HomeMy WebLinkAboutRES 084 Draft 01 2000-2002 COU1~T'TY O~ I3A~IAI`I S`I`A`I'E O~ ~IA~IAI~I
RESOLUTION NO.
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF
HAWAII FOR THE FISCAL YEAR JULY 1, 2001, TO JUNE 30, 2002.
WHEREAS, Chapter 19, Article 11, Section 19-90 of the Hawaii County Code, as amended, provides
for the establishment of tax rates by the Council of the County of Hawaii for net taxable land and net taxable
buildings of each class of property established in accordance with Chapter 19, Article 7, Section 19-53(e) of
the Hawaii County Code, as amended; and
WHEREAS, the Council has taken as a basis for calculating the real property tax rate for the County of
Hawaii the following schedule of aggregate values of real property for the various classes in the County of
Hawaii assessable for tax purposes as of Apri126, 2001, certified and furnished by the Director of Finance of
the County of Hawaii:
Value of Net
Value of Net Value of Net Taxable Real
Classes of Property Taxable Buildings Taxable Land Property
(A) Improved Residential $ 702,795,236 $ 929,082,090 $ 1,631,877,326
(B) Apartment 1,108,162,748 607,368,097 1,715,530,845
(C) Commercial 434,809,916 404,681,514 839,491,430
(D) Industrial 175,925,863 219,603,287 395,529,150
(E) Agricultural or Native Forest 721,914,694 1,565,525,393 2,287,440,087
(F) Conservation 13,051,768 281,050,593 294,102,361
(G) Hotel and Resort 679,994,690 674,697,640 1,354,692,330
(H) Unimproved Residential 34,430,005 266,679,928 301,109,933
(I) Homeowners 1,131,339,602 1,120,212,988 2,251,552,590
TOTAL-ALL CLASSES $5.002.424,522 6.068.901.530 $11.071.326.052
and
WHEREAS, the Administration has determined that it anticipates collecting 96.68% of assessments;
and
WHEREAS, in order to assure that real property taxes are levied upon all applicable real property
owners, the real property tax rates are based upon the following total revenues:
Revenue Collection Based on 96.68% of Assessments $87,996,000
Amount of Unanticipated Collection 3,020,893
Total Revenues to be Derived from Real Property 91.016?893
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII
that the following percentages of the revenues to be derived from current real property taxes are assigned to
the net taxable lands and net taxable buildings within each of the following classes of property:
Revenues Percentage Revenue Percentage
Net Taxable Building Net Taxable Land
Classes of Property Percentage Percentage
(A) Improved Residential 6.56% 8.68%
(B) Apartment 10.35% 6.67%
(C) Commercial 4.06% 4.45%
(D) Industrial 1.64% 2.41
(E) Agricultural or Native Forest 6.74% 17.20%
(F) Conservation 0.12% 3.09%
(G) Hotel and Resort 6.35% 7.42%
(H) Unimproved Residential 0.32% 2.93%
(I) Homeowners 5.53% 5.48%
BE IT FURTHER RESOLVED that based upon the assigned percentages of revenues to be raised, the
amount of revenues to be derived within the net taxable buildings and the net taxable land of each class are
listed as follows:
Revenues Revenues Revenues
Net Taxable Net Taxable Net Taxable Real
Classes of Property Buildings Land Pro ert
(A) Improved Residential $ 5,973,760 $ 7,897,198 $ 13,870,958
(B) Apartment 9,419,383 6,073,681 15,493,064
(C) Commercial 3,695,884 4,046,815 7,742,699
(D) Industrial 1,495,370 2,196,033 3,691,403
(E) Agricultural or Native Forest 6,136,275 15,655,254 21,791,529
(F) Conservation 110,940 2,810,506 2,921,446
(G) Hotel and Resort 5,779,955 6,746,976 12,526,931
(H) Unimproved Residential 292,655 2,666,799 2,959,454
(I) Homeowners 5 034,461 4,984,948 10,019,409
TOTAL-ALL CLASSES 37.938.683 $53.078.210 91.016,,893
BE IT FURTI-IER 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, 2001, to June 30, 2002.
Tax Rate Per Thousand Tax Rate Per Thousand
Classes of Property Net Taxable Buildings Net Taxable Lands
(A) Improved Residential 8.50 8.50
(B) Apartment 8.50 10.00
(C) Commercial 8.50 10.00
(D) Industrial 8.50 10.00
(E) Agricultural or Native Forest 8.50 l 0.00
(F) Conservation 8.50 10.00
(G) Hotel and Resort 8.50 ] 0.00
(H) Unimproved Residential 8.50 10.00
(I) Homeowner 4.45 4.45
BE IT FURTHER RESOLVED that the Clerk of the County of Hawaii be and is hereby directed to
transmit a certified copy of the Resolution to the Director of Finance of the County of Hawaii.
Dated at Hilo, I-Iawai`i, this 6th day of June , 2001.
INTRODUCED BY:
C;~-
COUNCIL MEMBER, COUN Y OF HAWAII
COUNTY COUNCIL ROLL CALL VOTE
County of Hawaii
Hilo, HaWaF`1 AYES NOES ABS EX
ARAKAKI X
CHUNG X
I hereby certify that the foregoing RESOLUTION was by F.LARIONOFF X
I~he vote indicated to the right hereof adopted by the COUNCIL of the JACOBSON X
County of Hawaii on June 6, 2001
LEITHEAD-TODD X
PISICCHIO X
ATTEST: SAFARIK X
TYLER
YAGONG
7 0 2 0
Reference: C-217 6w~
COUNTY CLERK CHAIRMAN & PRESIDING OFFICER RESOLUTION NO.