HomeMy WebLinkAboutRES 101 Draft 01 2004-2006 M1Y O~ Ny.
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COUNTY OF HAWAII STATE OF HAWAII
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RESOLUTION NO. 1151 OS
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE
COUNTY OF HAWAII FOR THE FISCAL YEAR JULY I, 2005, TO JUNE 30, 2006.
WHEREAS, Chapter 19, Article I1, 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 values of real property for the various
classes in the County of Hawaii assessable for tax purposes as of April 19, 2005, 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 Building Taxable Land Property
(A) Improved Residential $ 1,082,244,240 $ 1,935,085,311 $ 3,017,329,551
(B) Apartment $ 2,340,515,315 $ 907,150,400 $ 3,247,665,715
(C) Commercial $ 538,389,150 $ 502,433,350 $ 1,040,822,500
(D) Industrial $ 255,291,536 $ 280,949,665 $ 536,241,201
(E) Agricultural or Native Forests $ 970,198,505 $ 2,082,837,860 $ 3,053,036,365
(F) Conservation $ 21,487,975 $ 340,573,035 $ 362,061,010
(G) Hotel and Resort $ 981,537,794 $ 942,987,688 $ 1,924,525,482
(H) Unimproved Residential $ 29,762,050 $ 470,737,645 $ 500,499,695
(I) Homeowner $ 1,191,434,865 $ 1,604,417,881 $ 2,795,852,746
"TOTAL-ALL CLASSES $ 7,410,861,430 $ 9,067,172,835 $ 16,478,034,265
and
WHEREAS, the Council completed its public hearings on May 17 and 19, 2005, and
shall adopt the tax rates on or before June 20, 2005.
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:
Revenue Percentaee Revenue Percentaee
Classes of Property Net Taxable Buildine Net Taxable Land
(A) Improved Residential 6.65% 11.90%
(B) ApartmenC 15.57% 6.04%
(C) Commercial 3.58% 3.34%
(D) Industrial 1.70°/0 1.87%
(E) Agricultural or Native Forests 6.46% 13.86%
(F) Conservation 0.14% 2.27%
(C) Hotel and Resort 6.53% 6.27%
(H) Unimproved Residential 0.20% 3.13%
Q) Homeowner 4.47% 6.02%
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 Net
Revenues Net Revenues Net 'T'axable Real
Classes of Property Taxable Building Taxable Land Pro
(A) Improved Residential $ 9,848,423 $ 17,609,276 $ 27,457,699
(B) Apartment $ 23,054,076 $ 8,935,431 $ 31,989,507
(C) Commercial $ 5,303,133 $ 4,948,969 $ 10,252,102
(D) Industrial $ 2,514,622 $ 2,767,354 $ 5,281,976
(E) Agricultural or Native Forests $ 9,556,455 $ 20,515,953 $ 30,072,408
(F) Conservation $ 211,657 $ 3,354,644 $ 3,566,301
(G) Hotel and Resort $ 9,668,147 $ 9,288,429 $ 18,956,576
(H) Unimproved Residential $ 293,156 $ 4,636,766 $ 4,929,922
(I) Homeowner $ 6,612,464 $ 8,904,519 $ 15,516,983
TOTAL-ALL CLASSES $ 67,062,133 $ 80,961,341 $ 148,023,474
I3E IT FURTIIEIZ 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, 2005, to June 30, 2006.
Tax Rate Per Tax Rate Per
Thousand Net Thousand Net
Classes of Property Taxable Buildin>?s 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
(I) Homeowner $ 5.55 $ 5.55
SE IT FINALLY 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 Hilo , Hawaii, this lst day of June , 2005.
I TRODUCED BY:
COUNCIL MEMBER, COUNTY OF HAWAII
COUNTY COUNCIL ROLL CALL VOTE
County of Hawaii AvFS IvoES Ass Fx
Hilo, Hawaii ARAKAKI X
HIGA X
f hereby certify that the foregoing RESOLUTION was by HOFFMANN
the vote indicated to the right hereof adopted by the COUNCIL of the HOLSCHUH X
Count- of Hawaii on J_un~ 2005
IKIJDA X
ISBELL
ATTEST: JACOBSON
PILAGO X
SAFARIK X
C~1cL~~~, ' ~ 9 0 0 0
Reference: C 275/Waivel FC
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COUNTY CLERK CHAIRMAN & PRESIDING OFFICER RESOLUTION NO.