HomeMy WebLinkAboutRES 189 Draft 01 2002-2004 COUNTY OF HAWAII STATE OF HAWAII
RESOLUTION N0.189 0$
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF
HAWAII FOR THE FISCAL YEAR JULY 1, 2004, TO JUNE 30, 2005.
WHEREAS, Chapter 19, Article l 1, 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(c) 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 19, 2004, certified and furnished by the Director of
Finance of the County of Hawaii:
Value of Net Value of Net Value of Net Taxable
Classes of Property Taxable Building Taxable Land Real Property
(A) Improved Residential $ 969,500,350 $ 1,264,099,640 $ 2,233,599,990
(B) Apartment $ 1,772,930,100 $ 745,529,600 $ 2,518,459,700
(C) Commercial $ 516,944,660 $ 455,664,175 $ 972,608,835
(D) Industrial $ 226,264,554 $ 239,022,037 $ 465,286,591
(E) Agricultural or Native Forests $ 917,253,374 $ 1,697,116,984 $ 2,614,370,358
(F) Conservation $ 24,484,550 $ 346,186,446 $ 370,670,996
(G) Hotel and Resort $ 845,025,500 $ 897,268,400 $ 1,742,293,900
(H) Unimproved Residential $ 30,407,500 $ 366,885,481 $ 397,292,981
(1) Homeowner $ 1,714,554,900 $ 1,504,821,543 $ 3,219,376,443
TOTAL-ALL CLASSES $ 7,017,365,488 $ 7,516,594,306 $ 14,533,959,794
and
WHEREAS, the Council completed its public hearings on May 19 and 20, 2004, and shall adopt the
tax rates on or before June 20, 2004, and
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL 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 Percentage
Classes of Property Net Taxable Buildinc Nct Taxable Land
(A) Improved Residential 6.91% 901%
(B) Apartment 13.68% 5.75%
(C) Commercial 3.99% 3.52%
(D) Industrial 1.75% 1.85%
(E) Agricultural or Native Forests 7.08% 13.10%
(F) Conservation 0.19% 2.67%
(G) Hotel and Resort 6.52% 6.92%
(H) Unimproved Residential 0.23% 2.83%,
(1) Homeowner 7.46% 6.54°/~
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 cash class
arc listed as follows:
Revenues Net
Revenues Net Revenues Net Taxable Real
Classes of Proms Taxable Buildine Taxable Land Pro c
(A) Improved Residential $ 8,822,453 $ 11,503,307 $ 20,325,760
(B) Apartment $ 17,463,361 $ 7,343,467 $ 24,806,828
(C) Commercial $ 5,091,905 $ 4,488,292 $ 9,580,197
(D) Industrial $ 2,228,706 $ 2,354,367 $ 4,583,073
(E) Agricultural or Native Forests $ 9,034,946 $ 16,716,602 $ 25,751,548
(F) Conservation $ 241,173 $ 3,409,936 $ 3,651,109
(G) Hotel and Resort $ 8,323,501 $ 8,838,094 $ 17,]61,595
(H) Unimproved Residential $ 299,514 $ 3,613,822 $ 3,913,336
(p Homeowner $ 9,515,780 $ 8,351,760 $ 17,867,540
TOTAL-ALL CLASSES $ 61,021,339 $ 66,619,647 $ 127,640,986
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, 2004, to June 30, 2005.
Tax Rate Per Tax Rate Per
Thousand Net Thousand Net
Classes of Property Taxable Buildings 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 Forests $ 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
(1) 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 Hawai `i.
Dated at Hilo , Hawaii, this 2nd day of June , 2004.
INTRODUCED BY:
COUNCIL MEMB ,COUNTY OF HAWAII
COUNTY COUNCIL ROLL CALL vOTE
County of Hawaii
H110, Hawaii AYES NOES ABS Er
ARAKAKI
CHUNG
I hereby certify that the foregoing RESOLUTION was by ELARIONOFF X
The vote indicated to the right hereof adopted by the COUNCIL of the HOLSCHUH
Cuunty of Hawaii an ~7urie 1 ~ 204 X
JACOBSON X
REYNOLDS
ATTEST: SAFARIK X
• TULANG X
TYLER X
8 1 0 0
Reference: - ~ ~ 4
COUNTY CLERK CHAIRMAN & PRESIDING OFFICER RESOLUTION NO.