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HomeMy WebLinkAboutCOM 0333.000 1998-2000 JMt~ OF ~44F CURTIS TYLER, III --G Councilmember Phone: (808) 961-8273 Fax: (808)969-3291 6R MB° cou~~~ cou~~cl~ County o~ Hawaii Hawaii County Building 2S Aupuni Street ca June 7 1999 Halo, Hawaii 96720 ~ ca ' On ~ zp ~ ~ ~ L: ~ ('1 r~ TO: James Y. Arakaki, Chair ~ Hawaii County Council Q ~ ~ ~ -r _ FROM: J. Curtis Tyler, III, Council Member = rv RE: Attached Eill Amending Chapter 19, Article 11, Section 19-90, Hawaii County Code 19$3 (1995 Edition) Relating to the Minimum Tax. Attached you will find a bill which proposes to amend the current minimum real property tax of $25-per parcel to $100. I respectfully request this measure be waived to the next Council meeting in order to meet fiscal year time constraints. Should you have any questions, please feel free to call. Ici .6: ! ! ~3 Comm. Na File No. C ~ p ~ Re£. To: ~ Ref. Date 1 4 1998„ ~^4., AL KONISHI ~ DONALD IKEDA County Clerk ,,P,: Deputy County Clerk CONSTANCE R. KIRIU Legislative Auditor OFFICE OF THE COUNTY CLERK County of Hawaii Hawaii County Building 25 Aupuni Street Hilo, Hawaii 96720 June 7, 1999 TO: Council Member J. Curtis Tyler, III FROM: Liana Cox-Ishizu, Legislative Assistant ~"~-n " RE: AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 11, SECTION 19-90(g), HAWAII COUNTY CODE 1983 (1995 EDITION) RELATING TO THE MINIMUM TAX. Per your request, please find the following information relating to the minimum real property tax for property owners in the County of Hawaii for fiscal yeaz 1998-99. L Support Data on Revenue Increase The aforementioned figures reflect the number of pazcels incumng taxes up to $100, or pazcels with a net taxable value of $10,000 or less. Because the tax rate figures aze delineated in a range format, figures aze approximate. The Additional Revenue figures are assuming the real property tax rate of $25 is increased to $100. The total revenue should be approximately $4,903,600. Tax Rate Parcels '98-99 Revenue '99-00 Additional Revenue $25.00 14,994 $374,850 $1,124,550 $25.01-35.00 7,302 255,570 474,630 $35.01-45.00 2,054 92,430 112,970 $45.01-55.00 4,396 241,780 197,820 $55.01-65.00 5,661 367,965 198,135 $65.01-75.00 4,357 326,775 108,925 $75.01-85.00 6,800 578,000 102,000 $85.01-95.00 2,691 255,645 13,455 $95.01-100.00 781 78,100 0 Total 49,036 $2,571,115 $2,410,585 II. Distribution Data of Minimum Tax Parcels by District (Zone) Below you will find a percentage breakdown of all minimum taxpayers by judicial zone. Zone 1-Puna 51% Zone 6-South Kohala 3% Zone 2-South Hilo 17% Zone 7-North Kona 5% Zone 3-North Hilo 3% -Zone 8-South Kona 2% Zone 4-Hamakua 7% Zone 9-Ka'u 6% Zone 5-North Kohala 6% II. Additional Information ~ Currently, Hawaii and Kauai Counties both assess the lowest minimum tax rate of $25, Maui County is next at $60, and the City and County of Honolulu remains the highest at $100. ~ The amount of parcels paying the minimum tax rises by approximately 8% every yeaz. m According to Real Property Tax Administrator Gary Kiyota, the prompt passage of this bill should allow the City and County Real Property Tax Office enough time to. incorporate a rate increase for fiscal year 1999-2000. However, in the event that this bill does not pass before the July billings are sent out, the tax increase may need to take effect on July 1, 2000. Should you have any further questions, please feel free to call. APPROVED: L1 L,~ t Constance R. Kiriu, Legislative Auditor