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Home My WebLink AboutRES 423 Draft 01 2020-2022 Hawaii County Council-42 June 2,2022 INVOCATION Kahu Charlie Kama of Hale Pule Ke Ola Hou CALL TO ORDER 9:10 a.m. ROLL CALL PLEDGE OF ALLEGIANCE STATEMENTS FROM THE PUBLIC ON AGENDA ITEMS (NOTE: COUNCIL MAY TAKE A LUNCH BREAK CLOSE TO THE NOON HOUR) ORDER OF RESOLUTIONS Res. 423-22: DETERMINES THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1, 2022, TO JUNE 30, 2023 Lowers real property tax rates for properties classified in residential tier two, affordable rental housing, commercial, industrial, agricultural or native forests, and homeowner. Reference: Comm. 820 Intr. by: Mr. Inaba Waived: FC Public Hearing: May 31, 2022 WITHDRAWN BY INTRODUCER ORDER OF THE DAY(SECOND OR FINAL READING) Bill 126: ESTABLISHES AN OPERATING BUDGET FOR THE COUNTY OF HAWAII (Draft 2) FOR THE FISCAL YEAR JULY 1, 2022, TO JUNE 30, 2023 Draft 2 includes estimated revenues and appropriations of$779,678,040. Reference: Comm. 645.40 Intr. by: Mr. Kaneali`i-Kleinfelder(B/R) Public Hearing: May 17, 2022 First Reading: May 19, 2022 (Vote on Bill 126, Draft 2, is on the next page.) Page 2 i i i +YY Of COUNTY OF t *; E* STATE OF HAWAII fpf'OF`µt'� RESOLUTIONNO. 423 22 A RESOLUTION DETERMINING THE REAL PROPERTY TAS RATES FORT E COUNTY OF IIA AI`I FORT E FISCAL YEAR JULY 1,2022, TO JUNE 30,2023. WHEREAS, Chapter 19, Article 7, Section 19-53(e), of the Hawaii County Code 1983 (2016 Edition, as amended), provides for the classification of property in the County of Hawaii; and WHEREAS, Chapter 19,Article 11, Section 19-90(b), of the Hawaii County Code 1983 (2016 Edition, as amended), provides for the establishment of tax rates via resolution by the Council of the County of Hawaii for net taxable lands and net taxable buildings for each class of property; and WHEREAS, Chapter 19, Article 6, Section 19-46.1, of the Hawaii County Code 1983 (2016 Edition, as amended),provides for the establishment of two tiers of tax rates for properties classified as residential; and WHEREAS,the Council of the County of Hawaii has taken as a basis for calculating the real property tax rate for the County of Hawaii the following schedule of aggregate values of real property for the various classes in the County of Hawaii assessable for tax purposes as of April 19, 2022, certified and furnished by the Director of Finance of the County of Hawaii: Classes of Property Value of Net Taxable Value of Net Taxable Value of Net Taxable Buildings Lands Real Property A. lResidential $ 7,523,196,150 $ 6,654,803,000 $ 14,177,999,150 B. Affordable Rental Housing $ 297,916,550 $ 140,866,600 $ 438,783,150 C. Apartment $ 4,977,813,250 $ 1,083,465,750 $ 6,061,279,000 D. Hotel and Resort $ 1,111,494,050 $ 402,683,500 $ 1,514,177,550 E. Commercial $ 1,344,598,300 $ 951,804,900 $ 2,296,403,200 F. Industrial $ 867,872,550 $ 722,473,350 $ 1,590,345,900 G. Agricultural or Native Forests $ 3,548,896,700 $ 3,121,349,950 $ 6,670,246,650 H. Conservation $ 73,530,650 $ 301,273,550 $ 374,804,200 L Homeowner $ 6,645,200,700 $ 4,020,380,100 $ 10,665,580,800 TOTAL(ALL CLASSES): $ 26,390,518,900 $ 17,399,100,700 $ 43,789,619,600 and WHEREAS, the Council of the County of Hawaii completed its public hearing on May 31, 2022, and shall adopt the tax rates on or before June 20, 2022; now, therefore, j I E IT RESOLVED BY THE COUNCIL, OF THE COUNTY OF AWAI`I that the j approximate percentage of the revenue to be derived from real property taxes for net taxable lands and net taxable buildings within each class of property are listed as follows: Net Taxable Net Taxable Classes of Property Buildings Lands (Revenue %) (Revenue %) A. Residential Tier One 12.05% 10.98% Residential Tier Two 9.13% 7.69% B. Affordable Rental Housing 0.39% 0.19% C. Apartment 13.62% 2.96% D. Hotel and Resort 3.00% 1.09% E. Commercial 3.35% 2.37% F. Industrial 2.16% 1.80% G. Agricultural or Native Forests 7.51% 6.61%. H. Conservation 0.20% 0.81% I. Homeowner 8.78%1 5.31% BE IT FURTHER RESOLVED that based upon the assigned percentages of approximate revenue to be raised, the amount of revenues to be derived from real property taxes for net taxable lands and net taxable buildings within each class of property are listed as follows: Net Taxable Net Taxable Net Taxable Classes of Property Buildings Lands Real Property (Revenue) (Revenue) (Revenue) A. Residential Tier One $ 51,522,752 $ 46,931,401 $ 98,454,153 Residential Tier Two $ 39,044,416 $ 32,882,447 $ 71,926,863 B. Affordable Rental Housing $ 1,683,229 $ 795,896 $ 2,479,125 C. Apartment $ 58,240,415 $ 12,676,549 $ 70,916,964 D. Hotel and Resort $ 12,837,756 $ 4,650,994 $ 17,488,750 E. Conmercial $ 14,319,972 $ 10,136,722 $ 24,456,694 F. Industrial $ 9,242,843 $ 7,694,341 $ 16,937,184 G. Agricultural or Native Forests $ 32,117,515 $ 28,248,217 $ 60,365,732 H. Conservation $ 849,279 $ 3,479,710 $ 4,328,989 1. Homeowner $ 37,545,384 $ 22,715,148 $ 60,260,532 TOTAL(ALL CLASSES): $ 257,403,561 $ 170,211,425 $ 427,614,986 2 E IT FURTHER RESOLVED that based upon the aforementioned resolves, the Council of the County of Hawaii hereby determines the following schedule of rates to which the various classes of real property in the County of Hawaii shall be taxed per$1,000 of assessed valuation for the fiscal year July 1, 2022, to June 30, 2023: Tax Rate Per Tax Rate Per Classes of Property Thousand Net Thousand Net Taxable Buildings Taxable Lands A. Residential Tier One $ 11.10 $ 11.10 Residential Tier Two $ 13.55 $ 13.55 B. Affordable Rental Housing $ 5.65 $ 5.65 C. Apartment $ 11.70 $ 11.70 D. Hotel and Resort $ 11.55 $ 11.55 E. Commercial $ 10.65 $ 10.65 F. Industrial $ 10.65 $ 10.65 G. Agricultural or Native Forests $ 9.05 $ 9.05 H. Conservation $ 11.55j$ 11.55 I. lHomeowner $ 5.65 $ 5.65 BE IT FINALLY RESOLVED that the County Clerk shall transmit a copy of this resolution to the Honorable Mayor Mitchell D. Roth and the Director of Finance. Dated at Hawaii,this day of , 20 INTRODUCED BY: Y✓ COUNCIL MEMBER, COUNTY OF HAWAII COUNTY COUNCIL ROLL CALL VOTE County of Hawaii AYES NOES ABS Ex Hilo, Hawaii CHUNG DAVID I hereby certify that the foregoing RESOLUTION was by INABA the vote indicated to the right hereof adopted by the COUNCIL of the KANEALI`I-KLEINFELDER County of Hawaii on KIERKIE WICZ KIMBALL ATTEST: LEE LOY RICHARDS VILLEGAS Reference: C-820/Waived FC COUNTY CLERK CHAIRPERSON&PRESIDING OFFICER RESOLUTION NO. 42LI 22 3