HomeMy WebLinkAboutRES 219 Draft 01 2000-2002 COLTI®T`I`Y O~ ~IAV~IAI~I ~`~A'I'~ OF I~~~UAI~I
~SOLU'TION NO. ~ U%~
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF
HAWAII FOR THE FISCAL YEAR JULY 1, 2002, TO JUNE 30, 2003.
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 1Iawai`i 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 April 25, 2002, 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 $ 745,956,100 $ 982,098,254 $ 1,728,054,354
(B) Apartment 1,298,965,310 692,298,805 1,991,264,115
(C) Commercial 419,126,245 410,289,290 829,415,535
(D) Industrial 181,811,658 217,551,613 399,363,271
(E) Agricultural or Native Forest 767,171,430 1,511,217,032 2,278,388,462
(F) Conservation 12,708,055 265,025,127 277,733,182
(G) Hotel and Resort 698,519,577 742,370,886 1,440,890,463
(H) Unimproved Residential 25,869,170 299,284,763 325,153,933
(I) Homeowners 1,234,938,515 1,185,169,340 2420,107,855
TOTAL-ALL CLASSES $5.38.5
066.060 $6.305..30.5,1.10 $.1.1.,690.37.:1„ 170
;and
WHEREAS, the Administration has determined that it anticipates collecting 98.72% 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 98.72 of Assessments $102,128,196
Amount of Unanticipated Collection 1,319,455
Total Revenues to be Derived from Real Property $103~447~651
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% 8.64%
(B) Apartment 12.37% 6.59%
(C) Commercial 3.99% 3.91
(D) Industrial 1.73% 2.07%
(E) Agricultural or Native Forest 7.30% 14.39%
(F) Conservation 0.12% 2.52%
(G) Hotel and Resort 6.65% 7.07%
(H) Unimproved Residential 0.25% 2.85%
(I) Homeowners 6.63% 6.36%
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 Property
(A) Improved Residential $ 6,788,201 $ 8,937,094 $ 15,725,295
(B) Apartment 12,794,808 6,819,143 19,613,951
(C) Commercial 4,128,393 4,041,350 8,169,743
(D) Industrial 1,790,845 2,142,883 3,933,728
(E) Agricultural or Native Forest 7,556,639 14,885,488 22,442,127
(F) Conservation 125,174 2,610,497 2,735,671
(G) Hotel and Resort 6,880,418 7,312,353 14,192,771
(H) Unimproved Residential 254,811 2,947,955 3,202,766
(I) Homeowners 6,853,909 6,577,690 13,431,599
TOTAL-ALL CLASSES $47.173.198 $ 56274.,453 $1.03.477.651
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, 2002, to June 30, 2003.
Tax Rate Per Thousand Tax Rate Per Thousand
Classes of Property Net Taxable Buildings Net Taxable Lands
(A) Improved Residential $ 9.10 $ 9.10
(B) Apartment $ 9.85 $ 9.85
(C) Commercial $ 9.85 $ 9.85
(D) Industrial $ 9.85 $ 9.85
(E) Agricultural or Native Forest $ 9.85 $ 9.85
(F) Conservation $ 9.85 $ 9.85
(G) Hotel and Resort $ 9.85 $ 9.85
(H) Unimproved Residential $ 9.85 $ 9.85
(I) Homeowner $ 5.55 $ 5.55
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 ,Hawaii, this day of , 2002.
INTRO ED BY:
•
COUNCIL MEMBE , COUNTY O HAWAII
COUNTY COUNCIL ROLL CALL VOTE
County of Hawaii
H110, HaWal`1 AYES NOES ABS EX
ARAKAKI
CHUNG
I hereby certify that the foregoing RESOLUTION was by ELARIONOFF
The vote indicated to the right hereof adopted by the COUNCIL of the JACOBSON
Countv of Hawaii on
LEITHEAD-TODD
PISICCHIO
ATTEST: SAFARIK
TYLER
YAGONG
Reference: C - 6 4 S
COUNTY CLERK CHAIRMAN & PRESIDING OFFICER RESOLUTION NO. ~