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HomeMy WebLinkAboutRES 460 Draft 01 1988-1992COUNTY OF HAW!/, -;,-STATE OF HAWAII ~.,~ ,: RESOLUTION No. 460 92 DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1, 1992 TO JUNE 30, 1993. 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 20, 1992, 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 $ 589,347,700 $1,007,553,797 $1,596,901,497 (B) Apartment 1,023,952,566 542,768,662 1,566,721,228 (C) Commercial 307,441,098 261,045,328 568,486,426 (D) Industrial 162,266,127 159,593,218 321,859,345 (E) Agricultural 533,084,567 1,718,780,935 2,251,865,502 (F) Conservation 17,364,600 213,884,891 231,249,491 (G) Hotel and Resort 593,677,849 414,199,646 1,007,877,495 (H) Unimproved Residential 27,559,336 338,852,804 366,412,140 (I) Homeowner 491,942,967 816,985,257 1,308,928,224 TOTAL - ALL CLASSES $3,746,636,810 $5,473,664,538 $9,220,301,348 and WHEREAS, the Administration has determined that they anticipate collecting 97.668 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 97.668 of Amount of Unanticipated Collections Total Revenues to be Derived from Real Assessments Property $79,966,800 $ 1,916,056 $81,882,856 NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that the following percentages of the revenues to be derived from current real property taxes are assigned to the net taxable lands and net taxable buildings within each of the following classes of property: Classes Revenue Percentage Revenue Percentage of Property Net Taxable Building Net Taxable Land Percentage Percentage (A) Improved Residential 6.12 10.468 (B) Apartment 10.63$ 6.63 (C) Commercial 3.198 3.19 (D) Industrial 1.68 1.95 (E) Agricultural 5.53$ 20.99 (F) Conservation 0.18 2.61€ (G) Hotel and Resort 6.16 5.06 (H) Unimproved Residential 0.29 4.14 (I) Homeowner 4.21 6.98 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 net taxable lands of each class are listed as follows: Classes of Revenues Revenues Revenues Property D]et Taxable Net Taxable Net Taxable Buildings Lands Real Propert~ (A) Improved Residential $5,009,455 $8,564,207 $13,573,662 (B) Apartment 8,703,597 5,427,687 14,131,284 (C) Commercial 2,613,249 2,610,453 5,223,702 (D) Industrial 1,379,262 1,595,932 2,975,194 (E) Agricultural 4,531,219 17,187,809 21,719,028 (F) Conservation 147,599 2,138,849 2,286,448 (G) Hotel and Resort 5,046,262 4,141,996 9,188,258 (H) Unimproved Residential 234,254 3,388,528 3,622,782 (I) Homeowner 3,443,601 5,718,897 9,162,498 Total - All Classes $31.108,498 $50,774,358 $81,882,856 -2- HE IT FURTHER RESOLVED that based Council of the County of Hawaii hereby rates to which the various classes of shall be taxed per $1,000 of assessed 1992, to June 30, 1993. upon the aforementioned resolves, the determines the following .schedule of real property in the County of Hawaii valuation for the fiscal year July 1, Tax Rate Classes of Per Thousand Property Net Taxa~di Tax Rate Per Thousand Net Taxable Lands (A) Improved Residential $8.50 $ 8.50 (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 7.00 7.00 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 5th day of June , 1992. INTRODUCED BY: COUNCIL MEMBER, COUNTY 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 adopted by the COUNCIL of the County of Hawaii on June 5 , 19 9 2 ATTEST: ~'t/ COUNTY CL HAIRMAN & PRESIDING OFFICER ROLL CALL VOTE AYES NOES ABS EX ARAKAKI DE LIMA X DOMINGO X HALE X KOKUBUN I,AI X MAKUAKANE X RUDDLE X SCHUTTE Reference RESOLUTION NO. 460 92' NOTICE OF PUBLIC HEARING HAWAII COUNTY COUNCIL DATE(S): May 19, 1992 May 20, 1992 TIME(S): 7:00 p.m. 7:00 p.m. PLACE(S): King Kamehameha's Kona Beach Hotel County Councilroom Kailua-Kona, Hawaii Hilo, Hawaii Pursuant to the requirements of Section 19-90, Article 11, Chapter 19 of the Hawaii County Code, notice is hereby given that a public hearing will be held before the Council of the County of Hawaii to consider the proposed real property tax rates for all classes of real property in the County of Hawaii. The County Council will consider the following proposed tax rates for all classes of real property for the fiscal year 1992-93: Building (Per 1, 0 Net Valuation ~~ Land (Per 1,000 Net valuation A. Improved Residential B. Unimproved Residential C. Apartment D. Hotel/Resort E. Commercial F. Industrial G. Agricultural H. Conservation I. Homeowner 8.25 8.25 8.25 8.25 8.25 8.25 8.25 8.25 7.50 8.50 10.00 10.00 10.00 10.00 10.00 10.00 10.00 7.50 In considering the proposed rates, the Council may increase or decrease the rates pending the results of the Public Hearing. All interested persons are invited to attend and they shall be afforded the opportunity of being heard. Those desiring to address the County Council must register as a speaker at the Office of the County Clerk on or prior to the public hearing. Speakers are requested to submit copies of their testimonies, if possible. Those unable to attend may file their written comments on the subject before the Council acts on the subject matter by addressing their correspondences to Hawaii County Council, 25 Aupuni Street, Hawaii County Building, Hilo Hawaii 96720. BY AUTHORIT~THE All COUNTY COUNCIL ~~ r ~_ COUNTY CLERK NOTICE OF MEETING Hawaii County Council Hilo, Hawaii NOTICE IS HEREBY GIVEN that in compliance with Chapter 19, Article 11, Section 19-90 (b)(2) of the Hawaii County Code, as amended, the County Council of the County of Hawaii will be holding a meeting on the following date, time and place for the purpose of fixing the real property tax rates for the fiscal year July 1, 1992, to June 30, 1993. DATE: June 5, 1992 TIME: 10:00 a.m. PLACE: Councilroom, Hawaii County Building 25 Aupuni Street Hilo, Hawaii The real property tax rates for the fiscal year July 1, 1992 to June 30, 1993 shall be fixed as follows: Classes of Property Buildin (Per , Net Valuation Land (Per $~"6~0 Net Valuation Improved Residential Apartment Commercial Industrial Agricultural Conservation Hotel/Resort Unimproved Residential Homeowner $8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.50 7.00 $ 8.50 10.00 10.00 10.00 10.00 10.00 10.00 10.00 7.00 The aforementioned rates will be fixed pursuant to the County Council's adoption of Resolution 460 92. Copies of said resolution, in full, are on file in the County Clerk's office for use and examination during regular office hours. BY AUTHORITY OF HAW COUNTY COUNCIL ,!~/~ti~ ©La r COUNT CLERK v AFIi,IDAVirI' OE, YUl3LICA~I'ION Sate of Ila~l aii Cvuuty of IIawtui } SS. Iil~13EU'1' WLN'I'EL1JH. bciug first duly sworn, deposes and says: ,:, 1. 'That. he is the Classified Advertising Manager of WEST HAWAII '1'OllAY, IN C, publisher of West lluwaii Today, a newspaper published in Ills City of Kailua-I~uuu, State of Ilawaii. ~. ~l~bat Lllc ~~ NOTICE F P B •I ri AKIN -G IASaArr rnatamv rntt~v~r. nam~~,T„~• ~5a} for ioo~ m } ~nr »u~ ~qg (s)• 7sAA-P m. ?a•8A p.m. PLACE (S): King F:amehameha's Kona Beach Hotel Railua- Knna r, ftiawai i ('nn nt~,• ('nn nci lrnnrm~~ of which a cliplring from the ul~wspuper us published is attached Hereto, was published in said newspaper uu the fallowing dates 19,x_ (clc.). Subscribed attd swore to before me tbis ~S'~'l day of ~'`a" , 19 Q~ _ V ~- ~ Notary Public, Third Clrcult, Stslo of Nawsll b ~.. .~ lily Conunissiou Expires A~ (' ~` !`~~~ 1,1~ l~ 1llt~V1~l' V.l~ l~ V ~L~l.~~rl,.~~l\ Stair of Llawuii Cuuuly of lluwaii } SS. Itl)ISI+:If'1' ~VlIV'1'l;Llai. 1-ciug Grsl duly swor><-, ilcpuses uud says: I . 'Clu:l 1-c is ll-c Classilicd Advcrlisiug Muuugcr of ~'VLS1' liA~~A[l 'I'l)UAl', 11VC, In-l-lisl-cr of ~Vcsl lluwa>ii'1'uday, a newsl-u~-cr puLlisl-cd ii-_ !!tc (;il~• of Itailua-l~uta:a, Sl:~le zsI• ll:nvaii. L. ~1'1-al ll-C ~~ NOTICE OF MEETING Hawaii County Council Hilo, Hawai;______ NOTICE IS'HEREBY GIVEN that in compliance with Chapter 19, Article 11, Section 19-90 (b) (2) of the Hawaii County Code, as amended, the Count Council of the County of Hawaii_,~~ of Wlllclt a cl,'(-i1111b IPUIIl 1110 --r~~vslralrcr us i-uLlisLed is ullutildetl Lerclo, was 1-ul;'lisl-cd i-- said nt:ws>l-a~>ter ul- 11-c 1•ulluwiug dulc(s) _~_ May 28 ~___~ fit) 92 _ telc.). Sul-scril~cd uud swur><>< to bclorc uie Y 11-~s Ist-- day ui' _~ , 19 ~~ Notary Pubilc, Thlyd Clrtarlt, State of Haweil d nay Cununissiou Expires ~`~~ ~ `~