HomeMy WebLinkAboutRES 115 Draft 02 2012-2014 COUNTY OF HAWAII STATE OF HAWAII
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RESOLUTION NO. 115 13
(DRAFT 2)
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE
COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1, 2013 TO JUNE 30,2014.
WHEREAS, Chapter 19, Article 11, Section 19-90 of the Hawai`i County Code, as
amended, provides for the establishment of tax rates by the Council of the County of Hawai`i 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 Hawai`i County Code, as amended; and
WHEREAS, the Council has taken as a basis for calculating the real property tax rate for
the County of Hawai`i the following schedule of aggregate values of real property for the various
classes in the County of Hawai`i assessable for tax purposes as of April 19, 2013, certified and
furnished by the Director of Finance of the County of Hawai`i:
Value of Net
Value of Net Value of Net Taxable Real
Classes of Property Taxable Building Taxable Land Property
(A) Residential $ 2,961,309,188 $ 3,470,148,395 $ 6,431,457,583
(B) Affordable Rental Housing $ 115,384,400 $ 64,661,600 $ 180,046,000
(C) Apartment $ 2,431,314,002 $ 1,077,153,450 $ 3,508,467,452
(D) Hotel and Resort $ 669,850,300 $ 477,981,450 $ 1,147,831,750
(E) Commercial $ 648,273,050 $ 766,028,950 $ 1,414,302,000
(F) Industrial $ 470,992,230 $ 443,701,520 $ 914,693,750
(G) Agricultural &Native Forest $ 2,105,481,350 $ 2,365,245,026 $ 4,470,726,376
(H) Conservation $ 36,901,600 $ 255,602,050 $ 292,503,650
(I) Homeowner $ 2,645,120,983 $ 2,537,128,300 $ 5,182,249,283
TOTAL-ALL CLASSES $ 12,084,627,103 $ 11,457,650,741 $ 23,542,277,844
; and
WHEREAS, the Council completed its public hearings on May 14, 2013, and shall adopt
the tax rates on or before June 20, 2013; 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 of Property Net Taxable Building Net Taxable Land
(A) Residential 13.77% 16.14%
(B) Affordable Rental Housing 0.33% 0.19%
(C) Apartment 12.21% 5.41%
(D) Hotel and Resort 3.36% 2.40%
(E) Commercial 3.02% 3.56%
(F) Industrial 2.19% 2.06%
(G) Agricultural and Native Forest 9.01% 10.13%
(H) Conservation 0.19% 1.28%
(I) Homeowner 7.53% 7.22%
; and
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 Net
Revenues Net Revenues Net Taxable Real
Classes of Property Taxable Building Taxable Land Property
(A) Residential $ 29,761,157 $ 34,874,991 $ 64,636,148
(B) Affordable Rental Housing $ 709,614 $ 397,669 $ 1,107,283
(C) Apartment $ 26,379,757 $ 11,687,115 $ 38,066,872
(D) Hotel and Resort $ 7,267,876 $ 5,186,099 $ 12,453,975
(E) Commercial $ 6,515,144 $ 7,698,591 $ 14,213,735
(F) Industrial $ 4,733,472 $ 4,459,200 $ 9,192,672
(G) Agricultural and Native Forest $ 19,475,703 $ 21,878,517 $ 41,354,220
(H) Conservation $ 400,382 $ 2,773,282 $ 3,173,664
(I) Homeowner $ 16,267,494 $ 15,603,339 $ 31,870,833
TOTAL-ALL CLASSES $ 111,510,599 $ 104,558,803 $216,069,402
; and
BE IT FURTHER RESOLVED that based upon the aforementioned resolves, the
Council of the County of Hawai`i hereby determines the following schedule of rates to which the
various classes of real property in the County of Hawai`i shall be taxed per $1,000 of assessed
valuation for the fiscal year July 1, 2013, to June 30, 2014:
2
Tax Rate Per Tax Rate Per
Thousand Net Thousand Net
Classes of Property Taxable Buildings Taxable Lands
(A) Residential $ 10.05 $ 10.05
(B) Affordable Rental Housing $ 6.15 $ 6.15
(C) Apartment $ 10.85 $ 10.85
(D) Hotel and Resort $ 10.85 $ 10.85
(E) Commercial $ 10.05 $ 10.05
(F) Industrial $ 10.05 $ 10.05
(G) Agricultural and Native Forest $ 9.25 $ 9.25
(H) Conservation $ 10.85 $ 10.85
(I) Homeowner $ 6.15 $ 6.15
; and
BE IT FURTHER RESOLVED that the Council shall take affirmative steps to decrease
the overall schedule of real property tax rates by 10 percent prior to the Fiscal Year beginning
July 1, 2014, and ending June 30, 2015, subject to the procedures in Section 19-90 of the
Hawai`i County Code (Real property tax; determination of rates); and
BE IT FINALLY RESOLVED that the Clerk of the County of Hawai`i be and is hereby
directed to transmit a copy of the Resolution to the Director of Finance of the County of Hawai`i.
Dated at Hilo , Hawai`i, this 30th day of May , 2013.
INTRODUCED BY:
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COUNCIL MEMBER, COUNTY OF HAWAII
COUNTY COUNCIL ROLL CALL VOTE
County of Hawai`i AYES NOES ABS EX
Hilo, Hawai`i EOFF X
FORD X
I hereby certify that the foregoing RESOLUTION was by ILAGAN X
the vote indicated to the right hereof adopted by the COUNCIL of the KANUHA X
County of Hawaii on May 30, 2013
KERN X
ONISHI X
ATTEST: POINDEXTER X
WILLE X
?(464 a5-762
YOSHIMOTO X
7 2 0 0
Reference: C-279.3/Waived FC
COUNTY CLERK CHAIRPERSON & PRESIDING OFFICER RESOLUTION NO. 115 13
(DRAFT 2)
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