HomeMy WebLinkAboutRES 106 Draft 01 1994-1996COUNTY OF HAWAII STATE OF HAWAII
RESOLUTION N0. 1fl4'- 86
(DRAFT 2)
DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAII FOR
THE FISCAL YEAR JULY 1, 1995 TO JUNE 30, 1996
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 (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, 1995, certified and furnished by the
Director of Finance of the County of Hawaii:
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
and
Classes of Property
Improved Residential
Apartment
Commercial
Industrial
Agricultural
Conservation
Hotel and Resort
Unimproved Residential
Homeowner
TOTAL -ALL
Value of Net
Taxable Buildings
$685,882,990
933,524,974
380,339,744
193,408,397
697,709,333
19,586,175
440, 835, ] 62
30,341,604
739,411.271
$4.121.039.650
Value of Net
Taxable Land
$1,117,161,040
532,846,997
348,511,329
207,870,485
2,096,588,427
296,791,472
435,758,370
379,090,479
1,075,930.369
$6.490.548.968
Value of Net
Taxable Real
Property
$1,803,044,030
1,466,371,971
728,851,073
401,278,882
2,794,297,760
316,377,647
876,593,532
409,432,083
1,815,341.640
$10.611.588.618
WHEREAS, the Administration has determined that they anticipate collecting 96% of
assessments; and
WHEREAS, in order to assure that real property taxes aze 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 $85,720,854
Amount of Unanticipated Collection 3,571,702
Total Revenues to be Derived from Real Property $89.292.556
Page 2
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
(A) Improved Residential
(B) Apartment
(C) Commercial
(D) Industrial
(E) Agricultural
(F) Conservation
(G) Hotel and Resort
(H) Unimproved Residential
(I) Homeowner
Revenue Percentaee
Net Taxable Buildine
Percentaee
6.53%
8.89%
3.62%
1.84%
6.64%
0.19%
4.20%
0.29%
3.68%
Revenue Percentaee
Net Taxable Land
Percentaee
10.63%
5.97%
3.90%
2.33%
23.48%
3.32%
4.88%
4.25%
5.36%
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 lands of
each class are listed as follows:
Revenues
Net Taxable
Classes of Propertv Buildines
(A) Improved Residential $5,830,005
(B) Apartment 7,934,962
(C) Commercial 3,232,888
(D) Industrial 1,643,971
(E) Agricultural 5,930,529
(F) Conservation 166,483
(G) Hotel and Resort 3,747,099
(H) Unimproved Residential 257,904
(I) Homeowner 3,290,380
TOTAL -ALL $32.034.22]
Revenues Revenues
Net Taxable Net Taxable Real
Land Propertv
$9,495,869 $15,325,874
5,328,470 13,263,432
3,485,113 6,718,001
2,078,705 3,722,676
20,965,884 26,896,4li
2,967,9]5 3,134,398
4,357,584 8,]04,683
3,790,905 4,048,809
4,787,890 8.078,270
$57258.335 $89.292.556
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
I, 1995, to June 30, 1996.
Page 3
Classes of Property
(A) Improved Residential
(B) Apartment
(C) Commercial
(D) Industrial
(E) Agricultural
(F) Conservation
(G) Hotel and Resort
(H) Unimproved Residential
(I) Homeowner
Tax Rate Per Thousand
Net Taxable Buildines
$8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.50
4.45
Tax Rate Per Thousand
Net Taxable Lands
$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 this Resolution to the Director of Finance of the County of Hawaii
Dated at Hilo, Hawaii, this 20th day of June , 1995.
INTRODUCED BY:
COUNCIL MEMBER, COUNTY OF HAWAII
COL
Co
I hereby certify that the fa
vote indicated to the right
the County of Hawaii on
ATTEST: ~~
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R OLL CAL L VOTE
NTY COUNCIL
mty of Hawaii AyFS NOES ABS EX
-Iilo, Hawaii
Arakaki X
Bonk-Abramson }{
regoing RESOLUI-ION was by the Ctulds X
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the COUNCIL of
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1995
J Domingo X
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COUNTY CLERK CHAIRMAN & PRESIDING OFFICER
Reference C-416
RESOLUTION NO. 1~ 9s
(DRAFT 2)