HomeMy WebLinkAboutCOM 0923.012 2014-2016 KAREN EOFF ' AARON S.Y.CHUNG
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Chairperson • - !t MAILS."MEDRIROS'DAVID
•i Ptc:"Gerry:•I GREGGOR (LAGAN
VALERIE T. POINDEXTER -"r DRU MAMO KANUHA
Vire Chair %.'44..... ". DENNIS"FRESH"ONISHI
DANNY PALEKA
MARGARET WILLE
HAWAII COUNTY COUNCIL
County ofHawai'i
Hawaii County Building
25 Aupuni Street
Hila Hawaii 96720 ap t
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DATE: October 19, 2016
TO: Dru Mamo Kanuha, Council Chair st 5.;=--;4...✓^
and Members of the Hawaii County Council
FROM: Karen Eoff, Council Member j-ai..w4,D�/>f
Council District 8
SUBJECT: Tax Calculation Chart provided by Stan Sitko, Real Property Tax
Administrator, regarding the effects of replacing nondedicated agricultural use
values with a percentage of market value.
Attached is tax calculation chart prepared by Real Property Tax Administrator Stan Sitko
regarding the Real Property Tax Agricultural Programs.
Thank you.
KE/wpb
Comm. No. 2-_3. 12-
Ref. To: I t'L
Ref. Dote OCT 1 9 296
Hawaii County is an Equal Opportunity Provider and Employer
Effects of replacing non-dedicated agricultural use values with a percentage of market value:
Based on 2016 values and rates; minimum tax effect not allowed for in tax calculation.
Only non-dedicated parcels considered, assessed values rounded to nearest 100.
Baseline is that all parcels stay in the non-dedicated program.
A reasonable estimate is that 90%of the parcels will switch to a dedicated agricultural program,
the homeowner's class or another program they may qualify for.
Tax change at 40%of Market Tax change at 50%of Market
Zone Count @ $9.25/1000 Zone Count @ $9.25/1000
1 1,387 -525,240.48 1 1,387 $126,718.53
2 1,425 $1,129,444.43 2 1,425 $1,533,393.78
3 598 $700,508.98 3 598 $916,539.03
4 1,385 $1,441,680.95 4 1,385 51,861,241.53
5 1,294 $1,889,552.08 5 1,294 52,418,986.93
6 639 $940,456.75 6 639 $1,214,307.63
7 1,351 $1,639,555.10 7 1,351 $2,178,537.80
8 1,365 5899,197.13 8 1,365 $1,256,322.05
9 354 $144,415.63 9 354 $238,325.33
Totals 9,798 $8,759,570.55 Totals 9,798 $11,744,370.73
Tax change at 60%of Market Tax change at 70%of Market
Zone Count @ $9.25/1000 Zone Count @ $9.25/1000
1 1,387 $278,676.60 1 1,387 $430,635.60
2 1,425 $1,937,343.13 2 1,425 $2,341,292.48
3 598 51,132,569.08 3 598 $1,348,599.13
4 1,385 $2,280,802.10 4 1,385 $2,700,362.68
5 1,294 $2,948,420.85 5 1,294 $3,477,854.78
6 639 $1,488,157.58 6 639 $1,762,008.45
7 1,351 $2,717,519.58 7 1,351 53,256,502.28
8 1,365 $1,613,446.98 8 1,365 $1,970,571.90
9 354 $332,234.10 9 354 $426,143.80
Totals 19,798 $14,729,169.98 Totals 9,798 $17,713,970.15
Prepared by:
Stanley Sitko
Real Property Tax Administrator
County of Hawaii