HomeMy WebLinkAboutRES 191 Draft 01 1988-1992COUNTY OF HAWA,4~, ._;; ;STATE OF HAWAII
RESOLUTION No. 191 30
DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAII FOR THF.
FISCAL YEAR JULY 1, 1990, TO JUNE 30, 1991.
WHEREAS, Chapter 19, Article 11, Section 19-90 of the Hawaii County Code,
as amended, provides for 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 rates 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 19, 1990, 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 $ 764,939,528 $1,017,044,188 $1,781,983,716
(B) Unimproved Residential 27,953,490 248,915,447 276,868,937
(C) Apartment 610,079,993 332,899,640 942,979,633
(D) Hotel and Resort 554,978,315 295,031,286 850,009,601
(E) Commercial 251,864,201 183,869,906 435,734,107
(F) Industrial 138,338,365 97,261,017 235,599,382
(G) Agricultural 479,780,083 1,123,384,22.2 1,603,164,305
(H) Conservation 8,107,550 165,142,728 173,250,278
TOTAL - ALL CLASSES $2,836,041,525 $3,463,548,434 $6,299,589,959
and
WHEREAS, the amount to be raised from real pro erty taxes for the fiscal
year July 1, 1990 to June 30, 1991, is the sum of $p57,884,000, based upon the
following:
Current Real Property Tax $55,344,000
Delinquent Real Property Taxes 1,700,000
Interest - Current 55,000
Penalties - Current 200,000
Interest - Delinquent 430,000
Penalties - Delinquent 155,000
Total Estimated Real Property Tax Collections $57,884,000
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that
the following schedule of rates be and is hereby determined as the respective
rates at which real property of the various classes in the County of Hawaii
shall be taxed per $1,000 of assessed value for the fiscal year July 1, 1990,
to June 30, 1991.
Tax Rate Tax Rate
Classes of Per Thousand Per Thousand
Property Net Taxable Buildings Net Taxable Lands
A. Improved Residential 8.50 8.50
B. Unimproved Residential 8.50 10.00
C. Apartment 8.50 10.00
D. Hotel/Resort 8.50 10.00
E. Commercial 8.50 10.00
F. Industrial 8.50 10.00
G. Agricultural 8.50 10.00
H. Conservation 8.50 10.00
BE IT FURTHER RESOLVED that the Clerk of the County of Hawaii be and is
hereby directed to transmit a certified copy of this Resolution to the
Director of Finance of the County of Hawaii.
Dated at Hilo, Hawaii, this 7th day of June 1990.
INTRODUCED BY:
OUNCIL MEMBER, CO NTY OF HAWAII
COUNTY COUNCIL
County of Hawaii
Hilo, Hawaii
I hereby certify that the foregoing RESOLUTION was by
the vote indicated to the right hereof ad~~ted by~the ~$~T~TCIL
of the County of Hawaii on 7 UU .
ATTEST:
r
UN L E HAIRMAN & P ESIDING OFFICER
~~~7^9 6L KK -~.
LA/HAT
ROLL CALL VOTE
AYES NOES ABS EX
DOMINGO X
HALE X
INOUYE X
KOKUBUN }{
LAI X
MAKUAKANE X
RUDDLE }{
SCHUTTE X
YAMASHIRO X
Reference
RESOLUTION NO. 191 .9~