HomeMy WebLinkAboutRES 079 Draft 01 2002-2004 COUNTY OF HAWAII STATE OF HAWAII
RESOLUTION N0.~9 03
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RA"f ES FOR THE COUNTY OF
HAWAI`1 FOR THE F[SCAL YEAR JULY I, 2003, TO JUNE 30, 2004.
WHEREAS, Chapter 19, Article I I, 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 ~~alues of real property for the various classes in the County
of Hawaii assessable for tax purposes as of April 21, 2003. certified and furnished by the Director of
Finance of the County of Hawaii:
Value ofNet
Value of Net Value of Net Taxable Real
Classes of Progeny Taxable Building Taxable Land Property
(A) Improved Residential S 826,772,650 $ 1,035,139,000 S 1,861,911,650
(B) Apartment S 1,506,171,875 $ 777,078,625 S 2,283,250,500
(C) Commercial S 473,665,073 S 416,505,292 S 890,17Q365
(D) Industrial $ 207,675,450 S 227,8U,250 $ x35,492,700
(E) Agricultural or Native Forests S 842.650,235 S 1,522,579,361 $ 2,365,229,596
(F) Conservation $ 17,250,677 $ 325?61 J91 $ 342,512,468
(G) Hotel and Resort $ 780,724,900 $ 856,149,850 R 1,637,274,750
(H) Unimproved Residential $ 28,211,850 $ 308,963,150 $ 337,175,000
(1) Homeowner S 1,453,595,450 $ 1,384,728.101 5 2,738,323,551
TOTAL-ALL CLASSES S 6,136,718,160 $ 6,754.622,420 S 12,891 340,580
and
WHEREAS, the Council completed its public hearings on May 21 and 22, 2003, and shall adopt the
tax rates on or before June 20, 2003, and
NOW. THEREFORE, BE IT RESOLVED BY THE COUNCfL OF THE COUNTY OF HAWAI`1
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:
Revenue Percentaee Revenue Pcrcentaee
Classes of Property Net Taxable Buildine Net Taxable l..and
(A) Improved Residential 6.61°4, 8.28°~~
(B) Apartment 13.04°/„ 6.73%
(C) Commercial 4. I 0"0 3.61
(D) ]ndustrial I.RO°%o 1,97,,,
(E) Agricultural or Native Forests 7294„ 13.18%
(F) Conservation 0. I S°,;, 2.81
(G) Hotel and Resort 6J6°/~ 7.41 °i,
(H) Unimproved Residential O24°h 2.67°~~
(I) Homeowner 7.09°/„ 626`ib
BE [T 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
arc listed as follows:
Revenues Net
Revenues Net Revenues Net Taxable Real
Classes of Property Taxable Building Taxable Land Pro
(A) Improved Residential $ 7,523,631 $ 9,419,765 $ 16,943,396
(B) Apartment $ 14,835,793 $ 7,654,224 $ 22,49Q017
(C) Commercial $ 4,665,601 $ 4,102,577 $ 8,768,178
(D) Industrial $ 2,045,603 $ 2,244,000 $ 4,289,603
(E) Agricultural or Native Forests $ 8,300,105 $ 14,997,407 $ 23,297,512
(F) Conservation $ 169,919 $ 3,203,829 $ 3373,748
(G) Hotel and Resort $ 7,690,140 $ 8,437,016 $ 16.127,156
(I~ Unimproved Residential $ 277,887 $ 3,043,287 $ 3,321,174
Q) Homeowner $ 8,067,455 $ 7,130,241 $ 15.197,696
TOTAL-ALL CLASSES $ 53,576,134 $ 60,232,346 $ 113,808,480
BE IT FURTI-lER RESOLVED that based upon the aforementioned resolves, the Council of the
County of Hati=~ai`i hereby det~~ ~~nincs the fo!_lowing schedule of rates to e~~hich the various classes of real
property in the County of ;
Iawai `i s'nall be t:xxed per $1,000 of assessed valuation for the fiscal year
July 1, 2003, to June 30, 200.
Tic R~to Per Tax Rate Per
T ousand. Net Thousand Net
~~~es of Proaerty Taxable I3l~i~d~,rS Taxable I .a.nds
(A) Improved Residential $ 9.10 $ 9.10
(B) Apar-tnaont $ 9.85 $ 9.85..
(C) Commercial....... $ 9.85 $ 9.8_S
(D) Industrial $ 9.85 $ 9.8.5
(E) Agricultural or Native Forests $ 9.85 $ 9.85
(F) Conservation $ 9.85 $ 9.85
(G) Hotel and Resort $ 9.85 $ 9.85
I) UnimErov;;d Residential $ 9.85 $ 9.85
(I) Homeos.~,~ner $ 5.55 $ 5.55...
BE IT r~URT~-IER 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 }lawai`i.
Dated at H; ,Hawaii, this 4th daY of June , 2003.
INTROPfU~D I3Y: ,
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COUNC,,.r` MEMBER, COUNTY OE HAWAII
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County of Hawaii
Hilo, Havsrai`i ~ - avES woes ABS Ex
ARAKAKI X
C', IiJIVG X
I hereb certif ti°~at the fore oin RESOLUTION was h
Y Y g g Y EI,ARIO]`"OFF X
The v<rtc indicated to the right hereof adopted tsy the COUNCI L of the -
County of Hawaii on _June_4-, _2003 HOI.SCIIUH X
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_ X I
JACOSSON
LEtTHEAf~-~f ODD
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ATTEST: . REYNOL.DS ~ - ~ ~ i
..1,~ j: ~ SAFARIK X L -
~ z<- I TYLER I
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Reverence: C- 2 5.5/FC~Waived
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COUNTY CLERK CHAIRMAN & PRESIDING OI FICER RESOLU l ION NO.