HomeMy WebLinkAboutRES 658 Draft 01 2006-2008COUNTY OF HAWAII
STATE OF HAWAII
RESOLUTION NO. ~' ~ 8 ~ ~
A RESOLUTION AMENDING RESOLUTION NUMBER 621-08, DETERMINING THE
REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAII FOR THE FISCAL
YEAR JULY 1, 2008 TO JUNE 30, 2009.
WHEREAS, Resolution Number 621-08 was approved at the Council meeting held on
May 7, 2008, to determine the Real Property Tax rates; and
WHEREAS, Resolution Number 621-08 did not include the real property tax rates for
the Affordable Rental Housing class; and
WHEREAS, Chapter 19, Article 11, 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 21, 2008, certified and
furnished by the Director of Finance of the County of Hawaii:
Value of I~Tet
Value of Net Value of Net Taxable Real
Classes of Property Taxable Building Taxable Land PropertX
(A) Residential $ 2,385,714,084 $ 4,287,515,238 $ 6,673,229,322
(B) Affordable Rental Housing $ 41,793,145 $ 38,025,850 $ 79,818,995
(C) Apartment $ 4,079,199,509 $ 1,561,008,681 $ 5,640,208,190
(D) Hotel and Resort $ 1,542,711,533 $ 1,271,240,063 $ 2,813,951,596
(E) Commercial $ 742,561,110 $ 905,078,825 $ 1,647,639,935
(F) Industrial $ 418,607,100 $ 561,219,683 $ 979,826,783
(G) Agricultural & Native Forest $ 2,245,161,179 $ 4,325,742,533 $ 6,570,903,712
(H) Conservation $ 44,669,500 $ 340,254,350 $ 384,923,850
(I} Homeowner $ 2,091,890,837 $ 2,623,241,331 $ 4,715,132,168
TOTAL-ALL CLASSES $ 13,592,307,997 $ 15,913,326,554 $ 29,505,634,551
and
WHEREAS, the Council completed its public hearings on April 25 and May 20, 2008,
and shall adopt the tax rates on or before June 20, 2008; now, therefore,
BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that tl~e
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:
Classes of Property Net Taxable Building Net Taxable Land
(A) Residential 7.48% 13.33%
(B) Affordable Rental Housing 0.10% 0.09%
14.38%
(D) Hotel and Resort 6.13% 5.05%
(E) Conunercial 2.95% 3.39%
(F) Industrial 1.66% 2.23%
(G) Agricultural and Native Forest 6.29% 13.94%
(H) Conservation 0.17% 128%
(I) Homeowner 5.12% 6.43%
and
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 Taxable Real
(A) Classes of Property
Residential Taxable Building
$ 16,938,570 Taxable Land
$ 34,728,873
$ Property
51,667.443
(B) Affordable Rental Housing $ 231,952 $ 211,043 $ 442,993
(C) Apartment $ 33,041,516 $ 12,644,170 $ 43,683,686
(D) Hotel and Resort $ 13,884,404 $ 11,441,161 $ 23,323,363
(E) Cotnrnercial $ 6.683,050 $ 8,145,709 $ 14,828,739
(F) Industrial $ 3,767,464 $ 5,030,977 $ 8,818,441
(G) Agricultural and Native Forest $ 14,236,773 $ 36,119,950 $ 30,376,723
(H) Conservation $ 381,924 $ 2,909,175 $ 3 291,099
(I) Homeowner $ 11,609,994 $ 14,338,989 $ 26, 168,983
TOTAL-ALL CLASSES $ 100,795,647 $ 123.810,047 $ 226,603,694
and
2
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, 2008, to June 30, 2009:
A)
Classes of Property
Residential Tax Rate Per
Thousand Net
Taxable Buildin>?s
$ 7.10
$ Tax Rate Per
Thousand Net
Taxable Lands
8.10
(B) Affordable Rental Housing $ 5.55 $ 5.55
(C) Apartment $ 8.10 $ 8.10
(D) Hotel and Resort $ 9.00 $ 9.00
(E) Commercial $ 9.00 $ 9.00
(F) Industrial $ 9.00 $ 9.00
(G) Agricultural and Native Forest $ 6.35 $ 8.35
(H) Conservation $ 8.55 $ 8.55
(I) Homeowner $ 5.55 $ 5.55
and
BE 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.
Datcd at Hilo ,Hawaii, this 2nd day of June , 2008.
BY:
COUNCIL
COUNTY COUNCIL
County of Hawaii
Hilo, Hawaii
I hereby certify that the foregoing RESOLUTION was by
the vote indicated to the right hereof adopted by the COUNCIL of the
Counq-o(Hawai`i on June 2 2008
ATTEST:
C~Y LERI
HAWAII
ROLL, CALI. VOTF.
AYES NOES ADS F.X
FORD X
HIGA X
}iOFFMANN X
IKEDA X
JACOBSON X
NAEOI.E X
PILAGO g
YAGONG X
YOSHIMOTO X '~.
9 0 0 __ 0 I
C-1243/Waived FC
RESOLUTION NO. GSE3 OS