HomeMy WebLinkAboutCOM 0883.004 2022-2024 ,1�tY'aF SY
Dr. Holeka Goro Inaba cP,.�4; bti' ; Office: (808) 323-4250
Council Member, District 8, N. Kona Entail.holeka.inaba@hmvaiicormty.gov
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F AWAPI COUNTY COUNCIL C
County of Hmvai i f
West Hmvai'i Civic Center, Bldg.A c--)
74-5044 Ane Keohokalole Hivy.
Kaihia-Kona, Hmvai'i 96740 -
DATE: May 30, 2024 '4
TO: (leather L. Kimball, Council Chair
and Members of the Hawaii County Council
FROM: Dr. Holeka Goro Inaba, Council Member ��� .•�-� �
Council District 8 OF
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 lands within each class of property are listed as follows:
Net Taxable Buildings Net Taxable Lands
Classes of Property (Revenue%) (Revenue %)
A. Affordable Rental Housing 10.490%] 0.50% [9-.2-3-OA] 0.24%
B. Residential Tier One [S-9"0 ] 8.86% [42-.7&°.�] 12.71%
C. Residential Tier Two [11.64%] 11.58°/fl [tea] 6.04%
D. Apartment [ .-2 0"] 15.18% [2:94%e] 2.92%
E. Commercial [2�%] 2.86% [2-. 0J�] 2.10%
F. Industrial [x]1.87 % [144-%11.80%
G. Agricultural or Native Forests [6:25%] 6.17% [6;9.9°x] 6.95%
H. Conservation 0.19% 0.74%
I. Hotel and Resort [ ] 2.940/o 1.03%
J. Homeowner [9320/x] 9.80% 5.53% ++ ''
Cosi,. No.
Ref. Yo: p ISO bb—WM-1
Howai`i County Is an Equal Opportunity Prowler and Employer Ref. Date-MAT-3 0 2024
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 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)
46 66z 1 1�c n51 627 '71 n
A. Affordable Rental Housing [L;-.oL;o��] [�T] [�;v��,�;-,�]
2,548,321 1 20, 5,574 3,753,895
B. Residential Tier One $ 44,969,368 $ 64,487,857 $ 109,457,225
C. Residential Tier Two $ 58,772,166 $ 30,650,912 $ 89,423,078
D. Apartment $ 77,028,348 $ 14,818,475 $ 91,846,822
E. Commercial $ 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 $ 3,752,523 $ 4,732,100
1. Hotel and Resort $ 14,932,677 $ 5,217,353 $ 20,150,030
J. Homeowner $ [4", ] $ [27,Tz�--rv-�i�-�rrT] $ [75,'��9]
49,751,694 28,046,273 77,797,967
$ [302 ] $ [202,260,614]52 24 $ [50 '781 856]
- � ���
OTAL ALL CLASSES): 304.279,229 203,243,867 507,523,095
—[ �
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-.7-5] 5.95 $ [&.-7-5] 5.95
B. Residential Tier One $ 11.10 $ 11.10
C. Residential Tier Two $ 13.60 $ 13.60
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 $ 11.55 $ 11.55
I. Hotel and Resort $ 11.55 $ 11.55
J. Homeowner $ [5-74] 5.95 $ [S-.7-5] 5.95 "
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