HomeMy WebLinkAboutRES 574 Draft 01 2024-2026 JMSY OF MI
COUNTY OF HAWAI`I ='= � . � STATE OF HAWAII
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RESOLUTION NO. 574 2 S
A 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:
Classes ofProperty Value of Net Taxable Value ofNet Taxable Value ofNet Taxable
Buildings Lands Real Property
A. Affordable Rental Housing $ 516,793,700 $ 269,687,100 $ 786,480,800
B. Residential(Tier One) $ 4,022,882,600 $ 6,231,610,600 $ 10,254,493,200
C. Residential(Tier Two) $ 1,013,443,000 $ 1,230,634,000 $ 2,244,077,000
D. Residential(Tier Three) $ 4,0a6,171,700 $ 1,482,465,800 $ 5,558,637,500
E. Apartment $ 6,882,639,750 $ 1,369,257,800 $ 8,251,897,550
F. Commercial $ 1,354,096,350 $ 1,163,075,300 $ 2,517,171,650
G. Industrial $ 880,834,350 $ 930,360,400 $ 1,811,194,750
H. Agricultural or Native Forests $ 3,479,189,200 $ 4,020,940,450 $ 7,500,129,650
I. Conservation $ 87,278,700 $ 335,019,200 $ 422,297,900
J. Hotel and Resort $ 1,452,139,950 $ 491,180,300 $ 1,943,320,250
IC Long-Term Rental $ 354,311,100 $ 157,900,800 $ 512,211,900
L. Homeowner $ 9,819,737,350 $ 5,232,986,150 $ 15,052,723,500
TOTAL(ALL CLASSES): $ 33,939,517,750 $ 22,915,117,900 $ 56,854,635,650
; 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:
Tax Rate Per Tax Rate Per
Classes of Property Thousand Net Thousand Net
Taxable Buildings Taxable Lands
A. Affordable Rental Housing $ 5.75 $ 5.75
B. Residential(Tier One) $ 11.10 $ 11.10
C. Residential(Tier Two) $ 14.50 $ 14.50
D. Residential(Tier Three) $ 17.00 $ 17.00
E. Apartment $ 11.70 $ 11.70
F. Commercial $ 10.70 $ 10.70
G. Industrial $ 10.70 $ 10.70
H. Agricultural or Native Forests $ 9.35 $ 9.35
I. Conservation $ 11.55 $ 11.55
J. Hotel and Resort $ 11.55 $ 11.55
K. Long-Term Rental $ 7.75 $ 7.75
L. Homeowner $ 5.75 $ 5.75
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:
Classes of Property Net Taxable Net Taxable Net Taxable
Buildings Lands Real Property
A. Affordable Rental Housing $ 2,971,564 $ 1,550,701 $ 4,522,265
B. Residential(Tier One) $ 44,653,997 $ 69,170,878 $ 113,824,875
C. Residential(TierTwo) $ 14,694,924 $ 17,844,193 $ 32,539,117
D. Residential(Tier Three) $ 69,294,919 $ 25,201,919 $ 94,496,838
E. Apartment $ 80,526,885 $ 16,020,316 $ 96,547,201
F. Commercial $ 14,488,831 $ 12,444,906 $ 26,933,737
G. Industrial $ 9,424,928 $ 9,954,856 $ 19,379,784
H. Agricultural or Native Forests $ 32,530,419 $ 37,595,793 $ 70,126,212
I. Conservation $ 1,008,069 $ 3,869,472 $ 4,877,541
J. Hotel and Resort $ 16,772,216 $ 5,673,132 $ 22,445,349
K. Long-Term Rental $ 2,745,911 $ 1,223,731 $ 3,969,642
L. Homeowner $ 56,463,490 $ 30,089,670 $ 86,553,160
TOTAL(ALL CLASSES): $ 345,576,152 $ 230,639,567 $ 576,215,719
2
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:
Classes ofProperty Net Taxable Net Taxable Net Taxable
Buildings Lands Real Property
A. Affordable Rental Housing 0.52% 0.27% 0.78%
B. Residential(Tier One) 7.75% 12.00% 19.75%
C. Residential(Tier Two) 2.55% 3.10% 5.65%
D. _Residential(Tier Three) 12.03% 4.37% 16.40%
E. Apartment 13.98% 2.78% 16.76%
F. Commercial 2.51% 2.16% 4.67%
G. Industrial 1.64% 1.73% 3.36%
H. Agricultural or Native Forests 5.65% 6.52% 12.17%
I. Conservation 0.17% 0.67% 0.85% •
J. Hotel and Resort 2.91% 0.98% 3.90%
K. Long-Term Rental 0.48% 0.21% 0.69%
L. Homeowner 9.80% 5.22% 15.02%
TOTAL(ALL CLASSES): 59.97% 40.03% 100.00%
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 Hilo, Hawai`i, this 21st day of May , 2026 .
INTRODUCED BY:
COUNCIL MEMBER, COUNTY OF HAWAI`I
COUNTY COUNCIL ROLL CALL VOTE
County of Hawai`i AYES NOES ABS EX
Hilo, Hawai`i GALIMBA X
HUSTACE X
I hereby certify that the foregoing RESOLUTION was by INABA X
the vote indicated to the right hereof adopted by the COUNCIL of the
County of Hawai`iKAGIWADA X on May 21, 2026 .
KANEALI`I-KLEINFELDER X
KIERKIEWICZ X
ATTEST: KIMBALL =,X
ONISHI X
VILLEGAS X
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Reference: C-905/Waived FC
C UNTY CLERK HAIRPERSON&PRESIDING OFFICER RESOLUTION NO. 574 4 26
I II 1111 251111II RI
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