HomeMy WebLinkAboutRES 097 Draft 01 1996-1998
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COUNTY OF HAWAII STATE OF HAWAII
RESOLUTION NO. 97 97
DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAW All FOR THE
FISCAL YEAR JULY 1, 1997, TO JUNE 30, 1998.
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 ofthe 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( d) 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 18, 1997, 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 Buildin~s Taxable Land Property
(A) Improved Residential $ 713,929,759 $1,080,754,935 $ 1,794,684,694
(B) Apartment 837,311,254 381,468,007 1,218,779,261
(C) Commercial 418,672,188 394,193,520 812,865,708
(D) Industrial 184,015,964 202,721,697 386,737,661
(E) Agricultural or Native Forest 717,233,174 1,622,308,402 2,339,541,576
(F) Conservation 19,740,750 277,292,761 297,033,511
(G) Hotel and Resort 496,133,328 464,217,428 960,350,756
(H) Unimproved Residential 28,096,340 292,206,766 320,303,106
(I) Homeowners 901.861.607 1.124.744.685 2.026.606.292
TOTAL-ALL CLASSES $ ~J 6.994.364 $5.839.908.201 $ 1Q...156.902.565
; and
WHEREAS, the Administration has determined that it anticipates collecting 96% of assessments; and
WHEREAS, in order to assure that real property taxes are levied upon all applicable real property
owners, the real property tax rates are based upon the following total revenues:
Revenue Collection Based on 96% of Assessments
Amount of Unanticipated Collection
Total Revenues to be Derived from Real Property
$80,234,428
3.343.101
~83.577.529
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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:
Classes of Property
Revenues Percentaf:e
Net Taxable Building
Percentaf:e
Revenue Percentaf:e
Net Taxable Land
Percentaf:e
(A) Improved Residential
(B) Apartment
(C) Commercial
(D) Industrial
(E) Agricultural or Native Forest
(F) Conservation
(0) Hotel and Resort
(H) Unimproved Residential
(I) Homeowners
7.26%
8.52%
4.26%
l.87%
7.29%
0.20%
5.05%
0.29%
4.80%
10.99%
4.56%
4.72%
2.42%
19.41%
3.32%
5.55%
3.50%
5.99%
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 Revenues Revenues
Net Taxable Net Taxable Net Taxable Real
Classes of Property Buildinf:s l&nd Property
(A) Improved Residential $ 6,068,403 $ 9,186,417 $ 15,254,820
(B) Apartment 7,117,146 3,814,680 10,931,826
(C) Commercial 3,558,714 3,941,935 7,500,649
(D) Industrial 1,564,136 2,027,217 3,591,353
(E) Agricultural or Native Forest 6,096,482 16,223,084 22,319,566
(F) Conservation 167,796 2,772,928 2,940,724
(0) Hotel and Resort 4,217,133 4,642,174 8,859,308
(H) Unimproved Residential 238,819 2,922,068 3,160,887
(I) Homeowners 4.013.284 5.005.114 9.018.398
TOTAL-ALL CLASSES $33.041.91~ $ 50.535.611 $83.577.529
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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,
1997, to June 30, 1998.
Classes of Property
Tax Rate Per Thousand
Net Taxable Buildini:s
Tax Rate Per Thousand
Net Taxable Lands
(A) Improved Residential
(B) Apartment
(C) Commercial
(D) Industrial
(E) Agricultural or Native Forest
(F) Conservation
(G) Hotel and Resort
(H) Unimproved Residential
(I) Homeowner
8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.50
4.45
8.50
10.00
10.00
10.00
10.00
10.00
10.00
10.00
4.45
BE IT FURTHER 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
2nd
day of
June
,1997.
COUNCIL MEMBER, COUNT OF HA WAil
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 June 2, 1997
ATTEST:
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ROLL CALL VOTE
AYES NOES ADS EX
ARAKAKI X
CHUNG X
LEITIlEAD-TODD X
RAY X
REYNOLDS X
SANTANGELO X
SMITH X
TYLER X
YAGONG X
9 0 0 0
Reference C-315
97 9;7
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RESOLUTION NO. e