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HomeMy WebLinkAboutRES 622 Draft 01 1976-19800 County of Hawaii—State of Hawaii Resolution No: f;2 DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1, 1980, TO JUNE 30, 1981. WHEREAS, Section 248-2, Hawaii Revised Statutes, as amended, provides that the Council of the County of Hawaii shall by resolution fix a single tax rate for real property for the tax year for which property taxes are to be raised; WHEREAS, The Council has taken as a basis for calculating the real property tax rate for the County of Hawaii the -following aggregate values of real property in the County of Hawaii assessable for tax purposes as of April 18, 1980, certified and furnished by the Director of Taxation of the State of Hawaii: Conservation 1,299,650 22,780,399 24,080,049 TOTAL - ALL CLASSES $521,279,611 $847,595,221 $1,368,874,832 and WHEREAS, the amount to be raised from real property taxes for the fiscal year July 1, 1980 to June 30, 1981, is the sum of $24,502,860; and WHEREAS, the Council of the County of Hawaii has determined that the tax rate certified by the State Tax Director shall be increased, has advertised its intention to increase the rate, and Value of Value of Value of Classes of Net Taxable Net Taxable Net Taxable Property Buildings Land Real Property Residential $128,330,665 $279,614,298 $407,944,963 Hotel, Apartment & Resort 205,142,866 82,227,330 287,370,196 Commercial 61,856,045 52,172,208 114,028,253 Industrial 43,253,819 26,806,859 70,060,678 Agricultural 81,396,566 383,994,127 456,390,693 Conservation 1,299,650 22,780,399 24,080,049 TOTAL - ALL CLASSES $521,279,611 $847,595,221 $1,368,874,832 and WHEREAS, the amount to be raised from real property taxes for the fiscal year July 1, 1980 to June 30, 1981, is the sum of $24,502,860; and WHEREAS, the Council of the County of Hawaii has determined that the tax rate certified by the State Tax Director shall be increased, has advertised its intention to increase the rate, and has held a public hearing concerning such determination. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF 7fiE COUNTY OF HAWAII that the tax rate for real property for the tax year 1980-81 shall be $17.90 per $1000 of assessed value of taxable real property. 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 Taxation of the State of Hawaii as required by law. Dated at Hilo, Hawaii, this 3rd day of June 1980. INTRODUCED BY: 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 3, 1980 ATTEST: 1�114 a. e. PHE K. Y HIRO COUNCLE K airman h 1'resid' Officer ROLL CALL VOTE AYES NOES A/E Dahlberg X Domingo X Fujii g Garcia X Kawahars Lai Sameshima X Tajiri Chr. Yamashim g X 7 2 0 Relerence:.....................CWR M.B. No................................................................ RESOLUTION NO.............6 17 . .......................