HomeMy WebLinkAboutRES 231 Draft 01 1992-1994COUNTY OF HAWAII STATE OF HAWAII
RESOLUTION N0. ZO~I 94
DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAII FOR THE
FISCAL YEAR JULY 1, 1994 TO JUNE 30, 1995.
WHEREAS, Chapter 19, Article 11, Section 19-90 of the Hawaii County Code,
as amended, provides for the establishment of taa 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 taa 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 taa purposes as of April 29, 1999, 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
Pronerty Buildings Land Real Pronerty
(A) Improved Residential $ 677,973,967 $1,152,160,913 $1,830,134,880
(B) Apartment 985,733,566 557,441,443 1,543,175,009
(C) Commercial 359,488,415 343,535,577 703,024,292
(D) Industrial 190,612,285 207,643,218 398,255,503
(E) Agricultural 667,108,838 2,108,530,456 2,775,639,294
(F) Conservation 18,654,163 298,079,545 316,728,708
(G) Hotel and Resort 485,309,374 425,875,405 911,184,779
(H) Unimproved Residential 29,279,835 408,628,027 437,907,862
I ner
H 517,997
658 1,049,324,215 1,702,842,212
(
) omeow ,
TOTAL - ALL CLASSES $4,072,678.740 $6,546,213,799 $10,618,892,539
and
WHEREAS, the Administration has determined that they anticipate collecting
96% of assessments; and
WHEREAS, in order to assure that real property tales are levied upon all
applicable real property owners, the real property taa rates are based upon
the following total revenues:
Revenue Collection Based on 96% of Assessments $86,293,121
Amount of Unanticipated Collection 3.595.547
Total Revenues to be Derived from Real Property $89,888,668
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that
the following percentages of the revenues to be derived from current real
property tales are assigned to the net taxable lands and net taxable buildings
within each of the following classes of property:
Classes Revenue Percent age RPV enue Percentage
of Proverty Net Taxable Buil dino NP t Taxable Land
Percentaoe Percentage
(A) Improved Residential 6.41% 10.89%
(B) Apartment 9.32% 6.20%
(C) Commercial 3.40% 3.82$
(D) Industrial 1.80% 2.31$
(E) Agricultural 6.31% 23.46%
(F) Conservation 0.18% 3.31%
(G) Hotel and Resort 4.59% 4.74%
(H) Unimproved Residential 0.28% 4.55%
(i) Homeowner 3.26% 5.17%
BE IT FURTHER RESOLVED that based upon the a ssigned percentages of
revenues to be raised, the amount of revenues to be derived within the net
taxable buildings and net taxable lands of each class are listed as follows:
Classes of Revenues Revenues Revenues
Proverty Net Taxable Net Taxable Net Taxable
Buildings Lands Real Proverty
(A) Improved Residential $5,762,779 $9,793,368 $15,556,147
(B) Apartment 8,378,735 5,574,414 13,953,149
(C) Commercial 3,055,654 3,435,356 6,491,010
(D) industrial 1,620,204 2,076,432 3,696,636
(E) Agricultural 5,670,425 21,085,305 26,755,730
(F) Conservation 158,560 2,980,745 3,139,305
(G) Hotel and Resort 4,125,130 4,258,754 8,383,884
(H) Unimproved Residential 248,879 4,086,280 4,335,159
(I) Homeowner 2.930.405 4,647.243 7.577,648
Total - All Classes $31,950.771 $57,937.897 $89.888.668
BE IT FURTHER RESOLVED that based udeterminesotheefollowangescheduletof
Council of the County of Hawaii hereby in the County of Hawaii
rates to which the various classes of real property
shall be tared per $1,000 of assessed valuation for the fiscal year July 1,
1994, to June 30, 1995.
('lasses of
Property
(A) Improved Residential
(B) Apartment
(C) Commercial
(D) Industrial
(E) Agricultural
(F) Conservation
(G) Hotel/Resort
(H) Unimproved Residential
(I) Homeowner
Tax Rate
Per Thousand
Net Taxable Buildings
$8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.50
4.45
BE IT FURTHER RESOLVED that the Clerk of
hereby directed to transmit a certified copy
Director of Finance of the County of Hawaii.
$ 8.50
10.00
10.00
10.00
10.00
10.00
10.00
10.00
4.45
the County of Hawaii be and is
of this Resolution to the
Taz Rate
Per Thousand
Net Taxable L n s
June 1994•
Dated at Hilo, Hawaii, this 1st day of
INTRODUCED BY:
COUN'1'iC COUNCIL
County of Hawaii
Hilo, Hawaii
D
COUNCIL MEMBER, COUNTY OF HAWAII
I hereby certify that the foregoing RESOLUTION was by the
wte indicated to the right hereof adopted by 9 4 COUNCIL of
June 1, I9
the County of Hawaii on
ATTEST:
p RK CHAIRMAN & PRESIDING OFFICER
LL CALL VOTE
AYES NOES ABS EX
X
Reference
RESOLUTION NO. 231 94