HomeMy WebLinkAboutCOM 0533.021 2000-2002 v~ttl ®s y~
Harry Kim ~'~u- ~ Dixie Kaetsu
Mayor ~ Managing Director
Sa
a¢ a, . Peter T. Young
~4 ~'OR Me'w'`` Deputy Managing Director
County of ~iawai`i
25 Aupuni Street, Room 21i • Hito, Hawaii 96720
(808}961-8211 • Fax (808)961-6553
L
May 3, 2002 '
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The Honorable Chairman James Y. Arakaki
and Members of the County Council -
County of Hawaii J
Hilo, HI 96720
Dear Chairman Arakaki and Council Members:
During my budget presentation to the Council Finance Committee on March 14, I was
asked to recommend new real property tax rates for FY 2002-03. My proposal is
provided below.
Prot~osal
Based on our overall goal, guiding principles, and conclusions (Attachment A), we
recommend using the following tax rates for FY 2002-03:
Classi~cati®n Building Land
Improved Residential 9.10 9.10
Unimproved Residential 9.85 9.85
Apartment 9.85 9.85
Hotel and Resort 9.85 9.85
Commercial 9.85 9.85
Industrial 9.85 9.85
Agricultural 9.85 9.85
Conservation 9.85 9.85
Homeowners 5.55 5.55
The net effect of this proposal is that it increases the average rate of the Homeowners
class by $1.10 and all other classes by $.60. It will generate an additional $7.6 million in
real property tax revenues, enough to meet our projected shortfall (see Exhibit F and F-1).
This proposal has the following advantages:
ale Igo.
I{a°. To:
Honorable James Y. Arakaki
and Members of the County Council
Page 2
May 3, 2002
1. It increases revenues for services.
2. It continues to support home ownership by providing lower rates for the Homeowners
and Improved Residential classes. The Homeowners rates, $5.55/$1,000 for building
and $5.55/$1,000 for land, are still $1.45 lower than they were in 1992-93, and $2.95
lower than in 1991-92. The average tax bill for persons in this class will be $477, just
$14 more than what it was in 1992-93 .
3. It reduces the rate differences between the Homeowners and other classes.
4. It recognizes service consumption when increasing the Homeowners rate and
decreasing the average bill of Unimproved Residential and Conservation properties.
5. Rates are easy to understand.
We believe that this proposal is consistent with the overall goals and principles that we
adopted in making our decision. We thank you for the opportunity to present it to you.
Alo
G^~~~
Harry Kim
Mayor
Attachments
Attachment A
PROPOSAL BACKGROUND
Overall Goal
To have a real property tax program in Hawaii County that is fair and simple, and
generates revenues adequate to meet the needs of our residents.
Guiding, Principles
1. Rates must generate enough revenues to enable the County to do its job-maintain
the level of services needed by our residents and encourage appropriate economic
growth, including the expansion of Hawaii's agricultural industry.
2. Revenues generated by each class of property should relate to its proportion of total
net taxable values.
3. Rates should reflect a commitment by the County to make home ownership more
affordable, particularly for older persons on fixed incomes and young families
purchasing their first home.
Rates should account for existing benefits and the consumption of County services by
properties in a class.
5. The tax rate structure should be kept simple.
Conclusions
1. Rates must be increased in all classifications to generate revenues needed to
maintain existing services. County services must be provided at least at their current
levels.
2. Revenues generated must be in closer proportion to net taxable values, with
reduced rates given to the Iomeowners and Improved Residential classes. The
Homeowners class includes properties that are used solely as the owner's primary
residence. A large segment of this group includes older persons on fixed incomes and
first-time home buyers with large mortgage payments. We continue to support
reduced rates for the Homeowners class. We believe, however, that the differences in
rates between this and all other classes of property must be reduced, based on other
benefits (i.e., exemptions) available for properties in this class, and the high
consumption of County services by homeowners. By narrowing this gap, other
classes of property will share less of the overall tax burden.
Over the past ten years, most of the owners of properties in the Homeowners class
saw their rates drop as follows:
1991-92 $8.50/$1,000 for both building and land
1992-93 $7.00/$1,000 for both building and land
1993 to present $4.45/$1,000 for both building and land
As a result, the average tax bill for properties in the Homeowners class is currently
$363, slightly more than half the average bill of $713 for properties in the Improved
Attachment A
Page Two
Residential class. The average tax bill for Hawaii County's Homeowners class is far
less than those of Maui ($665) and Kauai ($529).
The Improved Residential class includes properties that are not used as the owner's
primary residence or are used, at least in part, for commercial purposes. This class is
now taxed at the second lowest rates. We support maintaining slightly lower rates for
Improved Residential properties to continue encouraging home ownership.
3. A uniform rate should be established for building and land in each property
classification. The reasons for using different tax rates for building and land are no
longer applicable. To simplify the rate structure, we recommend using the same rate
for both building and land in each class. We recognize, however, that switching to a
uniform class rate and increasing rates at the same time may, at first, be confusing for
many who want to calculate the actual changes in rates.
The change to a similar rate for building and land may benefit properties in the
Unimproved Residential and Conservation classes since the values of most of
properties in these classes are in the land. Currently, the land rate for both classes is
$10/$1,000, while the building rate is $8.50/$1,000. A uniform rate, assuming it is
less than $10/$1,000, would serve to drop average tax bills for properties in these
classes. Based on the modest consumption rates for these properties, this would seem
reasonable.
Rate Models Developed and Analyzed
Based on our general conclusions, we developed and analyzed six rate models:
1. Existing Rates (Exhibit A)
2. Single Rate, $8.84 (Exhibit B)
3. Current Bld/Land Avg + 8.5% (Exhibit C)
4. Current Bld/Land Avg + $.70 (Exhibit D)
5. Current Bld/Land Avg + 6.5% for 8 Classes; + 25% for Homeowners (Exhibit E)
6. Using Collection Percentages (Exhibit F & F-1)
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