HomeMy WebLinkAboutRES 583 Draft 01 2024-2026A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAI‘I FOR THE FISCAL YEAR ENDING JUNE 30, 2027.
WHEREAS, Chapter 19, Article 11, Section 19-90(b), of the Hawai‘i County Code 1983 (2016 Edition, as amended) (hereinafter the “Code”), provides for the establishment of tax rates via
resolution by the Council of the County of Hawai‘i for net taxable buildings and net taxable lands for each class of property; and
WHEREAS, Chapter 19, Article 7, Section 19-53(e), of the Code, provides for the classification of property in the County, which was amended by Ordinance No. 24-69 to add a new class
for long-term rentals, effective January 1, 2026; and
WHEREAS, Chapter 19, Article 6, Section 19-46.1, of the Code, provides for the establishment of multiple tiers of tax rates for properties classified as residential, which was recently
amended by Ordinance No. 26-23 to add a third tier, effective March 25, 2026; and
WHEREAS, the Council of the County of Hawai‘i has taken as a basis for calculating the real property tax rate for the County the following schedule of aggregate values of real property
for the various classes in the County assessable for tax purposes as of April 17, 2026, certified and furnished by the Director of Finance:
; and
WHEREAS, the Council of the County of Hawai‘i completed its public hearing on May 19, 2026, and shall adopt the tax rates on or before June 20, 2026; now, therefore,
BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAI‘I that this body hereby sets the following schedule of rates to which the various classes of real property in the County shall be
taxed per $1,000 of assessed valuation for the fiscal year ending June 30, 2027:
BE IT FURTHER RESOLVED that based upon the above schedule of rates, the approximate 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:
BE IT FURTHER RESOLVED that based upon the approximate revenue to be raised, the approximate percentage of 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:
BE IT FINALLY RESOLVED that the County Clerk shall transmit a copy of this resolution to the Honorable Mayor C. Kimo Alameda and the Director of Finance.
Dated at _______, Hawai‘i, this _______________day of __________________, 20___.
INTRODUCED BY:
_______________________________________
COUNCIL MEMBER, COUNTY OF HAWAI‘I