HomeMy WebLinkAboutRES 068 Draft 01 1992-1994COUNTY OF HAWAII STATE OF HAWAII
RESOLUTION NO. 6a8 93
DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAII FOR THE
FISCAL YEAR JULY 1, 1993 TO JUNE 30, 1994.
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 f.or 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 19, 1993, certified and
furnished by the Director of Finance of the County of Hawaii:
Value of Value of Value of
Classes of Net Taxable Net Taxable Net Taxable
Property Buildings Land Real Property
(A) Improved Residential $ 666,307,160 $1,160,396,515 $1,826,703,675
(B) Apartment 1,094,067,958 634,189,977 1,728,257,935
(C) Commercial 337,757,611 308,755,728 646,513,339
(D) Industrial 178,881,067 171,387,268 350,268,335
(E) Agricultural 621,373,259 2,119,860,754 2,741,234,013
(F) Conservation 18,183,480 320,264,678 338,448,158
(G) Hotel and Resort 637,323,918 440,005,021 1,077,328,939
(H) Unimproved Residential 29,882,058 507,840;159 537,722,217
(I) Homeowner 578,093,730 987,777,242 1,565,870,972
TOTAL - ALL CLASSES $4,161,870,241 X6,650,477,342 $10,812,347,583
and
WHEREAS, the Administration has determined that they anticipate collecting
96.0 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 96.0 of Assessments $88,623,967
Amount of Unanticipated Collections ~ 3,692,665
Total Revenues to be Derived from Real Property $92,316,632
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that
the following percentages of the revenues 'to be derived from current real
property taxes are assigned to the net taxable lands and net taxable buildings
within each of the following classes of property;
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Classes
of Pr~rty
Improved Residential
Apartment
Commercial
Industrial
Agricultural
Conservation
Hotel and Resort
Unimproved Residential
Homeowner
Revenue Percentage
Net Taxable Building Revenue Percentage
Percentage Net Taxable Land
---- Perc_ en_ tage
6.138
10.078 10.688
3.118 6.878
1.658 3.348
5.728 1.86$
0.17$ 22.968
5.878 3.478
0.288 4.778
2.798 5.508
4 768
revenuesTtoUbeHraised~Lthe amounbaofdrevenuesetosbegderivedcwithinsthe net
taxable buildings and net taxable lands of each class are listed as follows:
Classes of
Pro- pert -
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Improved Residential
Apartment
Commercial
Industrial
Agricultural
Conservation
Hotel and Resort
Unimproved Residential
Homeowner
Total - All Classes
Revenues Revenues
Net Taxable
Buil i Net Taxable Revenues
Net Taxable
ngs L Real Property
5,663,611
9,299,577
2,870,940
1,520,489
5,281,672
154,560
5,417,253
253,997
2,572,517
$33,034 616
$9,863,370
6,341,900
3,087,557
1,713,873
21,198,608
3,202,647
4,400,050
5,078,402
4,3-~09
$59,282 pl(
$15,526,981
15,641,477
5,958,497
3,234,362
26,480,280
3,357,207
9,817,303
5,332,399
6,968,126
$92,3_ 1
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,
1993, to June 30, 1994.
Classes of Tax Rate
Per Thousand Tax Rate
Per Thousand
Property Net Taxable Buildin s Net Taxable Lands
(A) Improved Residential $8.50
50
$ 8
(B) Apartment 8.50 .
10
00
(C) Commercial 8.50 .
10
00
(D) Industrial 8.50 .
10
00
(E) Agricultural 8'50 .
10
00
(F) Conservation 8.50 .
10
00
(G) Hotel/Resort 8.50 .
10
00
(H) Unimproved Residential 8.50 .
10
00
(I) Homeowner 4.45 .
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 2nd
COUNTY COUNCIL
Coaaty of Hawaii
Hilo, Hawaii
I hereby czrtify that the foregoing RESOLUTION wes by
the vats indicated to the right haxeof adopted by the COUNCIL
of the Couaty of Hawaii on June 2 , 1993
ATTEST:
~ ) ~~;.
CCJUN CLDRK
~~
CHAIRMAN & PRESIDING OFFICER
day of June 1993.
ROLL CALL VOTE
AYES NOES AHS EX
ARAKAKI X
BONK-ABRAMSON X
CHILDS
DE LIMA
~~ X
HALE X
RATH x
ROSIIiILL X
SCHUTTE X
RE9cLVrIa,I No. ~ 83