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HomeMy WebLinkAboutCOM 0275.000 2004-2006 Virginia Lsbell ~w o. Phone No.: (808)326-5684 Plce Choirmnn t~;~;.`"'~!., Fax No.: (808) 329-4786 District '-Central Kona ~ E-Mail: visbell@eo.hawaii.hi.us h>~ o~.N';M~ HAWAII COUNTY COUNCIL County of Hawaii = 75-5706 Hananm Place, Suite 709 Kni(un-Kona, Hnwai'i 96710 - May 20, 2005 = Stacy K. Higa, Chair And Members of the County Council 25 Aupuni Street Hilo, Hawaii, 96720 Dear Chair Higa and Members of the County Council: Enclosed for your review and approval is a resolution that provides for the establishment of tax rates by the Council of the County of Hawaii for net taxable land and net taxable building of each class of property established in accordance with Chapter 19, Article 7, Section 19-53(e) of the Hawaii County Code. The schedule of rates to which the various classes of real property in the County of Hawaii that is taxed per $1,000 of assessed valuation has not changed From the previous year. The total value of net taxable real property is $16,478,034,265, an increase of $1,944,074,471 or 13.38% higher than the previous tax year. Real Property Taxes revenues (Account No. 3101.10) increased $20,151,000 (15.69%) to $148,620,000 from the previous year. Real property tax revenues account for 53% of the County's operating budget. Should you have any questions, please feel free to contact me. Sincerely, Virgi is Isbell Cou cil Member, County of Hawaii ~RR-,n. Ipl-os 7 Comm. No. Ref. To: t:A;~ MAY 2G0 Huwai `i Coun[y /s An Equal Opportunity Provider And Employer Virginia Isbell o. Phone No.: (808) 326-5684 Vice Chairman d~'~~ Fax No.: (808) 339-4786 Dislricl 7 _ ('entrn! tiona ~ E-Mail: visbell@co.hawaii.hi.us E. HAWAII COUNTY COUNCIL County ofHawad `i 75-5706 //anama Place, Surte l09 Kaih~a-Kona, l/awai'i 967J0 Stacy K. Higa, Chair May 20, 2005 Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 Re: Resolution No. ] O 1-OS relating to 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. Pursuant to Section 2(g) of Rule 4 of the Rules of Procedure of the Council, of the County of Hawaii, this written request is submitted with my approval that the above referenced matter be waived from the Committee on Finance to the full council for immediate action. In reviewing this matter, timely approval is crucial It is therefore advantageous that approval is granted and the matter placed onto the next Council agenda for review. However, in the event this request is denied, for whatever reason, I understand the matter shall be referred to the Committee on Finance for placement on its future agenda. Sincerely, ~ Virgi is Isbell, Char Com ittee on Finance Approved/Date/Waived to Council Disapproved/Date/Referred to Finance Committee . tacy K. Higa, Chair Stacy K. Higa, Chair Ilawai`i County Council Hawaii County Council Hawn/'i County /s An Equal Opportunity Provider And Employer