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Home My WebLink AboutRES 441 Draft 01 2020-2022 Hawai`i County Council-43 June 15,2022 Res. 441-22: DETERMINES THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAI`I FOR THE FISCAL YEAR JULY 1, 2022, TO JUNE 30, 2023 Lowers the tax rates for properties classified in residential tier one, affordable rental housing, commercial, industrial, agriculture or native forests, and homeowner. Reference: Comm. 841 Intr. by: Mr. Inaba Waived: FC FAILED: Ayes: Council Members Inaba, Kaneali`i-Kleinfelder, Villegas, and Chair David—4. Noes: Council Members Chung, Kierkiewicz, Kimball, Lee Loy, and Richards—5. Absent: None. Excused: None. BILLS FOR ORDINANCES (FIRST READING) Bill 173: INITIATES AN AMENDMENT TO ARTICLE III, SECTION 3-18 OF THE HAWAII COUNTY CHARTER(2020 EDITION), RELATING TO THE OFFICE OF THE COUNTY AUDITOR Adds investigations of reports of fraud,waste, and abuse within County operations as an authorized function of the Office of the County Auditor. Reference: Comm. 809 Intr. by: Ms. Kierkiewicz Approve: FC-163 2/3 Vote: First of three required readings, Section 15-1(a), Hawai`i County Charter PASSED 1ST OF THREE REQUIRED READINGS: Ayes: Council Members Chung, Inaba, Kaneali`i-Kleinfelder, Kierkiewicz, Kimball, Lee Loy, Richards, Villegas, and Chair David—9. Noes: None. Absent: None. Excused: None. Page 10 I aJptV OF.", I COUNTY OF HAWAII STATE OF HAWAM i '!lE OF•liplX SOLUTION NO. 441 22 I A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAPI FOR THE 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. Residential $ 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. 11ndustrial $ 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 I. 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, BE IT RESOLVED BY THE COUNCIL 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: Net Taxable Net Taxable Classes of Property Buildings Lands (Revenue %) (Revenue %) A. Residential Tier One 11.84% 10.78% Residential Tier Two 9.09% 7.65% B. Affordable Rental Housing 0.42% 0.20% C. Apartment 13.50% 2.94% D. Hotel and Resort 2.98% 1.08% E. Commercial 3.26% 2.31% F. Industrial 2.10% 1.75% G. Agricultural or Native Forests 7.53% 6.62% H. Conservation 0.20% 0.81% I. Homeowner 9.32% 5.64% 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 $ 51,058,583 $ 46,508,596 $ 97,567,179 Residential Tier Two $ 39,188,492 $ 33,003,784 $ 72,192,276 B. Affordable Rental Housing $ 1,802,395 $ 852,243 $ 2,654,638 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. Commercial $ 14,051,052 $ 9,946,361 $ 23,997,413 F. Industrial $ 9,069,268 $ 7,549,847 $ 16,619,115 G. Agricultural or Native Forests $ 32,472,405 $ 28,560,352 $ 61,032,757 H. Conservation $ 849,279 $ 3,479,710 $ 4,328,989 L Homeowner $ 40,203,464 $ 24,323,300 $ 64,526,764 TOTAL(ALL CLASSES): $ 259,773,109 $ 171,551,736 $ 431,324,845 2 i i a BE IT FURTHER RES LVED 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: 3 Tax Rate Per Tax Rate Per Classes of Property Thousand Net Thousand Net Taxable Buildings Taxable Lands A. Residential Tier One $ 11.00 $ 11.00 Residential Tier Two $ 13.60 $ 13.60 B. Affordable Rental Housing $ 6.05 $ 6.05 3 C. Apartment $ 11.70 $ 11.70 D. Hotel and Resort $ 11.55 $ 11.55 E. Commercial $ 10.45 $ 10.45 F. Industrial $ 10.45 $ 10.45 G. Agricultural or Native Forests $ 9.15 $ 9.15 H. Conservation $ 11.55 $ 11.55 1. lHomeowner $ 6.05 $ 6.05 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 , Hawai`i, this day of , 20 INTRODUCED BY: 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 KIERKIEWICZ KIMBALL ATTEST: LEE LOY RICHARDS VILLEGAS Reference: C-841/Waived FC COUNTY CLERK CHAIRPERSON&PRESIDING OFFICER RESOLUTION NO. 441L 22 3