HomeMy WebLinkAboutCOM 0841.002 2020-2022 J�gV OF k,''',' Phone: (808)961-8564
CountyofHawai'1 ' c•'''�� • ��I ti: (808) 887-2069
Council District 9- "",��� �
North and South Kohala : :4 1"'��'r *' Email: tim.richards@haivaiicounty.gov
• J J�'b pov
Chair: Committee on Re enerative
g 44 OF•H�'�Agriculture, Water, Energy, &
Environmental Management
HERBERT M. "TIM" RICHARDS, III
HAWAII COUNTY COUNCIL —DISTRICT 9
25 Aupuni Street, Ste. 1402, Hilo, Hawai`i 96720
DATE: June 15, 2022
C
TO: Maile Medeiros David, Council Chair
and Members of the Hawai`i County Council
./j
FROM: Herbert M. "Tim"Richards, III, Council �- be d1' A
Susan K. Lee Loy, Council MembeA
SUBJECT: A Proposed Amendment to Resolution No. 441-22; A Resolution Determiniri the'
Real Property Tax Rates for the County of Hawai`i for Fiscal Year July 1, 2022,to
June 30, 2023.
Below is a proposed amendment to'Resolution No. 441-22 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. 441-22; 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 RESOLVED clauses are amended as follows:
"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 Buildings Net Taxable Lands
Classes of Property (Revenue %) (Revenue %)
A. Residential Tier One [11.84%] 11.89% [10.78%] 10.83%
Residential Tier Two [9.09%] 9.12% [7.65%] 7.68%
B. Affordable Rental Housing 0.42% 0.20%
C. Apartment [13.50%] 13.44% [2.94%] 2.93%
o 0
D. Hotel and Resort [2.98%] 2.96% [1.08/a] 1.07%
E. Commercial [3.26%] 3.27% [2.31%] 2.32%
F. Industrial [2.10%] 2.11% [1.75%] 1.76%
G. Agricultural or Native Forests [7.53%] 7.44% [6.62%] 6.54%
H. Conservation 0.20% [0.81%] 0.80%
I. Homeowner [9.32%] 9.36% [5.64%] 5.66%
Comm. No.' Q4 !2
Ref. To: pID1411%6 I
Hawaii County Is an Equal Opportunity Provider and Employer Ref. Date JUN 1 5-2022
BE IT FURTHER RESOLVED that based percentages upon the assigned es of
Pp g
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 $ 51,058,583 $ 46,508,596 $ 97,567,179
Residential Tier Two $ 39,188,492 $ 33,003,784 $ 72,192,276
B. Affordable Rental $ 1,802,395 $ 852,243 $ 2,654,638
Housin
C. Apartment $ [58,240,415] $ [12,676,549] $ [70,916,961]
57,742,634 12,568,203 70,310,837
D. Hotel and Resort $ [12,837,756] $ [1,650,991] $ [17,488,750]
12,726,607 4,610,726 17,337,333
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 $ [32,472,405] $ [28,560,352] $ [61,032,757]
Forests 31,940,070 28,092,150 60,032,220
H. Conservation $ [849,279] $ [3,479,710] $ [1,328,989]
841,926 3,449,582 4,291,508
I. Homeowner $ 40,203,464 $ 24,323,300 $ 64,526,764
$ [259,773,109] $ [171,551,736] $ [131,324,845]
TOTAL (ALL CLASSES): 258,624,491 170,904,792 429,529,283
BE IT FURTHER RESOLVED that based upon the aforementioned resolves,the
Council of the County of Hawai`i hereby determines the following schedule of rates to which
the various classes of real property in the County of Hawai`i shall be taxed per$1,000 of
assessed valuation for the fiscal year July 1, 2022,to June 30, 2023:
Tax Rate Per Thousand Tax Rate Per Thousand
Classes of Property Net Taxable Buildings Net 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
C. Apartment $ [11.70] 11.60 $ [11.70] 11.60
D. Hotel and Resort $ [11.55] 11.45 $ [11.55] 11.45
E. Commercial $ 10.45 $ 10.45
F. Industrial $ 10.45 $ 10.45
G. Agricultural or Native Forests $ [9.15] 9.00 $ [9.15] 9.00
H. Conservation $ [11.55] 11.45 $ [11.55] 11.45
I. Homeowner $ 6.05 $ 6.05 "
2
1