HomeMy WebLinkAboutRES 262 Draft 01 1998-2000 COUNTY OF HAWAII ` STATE OF HAWAII
RESOLUTION NO. 262 00
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF
HAWAII FOR THE FISCAL YEAR JULY 1, 2000, TO JUNE 30, 2001.
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(e) 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 27, 2000, certified and furnished by the Director of Finance of
the County of Hawaii:
Value of Net
Value of Net Value of Net Taxable Real
Classes of Property Taxable Buildings Taxable Land Property
(A) Improved Residential $ 676,]74,123 $ 885,703,737 $ 1,561,877,860
(B) Apartment 928,776,403 472,629,061 1,401,405,464
(C) Commercial 424,848,680 414,440,077 839,288,757
(D) Industrial 186,636,459 216,074,931 402,71 ],390
(E) Agricultural or Native Forest 703,235,478 1,400,924,131 2,104,159,609
(F) Conservation 11,546,246 279,024,055 290,570,301
(G) Hotel and Resort 613,592,697 538,609,149 1,L52,201,846
(H) Unimproved Residential 26,569,186 254,597,454 281,166,640
(I) Homeowners 1,009,481,927 1,040,519,858 2,050,001,785
TOTAL-ALL CLASSES $ 4,580,861,199 $5,502,522,453 $ 10,083,383,652
and
WHEREAS, the Administration has determined that it anticipates collecting 96.68% 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 96.68% of Assessments $80,023,500
Amount of Unanticipated Collection 2,747,202
Total Revenues to be Derived from Real Property $82,770,702
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 ]ands and net taxable buildings within each of the following classes of property:
Revenues Percentage Revenue Percentage
Net Taxable Building Net Taxable Land
Classes of Property Percentage Percentage
(A) Improved Residential 6.94% 9.10%
(B) Apartment 9.54% 5.71
(C) Commercial 4.36% 5.01%
(D) Industrial 1.92% 2.61%
(E) Agricultural or Native Forest 7.22% 16.92%
(F) Conservation 0.12% 3.37%
(G) Hotel and Resort 6.30% 6.51
(H) Unimproved Residential 0.27% 3.08%
Homeowners 5.43% 5.59%
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 the net taxable land of each class are
listed as follows:
Revenues Revenues Revenues
Net Taxable Net Taxable Net Taxable Real
Classes of Property Buildings Land Property
(A) Improved Residential $ 5,747,480 $ 7,528,482 $ 13,275,962
(B) Apartment 7,894,599 4,726,291 12,620,890
(C) Commercial 3,611,214 4,144,401 7,755,615
(D) Industrial 1,586,410 2,]60,749 3,747,159
(E) Agricultural or Native Forest 5,977,502 14,009,241 19,986,743
(F) Conservation 98,143 2,790,241 2,888,384
(G) Hotel and Resort 5,215,538 5,386,091 10,601,629
(H) Unimproved Residential 225,838 2,545,974 2,771,812
(I) Homeowners 4,492,195 4,630,313 9,122,508
TOTAL-ALL CLASSES $34,848,919 $ 47,921,783 $82,770,702
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, 2000, to June 30, 2001.
Tax Rate Per Thousand Tax Rate Per Thousand
Classes of Property Net Taxable Buildings 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 or Native Forest 8.50 10.00
(F) Conservation 8.50 10.00
(G) Hotel and 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 the Resolution to the Director of Finance of the County of Hawaii.
Dated at Hilo, Hawaii, this 2nd day of June , 2000.
INTR CED BY:
~n,1M'
COUNCIL MEMB R, COUNTY HAWAII
COUNTY COUNCIL ROLL CALL VOTE
County of Hawaii
H110, Hawa1S AYES NOES ABS EX
ARAKAKI X
CHUNG X
1 hereby certify that the foregoing RESOLUTION was by ELARIONOFF X
The vote indicated to the right hereof adopted by the COUNCIL of the JACOBSON
County ofHawai`ion June 2, 2000
LEITHEAD-TODD
PISICCHIO g
ATTEST: SMITH X
TYLER g
~i ~ ~ YAGONG g
/ / ~ 9 0
Reference: C-793/Cotmcil
TY CLE CHAIRMAN & PRESIDING OFFICER RESOLUTION NO. 262 n~