HomeMy WebLinkAboutCOM 0883.003 2022-2024 J�tY'nF !t
Dr. Holeka Goro Inaba 'xAf., Office: (808) 323-1280
Comicil Hember, District 8, N. Kona Einail:holeka.inabaa hawaiicounly,gov
OF
HAWAII COUNTY COUNCIL c
Coilniy of Hawai`i K M
J,Vest Hawai'i Civic Center, Bldg.A C-) _
74-5044 Ane Keohokalole Htiy> -
Kailxa-Kona, Hmvai'i 96740
DATE: May 30, 2024
TO: Heather L. Kimball, Council Chair
and Members of the Hawaii County Council
FROM: Dr. Holeka Goro Inaba, Council Member
Council District 8
SUBJECT: Proposed Amendments to Resolution No, 525-24; A Resolution Determining the
Real Property Tax Rates for the County of Hawaii for the Fiscal Year July 1, 2024,
to June 30, 2025.
Below are proposed amendments to Resolution No. 525-24 to amend the real property tax rates for
fiscal year 2024-2025 and to change the net revenues and net revenue percentages based on the
amended rates. The proposed amendments are illustrated in Ramseyer format with respect to
Resolution No. 525-24; material to be deleted is bracketed and stricken, and material to be added is
underscored. A draft copy of this resolution that would result if these proposed amendments are
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 buildings and net taxable lairds within each class of property are listed as follows:
Net Taxable Buildings Net Taxable Lands
Classes of Property (Revenue%) (Revenue %)
A. Affordable Rental Housing [0:49°,x] 0.48% 0.23%
B. Residential Tier One [&.9"o 18.79% [Ia-.7"O 12.61%
C. Residential Tier Two [4-664°x] 12.13% [647-0A] 6.32%
D. Apartment [4-5.26%] 15.06% [q-.94-04,] 2.90%
E. Commercial [1-Sr 0 ] 2.83% [244-0,] 2,09%
F. Industrial [140.x] 1.85% [17"] 1.78%
G. Agricultural or Native Forests L66.200%] 6.13% [6:990.x] 6.90%
H. Conservation [0:1-9°/$] 0.20% [0:740A] 0.78%
I. Hotel and Resort [�.�] 3.11% [493 8] 1.09%
J. Homeowner [9629A] 9.40% [54710A] 5.30%
Comm. No.
Ref. To: V {,�
Hawai`i County Is mi Equal Opportunity Provider and Earpla)?er Ref. Date 2024
BB 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 buildings and net taxable lands within each class of property are listed as
follows:
Net Taxable Net Taxable Real
Net Taxable Lands
Classes of Property Buildings (Revenue) Property
(Revenue) (Revenue)
A. Affordable Rental Housing $ 2,462,663 $ 1,165,051 $ 3,627,714
B. Residential Tier One $ 44,969,368 $ 64,487,857 $ 109,457,225
C. Residential Tier Two $ [59,7-72-1{6] $ [3", �] $ [89A, 2-3-,M]
62,013,278 32,341,219 94,354,497_. _
D. Apartment $ 77,028,348 $ 14,818,475 $ 91,846,822
E. Co►nmercial $ 14,495,948 $ 10,666,666 $ 25,162,614
F. Industrial $ 9,480,113 $ 9,120,819 $ 18,600,932
G. Agricultural or Native Forests $ 31,321,017 $ 35,277,415 $ 66,598,433
H. Conservation $ [979,576] $ [3;--5-2; 3] $ [4-,732-,190]
1,043,185 3,996,194 5,039,379
C 717 35Z ']n 15n n3n
1. Hotel and Resort [44,932-,677] $ [���] $ [--Lo�T�o;4�0]
15,902,332 5,556,142 21,458,474
J. Homeowner $ 48,079,368 $ 27,103,541 $ 75,182,909
$ [302,521,245] $ [202,260,61-11 $ [.5041 ' 917�v r� _49:56]
l a >
TOTAL ALL CLASSES): 306,795,620 204,5 33,379 511,328,999
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, 2024, to June 30, 2025:
Tax Rate Per Tax Rate Per
Classes of Property Thousand Thousand
Net Taxable Buildings Net Taxable Lands
A. Affordable Rental Housing $ 5.75 $ 5.75
B. Residential Tier One $ 11.10 $ 11.10
C. Residential Tier Two $ [4-,2.60] 14.35 $ [4-3-,-60] 14.35
D. Apartment $ 11.70 $ 11.70
E. Commercial $ 10.70 $ 10.70
F. Industrial $ 10.70 $ 10.70
G. Agricultural or Native Forests $ 9.35 $ 9.35
H. Conservation $ [41-5-5] 12.30 $ [-1-1-:55] 12.30
I. Hotel and Resort $ [x-1-:55] 12.30 $ [IM-5] 12.30
J. Homeowner $ 5.75 $ 5.75 "
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