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HomeMy WebLinkAboutCOM 0820.002 2020-2022 Couniy cifHawai`i rp �. w,; Phone: (808)961-8564 Cotanc,il District 9- (808)887-2069 North and South Kohala *� �� 17.inuil: ov Chair. Conaaarittee on Regenerative a owr. Agriculture, t,^u'ater, biergy, & l miroaaneratallvlranaernent g HERBERT M. GG T:t !� R.ICHARDS, III m C HAWAII COUNTY COUNCIL -- DISTRICT 9 25 Aupuni Sired, Ste. 1402, Hilo, llawai'i 96720 DATE: June 2, 2022 TO: Maile Medeiros David, Counciz9; and Members of the I awai`i C l�"T�C)M: Herbert Kl�er, Loy, Council lVlc "Tim" Richards, 111 y SUBJECT: A Proposed. Amendment to Resolution No. 423-22; A Resolution Determining the Real property Tax Rates for the County of Ilawai`i for Fiscal Year July 1, 2022, to June 30, 2023. Below is a proposed amendment to Resolution No. 423-22 to amend the real property tax rates for fiscal year 2022-2023. The amendment also changes revenues and revenue percentages based on the amended rates. The proposed amendment is illustrated below in Ramseyer format with respect to Resolution No. 423- 2; material to be deleted is bracketed and stricken, and material to be added is underscored.. Due to time constraints, a draft copy of this resolution that would result if this proposed amendment is adopted is not attached. The enacting clause and the two BE IT FURTHER R RESOLVED clauses are amended as follows: "TIRE IT RESOLVED BY THE COUNCH.a OF THE COUNTY OF HAWAII that the 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: Classes of Property Net Taxable Buildings Net.Taxable Lands (Revenue /°) (Revenue �°) A. Residential Tier One °_ 11. 8% -1� LO,91'1/o _.__.. ._ .._...w_ Residential Tier Two443-% 9.09% �. 7 5°r° B Affordable Rental Housing [1.42°/� 0 20%° ._..-.._...__ _� _ C. )a AJ)artrnent _ — -P-. 1.3.37%° -2 2.91% D hotel and Resort10"0 2.87% � 1.040/o E. .Commercial 3.30% 2.33% F. Industrial 2.13% .�.' 1.77% G. Agricultural or dative Forests .7-.-5"0 . 7.50ON6.6T°� 6.60% H Conservation 11;2{1 ° 0.19°r° [�° 0.79% 1. ..mHomeowner -� 9.31% 5,3"0 5.63% �y Comm. No. Ref. To:— Tlawai"i Coaanty is an Equal Qpportunigy .provider and Employer Ref. tate_ BE 11' 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. Classes of Property Net Taxable Net Taxable Lands Net Taxable Real Buildings (Revenue) (Revenue) Property (Revenue) A. Residential Tier One $ [5-,,.-22-,7--52 $ [46,931,401] $ [98,454,153] 51,290,668 46,71999898,010066 ----------------------- ........................... Residential 'Fier $ [39,0,4 4,416] $ [4-2-,892-,44-71 $ [71,926,863] 11 ------------------------------------.— 38,900,341 31,'761,109 71 66-1 4,51 B. Affordable Rental $ [1,6832291 $ [.795,896] $ Housing _1,817,291 859,286 2,670.J77 .......................................................... C. Apartment [59,240,4151 $ 12,65-7 6,ZZ A QI $ r-70, 1 916,96 4] 57�244 85212�459 856 69,704.709 D. Hotel and Resort $ 19-37,7561 $ [4-,654-,994] $ [17,488,750] 12,282,009 4,449,653 1.6731,662 1 Commercial $ [14,319,972] $ 4-0,136,,722] $ [24,456,694] 14,118,282 9-993-951 24,112,2-34 F. Industrial $ [9,242,84-4.1 $ [7-,694,44-1-] $ [444, 344, -94] 9,112,662 0 7,585,97 _� 16,698 ,632 G. Agricultural or Native $ 32,117,515 $ 28,248,217 $ 60,365,732 Forests H. Conservation $ ..__ [ ] $ [4-4, q4,q-4-01 $ [4,328,989] 827,220 %.32L—.-4,216 547 1. Homeowner 1 $ [37,5 4-5,3 84] $ [22,?1.5,14 91 $ [60,260,532] 39,871,204 24 122281 63 93485 ..................... : $ [257-,40-3-,5"] [170,2)1.1.,412 55] $ [427,614,986] ......�TOT L (ALL CLASSES): 257,582,045 170,589 428,171,694 (ALL.............. BE 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: Classes of Property Tax Rate Per Thousand Tax Rate Per Thousand. Net Taxable Buildings Net Taxable Lands ....................................... A. Residential Tier One $ [44-.401 11-05 $ j4j74-_Gj 11,05 Residential Tier Two [44755] 1150 13.50 B. Affordable Rental Housing . ] �MLQ $ -A---------------.- t�� 1'5.-�] �k.10 C. Apartment $ ....... 44-.7-01 1.1.50 $ [44-774] 11.50 D. hotel and Resort - 1:5 ] .�105 $ [14-.55] 11.05 ECommercial $ 44-. -`� 10.50 $ 14-G�. "] 10.50 F. Industrial $ 4-0-."]..-10,50 $ [4-07�] L0 .50 G. Agricultural or Native Forests $ 9.05 $ 9.05 — ...........-----------— H. Conservation [4-1-.5-S] 11.25 § [jj::55�112L 1. Flomeowner .00 $ 55 �k--001 ............................. 2 V