHANGE AFFORDABLE RENTAL 57 65 14.0% $ 10,853,700 $ 13,325,100 22.8% AGRICULTURAL 15,420 15,372 -0.3% $ 1,082,767,550 $ 1,121,391,750 3.6% APARTMENT 100 100 0.0% $ 22,820,050 $ 23,723,600 4.0% COMMERCIAL 152 144 -5.3% $ 59,373,100 $ 59,692,700 0.5% CONSERVATION 404 376 -6.9% $ 74,499,750 $ 70,493,700 -5.4% HOMEOWNER 3,947 4,031 2.1% $ 530,836,828 $ 599,233,450 12.9% HOTEL/RESORT 2 2 0.0% $ 1,820,200 $ 1,487,100 -18.3% INDUSTRIAL 16 16 0.0% $ 6,528,800 $ 6,527,200 0.0% RESIDENTIAL 7,294 7,266 -0.4% $ 559,535,850 $ 570,806,550 2.0% TOTAL 27,392 27,372 -0.1% $ 2,349,035,828 $ 2,466,681,150 5.0% DISTRICT 7-CM VILLEGAS TAX CLASS FY21 PARCEL COUNT FY22 PARCEL COUNT PERCENT CHANGE FY21 NET TAXABLE FY22 NET TAXABLE PERCENT CHANGE AFFORDABLE RENTAL 14 20 42.9% $ 4,973,600 $ 7,589,500 52.6% AGRICULTURAL 1,122 1,152 2.7% $ 368,107,850 $ 372,921,850 1.3% APARTMENT 4,419 4,472 1.2% $ 1,576,258,825 $ 1,642,159,400 4.2% COMMERCIAL 335 393 17.3% $ 301,188,150 $ 414,570,800 37.6% CONSERVATION 29 35 20.7% $ 10,140,100 $ 9,907,700 -2.3% HOMEOWNER 3,857 3,924 1.7% $ 1,315,206,800 $ 1,448,023,600 10.1% HOTEL/RESORT 332 52 -84.3% $ 342,980,000 $ 156,785,500 -54.3% INDUSTRIAL 67 67 0.0% $ 220,411,400 $ 221,849,700 0.7% RESIDENTIAL 2,035 2,085 2.5% $ 1,313,993,877 $ 1,479,430,400 12.6% TOTAL 1 12,210 12,200 -0.1% $ 5,453,260,602 $ 5,753,238,450 5.5% DISTRICT 8;-CM INABA TAX CLASS FY21 PARCEL COUNT FY22 PARCEL COUNT PERCENT CHANGE FY21 NET TAXABLE FY22 NET TAXABLE PERCENT CHANGE AFFORDABLE RENTAL 11 17 54.5% $ 3,563,400 $ 7,418,500 108.2% AGRICULTURAL 1,629 1,594 -2.1% $ 745,941,800 $ 779,575,250 4.5% APARTMENT 1,594 1,578 -1.0% $ 1,715,511,450 $ 1,752,113,300 2.1% COMMERCIAL 54 56 3.7% $ 382,903,900 $ 377,260,951 -1.5% CONSERVATION 88 85 -3.4% $ 173,857,500 $ 165,552,000 -4.8% HOMEOWNER 4,273 4,395 2.9% $ 1,771,378,650 $ 2,037;178,900 15.0% HOTEL/RESORT 19 15 -21.1% $ 488,397,200 $ 433,747,200 -11.2% INDUSTRIAL 530 533 0.6% $ 431,671,450 $ 470,532,250 9.0% RESIDENTIAL 2,255 2,209 -2.0% $ 5,071,255,186 $ 5,057,506,000 -0.3% TOTAL 1 10,453 10,482 0.3% $ 10,784,480,536 $ 11,080,884,351 2.7% DISTRICT -CM RICHARDS TAX CLASS FY21 PARCEL COUNT FY22 PARCEL COUNT PERCENT CHANGE FY21 NET TAXABLE FY22 NET TAXABLE PERCENT CHANGE AFFORDABLE RENTAL 26 28 7.7% $ 8,990,200 $ 11,273,000 25.4% AGRICULTURAL 2,292 2,269 -1.0% $ 748,976,250 $ 779,747,750 4.1% APARTMENT 1,850 1,827 -1.2% $ 1,348,708,600 $ 1,625,755,700 20.5% COMMERCIAL 304 300 -1.3% $ 271,541,300 $ 266,310,900 -1.9% CONSERVATION 75 71 -5.3% $ 54,596,300 $ 54,879,900 0.5% HOMEOWNER 4,702 4,812 2.3% $ 1,607,407,100 $ 1,780,157,650 10.7% HOTEVRESORT 21 15 -28.6% $ 423,110,400 $ 392,212,300 -7.3% INDUSTRIAL 56 74 32.1% $ 35,167,400 $ 38,870,900 10.5% RESIDENTIAL 2,680 2,612 -2.5% $ 2,476,348,350 $ 2,472,170,284 -0.2% TOTAL 112,006 12,008 0.0% $ 6,974,845,900 $ 7,421,378,384 6.4% AGGREGATE COUNCIL DISTRICT FY21 PARCEL COUNT FY22 PARCEL COUNT PERCENT CHANGE FY22 NET TAXABLE FY22 NET TAXABLE PERCENT CHANGE DIST 1-CM KIMBALL 10,562 10,464 -0.9% $ 2,284,080,400 $ 2,430,993,750 6.4% DIST 2-CMCHUNG 9,151 9,217 0.7% $ 1,948,549,200 $ . 2,080,985,350 6.8% DIST 3-CM LEELOY 8,371 8,386 0.2% $ 2,191,964,325 $ 2,276,407,900 3.9% DIST 4-CMKIERKIEWIC 21,226 21,220 0.0% $ 1,592,024,300 $ 1,690,583,950 6.2% DIST 5-CM KANEALII-K 29,338 29,344 0.0% $ 1,664,306,750 $ 1,763,494,260 6.0% DIST 6-CM DAVID 27,392 27,372 -0.1% $ 2,349,035,828 $ 2,466,681,150 5.0% DIST 7-CMVILLEGAS 12,210 12,200 -0.1% $ 5,453,260,602 $ 5,753,238,450 5.5% DIST 8-CMINABA 10,453 10,482 0.3% $ 10,784,480,536 $ 11,080,884,351 2.7% DIST 9-CM RICHARDS 12,006 12,008 0.0% $ 6,974,845,900 $ 7,421,378,384 6.4°%0 TOTAL 1 140,709 140,693 0.0% $ 35,242,547,841 $ 36,964,647,545 4.89%