HomeMy WebLinkAboutRES 213 Draft 01 2016-2018 -- O {fit,
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COUNTY OF HAWAII •: ; STATE OF HAWAII
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RESOLUTION NO. 213 17
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE
COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1,2017, TO JUNE 30,2018.
WHEREAS, Chapter 19,Article 7, Section 19-53(e), of the Hawai`i County Code 1983
(2016 Edition, as amended),provides for the classification of property in the County of Hawai`i;
and
WHEREAS, Chapter 19, Article 11, Section 19-90(b), of the Hawai`i County Code 1983
(2016 Edition, as amended),provides for the establishment of tax rates via resolution by the
Council of the County of Hawai`i for net taxable lands and net taxable buildings for each class of
property; and
WHEREAS, the Council of the County of Hawai`i 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, 2017, certified and furnished by the Director of Finance of the County of Hawai`i:
Value of Net Value of Net Value of Net
Classes of Property Taxable Real
Taxable Buildings Taxable Lands
Property
A. Residential $ 4,468,601,422 $ 4,539,014,943 $ 9,007,616,365
B. Affordable Rental Housing $ 171,630,500 $ 88,856,900 $ 260,487,400
C. Apartment $ 3,593,357,525 $ 1,080,647,150 $ 4,674,004,675
D. Hotel and Resort $ 786,419,750 $ 511,659,257 $ 1,298,079,007
E. Commercial $ 799,590,873 $ 749,661,162 $ 1,549,252,035
F. Industrial $ 526,129,555 $ 550,669,950 $ 1,076,799,505
G. Agricultural or Native Forests $ 2,877,993,217 $ 2,696,501,036 $ 5,5,74,494,253
H. Conservation $ 53,807,400 $ 275,149,000 $ 328,956,400
I. Homeowner $ 3,706,816,858 $ 2,980,147,950 $ 6,686,964,808
TOTAL(ALL CLASSES): $ 16,984,347,100 $ 13,472,307,348 $ 30,456,654,448
; and
WHEREAS, the Council of the County of Hawaii completed its public hearing on May 16,
2017, and shall adopt the tax rates on or before June 20, 2017; now, therefore,
BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that the
approximate percentage of the revenue to be derived from real property taxes for net taxable
lands and net taxable buildings within each class of property are listed as follows:
Net Taxable Net Taxable
Classes of Property Buildings Lands
(Revenue %) (Revenue %)
A. Residential 16.07% 16.32%
B. Affordable Rental Housing 0.35% 0.18%
C. Apartment 13.95% 4.19%
D. Hotel and Resort 3.05% 1.99%
E. Commercial 2.88% 2.70%
F. Industrial 1.89% 1.98%
G. Agricultural or Native Forests 9.53% 8.93%
H. Conservation 0.21% 1.07%
I. Homeowner 8.16% 6.56%
BE IT FURTHER RESOLVED that based upon the assigned percentages of
approximate revenue to be raised,the amount of revenues to be derived from real property taxes
for net taxable lands and net taxable buildings within each class of property are listed as follows:
Net Taxable Net Taxable Net Taxable
Classes of Property Buildings Lands •Real Property
(Revenue) (Revenue) (Revenue)
• A. Residential $ 47,814,035 $ 48,567,460 $ 96,381,495
B. Affordable Rental Housing $ 1,055,528 $ 546,470 $ 1,601,998
C. Apartment $ 41,503,279 $ 12,481,475 $ 53,984,754
D. Hotel and Resort $ 9,083,148 $ 5,909,664 $ 14,992,812
E. Commercial $ 8,555,622 $ 8,021,374 $ 16,576,996
F. Industrial $ 5,629,586 $ 5,892,168 $ 11,521,754
G. Agricultural or Native Forests $ 28,348,233 $ 26,560,535 $ 54,908,768
H. Conservation $ 621,475 $ 3,177,971 $ 3,799,446
I. Homeowner $ 24,279,650 $ 19,519,969 $ 43,799,619
TOTAL(ALL CLASSES): $ 166,890,556 $ 130,677,086 $ 297,567,642
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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, 2017, to June 30, 2018:
Tax Rate Per Tax Rate Per
Classes of Property Thousand Net Thousand Net
Taxable Buildings Taxable Lands
A. Residential $ 10.70 $ 10.70
B. Affordable Rental Housing $ 6.15 $ 6.15
C. ,Apartment $ 11.55 $ 11.55
D. Hotel and Resort $ 11.55 $ 11.55
E. Commercial $ 10.70 $ 10.70
F. Industrial $ 10.70 $ 10.70
G. Agricultural or Native Forests $ 9.85 $ 9.85
H. Conservation $ 11.55 $ 11.55
I. Homeowner $ 6.55 $ 6.55
BE IT FINALLY RESOLVED that the County Clerk shall transmit a copy of this
resolution to the Honorable Mayor Harry Kim and the Director of Finance.
Dated at , Hawai`i, this day of , 20 .
INTRODUCED BY:
C e
COUNCIL MEMBER, COUNTY OF HAWAI`I
COUNTY COUNCIL ROLL CALL VOTE
County of Hawaii AYES NOES ABS EX
Hilo, Hawai`i CHUNG
DAVID
I hereby certify that the foregoing RESOLUTION was by EOFF
the vote indicated to the right hereof adopted by the COUNCIL of the KANUHA
County ofHawai`i on .
LEE LOY
O'HARA
ATTEST: POINDEXTER
RICHARDS
RUGGLES
ReferenceP-293/Waived FC
COUNTY CLERK CHAIRPERSON&PRESIDING OFFICER RESOLUTION NO. . 213 I-7
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