HomeMy WebLinkAboutRES 271 Draft 01 1996-1998
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COUNTY OF HAW~
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SrATE OF HAWAII
RESOLUTION NO. .271 98
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF
HAWAII FOR THE FISCAL YEAR JULY 1, 1998, TO JUNE 30, 1999.
WHEREAS, Chapter 19, Article 11, Section .19-90 of the Hawaii County Code, as amended, provides
for the establishment oftax 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; a.nd
wHEREAS, the Council has taken asa 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 2Q,; 1998, certifiec:iand 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 $ 710,921,120 $ 978,919,557 $ 1 ;689,840,677
(B) Apartment 840,811,944 389,152,468 1,229,964,412
(C) Commercial 416,363,215 . 392,476,657 808,839,872
(D) Industrial 184,960,170 205,599,439 390,559,609
(E) Agricultural or Native Forest 699,984,128 1,491,940,532 2,191,924,660
(F) Conservation 10,843,500 277,819,572 288,663,072
(G) Hotel and Resort 540,507,125 491,540,355 1,032,047,480
(H) Unimproved Residential 27,239,330 269,990,052 297,229,382
(I) Homeowners 947,676,155 1,052,697,459 2,000,373,614
TOTAL-ALL CLASSES $ 4;379,306,687 $5,550,136,091 $ 9,929,442,778
; and
WHEREAS, the Administration has determined that it anticipates collecting 96% 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% of Assessments
Amount of Unanticipated Collection
Total Revenues to be Derived from Real Property
$78,313,500
3,263,031
$81,576,531
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NOW, THEREFORE, BE IT RESOL VEO 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:
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(A)
(B)
(C)
(0)
(E)
(F)
(0)
(H)
(I)
Classes of Property
Revenues Percentage
. Net Taxable. Building
. Percentage
Revenue Percentage
Net Taxable Land
Percentage
Improved Residential
Apartment
Commercial
Industrial
Agricultural or Native Forest
Conservation
Hotel and Resort
Unimproved Residential
Homeowners
7Al%
8.76%
4.34%
1.93%
7.29%
0.11%
5.63%
0.28%
5.17%
10.20%
4.77%
4.81%
2.52%
18.29%
3.41%
6.03%
3.31%
5.74%
BE IT FURTHER RESOL VEO 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 $ 6,042,830 $ 8,320,816 $ 14,363,646
(B) Apartment 7,146,902 3,891,525 11,038,427
(C) Commercial 3,539,087 3,924,767 7,463,854
(0) Industrial. 1,572,161 2,055,994 3,628,155
(E) Agricultural or Native Forest 5,949,865 14,919,405 20,869,270
(F) Conservation 92,170 2,778,196 2,870,366
(0) Hotel and Resort 4,594,311 4,915,404 9,509,715
(H) Unimproved Residential 231,534 2,699,901 2,931,435
(I) Homeowners 4,217,159 4,684,504 8,901,663
TOTAL-ALL CLASSES $33,386,019 $ 48,190,512 $81,576,531
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BE IT FURTHER RESOLYED 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 Ha~aii shall. be taxed per $I~OOO of assessed valuation for the fiscal year July I,
1998, to June 30, 1999.
Tax Rate Per Thousand
Net Taxable Lands
Classes of Property
Tax Rate Per Thousand
Net Taxable Buildings
(A) Improved Residential
(B) Apartment
(C) Commercial
(D) Industrial
(E) Agricultural or Native Forest
(F) Conservation
(0) Hotel and Resort
(H) Unimproved Residential
(I) Homeowner
8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.50
4.45
8.50
10.00
10.00
10.00
10.00
10.00
10.00
10.00
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
1st
day of
June
, 1998.
F HAWAII
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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 1, 1998
ATTEST:
~~
COUNTY CLERK
CHAIRMAN & PRESIDING OFFICER
ROLL CALL VOTE.
AYES NOES ABS EX
ARAKAKI X
CHUNG .' .X
LEITHEAD- TODD X
RAY X
REYNOLDS X
SANTANGELO X
SMITH X
TYLER X .. .
YAGONG .. X i
'.
. 8 0 1 0
3 .
Reference
C~848
RESOLUTION NO.
2tLAe