HomeMy WebLinkAboutRES 621 Draft 01 2006-2008
J`;tY'of H~ky
COUNTY OF HAWAII STATE OF HAWAII
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RESOLUTION NO. G21 08
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE
COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1, 2008 TO JUNE 30, 2009.
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 Net
Value of Net Value of Net Taxable Real
Classes of Property Taxable Building Taxable Land Pro-pelly
(A) Residential $ 2,385,714,084 $ 4,287,515,238 $ 6,6737229,322
(B) Apartment $ 4,079,199,509 $ 1,561,008,681 $ 5,640,208,190
(C) Hotel and Resort $ 1,542,711,533 $ 1,271,240,063 $ 2,813,951,596
(D) Commercial $ 742,561,110 $ 905,078,825 $ 1,647,639,935
(E) Industrial $ 418,607,100 $ 561,219,683 $ 979,826,783
(F) Agricultural & Native Forest $ 2,245,161,179 $ 4,325,742,533 $ 6,570,903,712
(G) Conservation $ 44,669,500 $ 340,254,350 $ 384,923,850
(H) Homeowner $ 2,091,890,837 $ 2,623,241,331 $ 4,715,132,168
TOTAL-ALL CLASSES $ 13,550,514,852 $ 15,875,300,704 $ 29,425,815,556
and
WHEREAS, the Council completed its public hearings on April 25, 2008, and shall
adopt the tax rates on or before June 20, 2008; now, therefore,
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:
Classes of PropertX
(A) Residential
Tax Rate Per
Thousand Net
Taxable Buildings
$ 7.10 $
Tax Rate Per
Thousand Net
Taxable Lands
8.10
(B) Apartment $ 8.10 $ 8.10
(C) Hotel and Resort $ 9.00 $ 9.00
(D) Commercial $ 9.00 $ 9.00
(E) Industrial $ 9.00 $ 9.00
(F) Agricultural and Native Forest $ 6.35 $ 8.35
(G) Conservation $ 8.55 $ 8.55
(H) 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.
Dated at Kona , Hawaii, this
ROLL CALL VOTE
INTI~O~DUCED BY:
COUNCIL MEMBER/, ~0~1',~F HAWAII
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
County of Hawaii on May 7, 2 0 0 8
ATTEST:
l~~°~u
COUNTY CLERK CHAIRMAN P IDIN OFFICER
7th
AYES NOES ABS EX
FORD X
HIGA X
HOFFMANN X
IKEDA
JACOBSON
NAEOLE X
PILAGO X
YAGONG X
YOSHIMOTO X
9 0 0 0
Reference:
day of May , 2008.
C-1176/"Waived FC
RESOLUTION NO. ~21 ~~
3