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HomeMy WebLinkAboutCOM 0118.030 2002-2004 Page 1 of 1 Shintani, Earlanne From: Dean Uchida [duchida@lurt.org] ` Sent: Wednesday, September 29, 2004 11:30 AM To: Fred Holschuh Cc: Takai, Wesley Subject: Testimony on Bill No. 49 Ag Real Property Taxes Importance: High Forgot to attach Bill No. 49 from Honolulu. Councilmember Holschuh, Attached is our testimony for the subject bill which we understand is being heard tomorrow night at Konawaena. We also attached a copy of Bill No. 49 that was approved by the City Council in Honolulu dealing with Ag real property taxes in the City and County of Honolulu. We look forward to further discussion with the County Council and County of Hawaii Administration on this matter. Unfortunately, it does not appear that we will be able to attend tomorrow's hearing. However, please keep us informed as this bill moves through your council process. Let me know ifyou have any questions. dean M•r,n Il,~.h ida, H:xrs•.uti~'o Uina•t~ir L;r,nd l rug. I G+sea~m h Ihm ndation ul' l la~wa~i i 7(NI Bishop Sfrvrts SuifT 1!)2tV looolulu, Ila~wa~ii 9(itiliS Phono: NIAi.fi21.4717 Comm. No.~~~ Ref. To: Ref. Uate CFP ~ ~ 2~ A 9/29/04 AG REAL PROPERTY TAX COMPARISON Example Comparison of the Different Ag Real Property Tax Methods Parcel used in the comparison is a 100 acre ag zoned parcel, 40 Acres diversified; 10 Acres Unusable/Waste; 30 Area Fair Market Tax Total Tax Land Use Discount (Ac) Value ($/Ac) Rate Liability 2005-2006 Proposed (Task Farce) Assessed Value @ $35,000 per Acre 40 Diversified Agriculture $ 35,000.00 $ 3.75 $ 5,250.00 30 Pasture $ 35,000.00 $ 3.75 $ 3,937.50 10 Unusable/Waste $ 35,000.00 $ 3.75 $ 1,312.50 20 Vacant $ 35,000.00 $ 3.75 $ 2,625.00 100 $ 13,125.00 40 Agriculture $ 35,000.00 5 00% $ 3.75 $ 262.50 30 Pasture $ 35,000.00 1.00% $ 3.75 $ 39.38 10 Unusable/Waste $ 35,000.00 5.00% $ 3.75 $ 65.63 20 Vacant $ 35,000.00 $ 3.75 $ 2,625.00 100 $ 2,992.50 40 Agriculture $ 35,000.00 3.00% $ 3.75 $ 157.50 30 Pasture $ 35,000.00 1.00% $ 3.75 $ 39.38 10 Unusable/Waste $ 35,000.00 3.00% $ 3.75 $ 39.38 20 Vacant $ 35,000.00 $ 3.75 $ 2,625.00 100 $ 2,881.25 vtt5t'-~~~ 40 Agriculture $ 35,000.00 1.00% $ 3.75 $ 52.50 30 Pasture $ 35,000.00 1.00% $ 3.75 $ 39.38 10 Unusable/Waste $ 35,000.00 1.00% $ 3.75 $ 13.13 20 Vacant $ 35,000.00 50.00% $ 3.75 $ 1,312.50 100 $ 1,417.50 Ag Production "Cap" on Real Property Tax Assessed Value @ $250,000 per Acre ~ . 40 Agriculture $ 250,000.00 2.40% $ 3.75 $ 900.00 30 Pasture $ 250,000.00 1.00% $ 3.75 $ 281.25 10 Unusable/Waste $ 250,000.00 2.40% $ 3.75 $ 225.00 20 Vacant $ 250,000.00 $ 3.75 $ 18,750.00 100 $ 20,156.25 40 Agriculture $ 250,000.00 2.40% $ 3.75 $ 900.00 30 Pasture $ 250,000.00 1.00% $ 3.75 $ 281.25 10 Unusable/Waste $ 250,000.00 2.40% $ 3.75 $ 225.00 20 Vacant $ 250,000.00 $ 3.75 $ 18,750.00 100 $ 20,156.25 40 Agriculture $ 250,000.00 1.00% $ 3.75 $ 100.00 30 Pasture $ 250,000.00 1.00% $ 3.75 $ 100.00 10 UnusablelWaste $ 250,000.00 1.00% $ 3.75 $ 93.75 20 Vacant $ 250,000.00 50.00% $ 3.75 $ 9,375.00 100 $ 9,668.75 Assessed Value @ $310,000 per Acre ~w° " ` 40 Agriculture $ 310,000.00 1.94% $ 3.75 $ 900.00 30 Pasture $ 310,000.00 1.00% $ 3.75 $ 348.75 10 Unusable/Waste $ 310,000.00 1.94% $ 3.75 $ 225.00 20 Vacant $ 310,000.00 $ 3.75 $ 23,250.00 100 $ 24,723.75 40 Agriculture $ 310,000.00 1.94% $ 3.75 $ 900.00 30 Pasture $ 310,000.00 1.00% $ 3.75 $ 348.75 10 Unusable/Waste $ 310,000.00 1.94% $ 3.75 $ 225.00 20 Vacant $ 310,000.00 $ 3.75 $ 23,250.00 100 $ 24,723.75 40 Agriculture $ 310,000.00 1.00% $ 3.75 $ 100.00 30 Pasture $ 310,000.00 1.00% $ 3.75 $ 100.00 10 Unusable/Waste $ 310,000.00 1.00% $ 3.75 $ 116.25 20 Vacant $ 310,000.00 50.00% $ 3.75 $ 11,625.00 100 $ 11,941.25 Assessed Value @ $700,000 per Acre r~ '~sP=' 40 Agriculture $ 700,000.00 0.86% $ 3.75 $ 900.00 30 Pasture $ 700,000.00 1.00% $ 3.75 $ 787.50 10 Unusable/Waste $ 700,000.00 0.86% $ 3.75 $ 225.00 20 Vacant $ 700,000.00 $ 3.75 $ 52,500.00 100 $ 54,412.50 40 Agriculture $ 700,000.00 0.86% $ 3.75 $ 900.00 30 Pasture $ 700,000.00 1.00% $ 3.75 $ 787.50 10 Unusable/Waste $ 700,000.00 0.86% $ 3.75 $ 225.00 20 Vacant $ 700,000.00 $ 3.75 $ 52,500.00 100 1u _ 4 _ $ 54,412.50 40 Agriculture $ 700,000.00 , 0.86% $ 3.75 $ 100.00 30 Pasture $ 700,000.00 1.00% $ 3.75 $ 100.00 10 Unusable/Waste $ 700,000.00 0.86% $ 3.75 $ 225.00 20 Vacant $ 700,000.00 50.00% $ 3.75 $ 26,250.00 IOG ~ ~,~,(0~5.00 Acres Pasture; and 20 Acres Vacant Dedication Ag Production Tax Liability Values ($/Acre) Per Acre No Dedication $ 131.25 No Dedication $ 131.25 No Dedication $ 131.25 No Dedication $ 131.25 Total Tax Liability 1 Year Dedication $ 6.56 1 Year Dedication $ 1.31 1 Year Dedication $ 6.56 1 Year Dedication $ 131.25 Total Tax Liability 5 Year Dedication $ 3.94 5 Year Dedication $ 1.31 5 Year Dedication $ 3.94 5 Year Dedication $ 131.25 Total Tax Liability 10 Year Dedication $ 1.31 10 Year Dedication $ 1.31 10 Year Dedication $ 1.31 10 Year Dedication $ 65.63 Total Tax Liability $ 6,000.00 1 Year Dedication $ 22.50 1 Year Dedication $ 9.38 1 Year Dedication $ 22.50 1 Year Dedication $ 937.50 Total Tax Liability 5 Year Dedication $ 22.50 5 Year Dedication $ 9.38 5 Year Dedication $ 22.50 5 Year Dedication $ 937.50 Total Tax Liability 10 Year Dedication $ 9.38 10 Year Dedication $ 9.38 10 Year Dedication $ 9.38 10 Year Dedication $ 468.75 Total Tax Liability 1 Year Dedication $ 22.50 1 Year Dedication $ 11.63 1 Year Dedication $ 22.50 1 Year Dedication $ 1,162.50 Total Tax Liability 5 Year Dedication $ 22.50 5 Year Dedication $ 11.63 5 Year Dedication $ 22.50 5YearDedication $ 1,162.50 Total Tax Liability 10 Year Dedication $ 11.63 10 Year Dedication $ 11.63 10 Year Dedication $ 11.63 10 Year Dedication $ 581.25 Total Tax Liability 1 Year Dedication $ 22.50 1 Year Dedication $ 26.25 1 Year Dedication $ 22.50 1 Year Dedication $ 2,625.00 Total Tax Liability 5 Year Dedication $ 22.50 5 Year Dedication $ 26.25 5 Year Dedication $ 22.50 5 Year Dedication $ 2,625.00 Total Tax Liability 10 Year Dedication $ 22.50 10 Year Dedication $ 26.25 10 Year Dedication $ 22.50 10 Year Dedication $ 1,312.50