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HomeMy WebLinkAboutCOM 0293.003 2016-2018 Eileen O'Hara ._ ---— ;- •,, Phone: (808) 965-2712 Council Member •''c?••����••,;;S' Fax: (808) 961-8912 Council District 4 ���l Email: eileen.ohara@hawaiicounty.gov Iv Chair: Environmental Vice Chair: Planning Committee and ?;T::r::= �'. Agriculture, Water&Energy Management Committee E •of N►. :_ Sustainability Committee County of Hawaii Hawaii County Council 25 Aupuni Street, Suite 1402 • Hilo, Hawaii 96720 Q; —C: Valerie T. Poindexter, Chair 1/4/1 Hawaii County Council =1— � � Hilo, Hawai`i 96720 May 25, 2017 Attached please find information for distribution to all Councilmembers prior to the June 5, 2017 meeting Special Council Meeting. The information relates to amendments to the RPT Rates that I will be proposing in Communication No. 293.2. I have included 15 copies in hopes that all required parties can receive one. Thank you for your attention in this matter. 47ahalo )LI D damn. No.�j �cl R 3.3 Ref. To:._. Ref. Date JUN 0 5 201 Hawai`i County is an Equal Opportunity Provider and Employer. Calculations of Alternative Tax Rates per the RPT Tax Calculator model provided by the Finance Director RPT Tax Calculator Mayor's Plan Council Plan A B A B FY2018 Proposed Tax Rate Proposed Tax Rate Existing Mayor's Proposal Council Proposal ' Class Certified Vaiges Rates A Rates B Rates Total Taxes Total Taxes 1.085 1.0475 1 Affordable Rental 260,487,400 6.15 0.0% 6.15 0.0% 6.15 1,601,998 1,601,998 2 Residential 9,007,616,365 10.70 6.5% 10.90 8.5% 10.05 96,381,495 98,183,018 3 Apartment 4,674,004,675 11.55 6.5% 11.75 8.3% 10.85 53,984,754 54,919,555 4 Commercial 1,549,252,035 10.70 6.5% 10.90 8.5% 10.05 16,576,997 16,886,847 5 Industrial 1,076,799,505 10.70 6.5% 10.90 8.5% 10.05 11,521,755 11,737,115 6 Agricultural 5,574,494,253 9.85 6.5% 9.50 2.7% 9.25 54,908,768 52,957,695 7 Conservation 328,956,400 11.55 6.5% 11.55 6.5% 10.85 3,799,446 3,799,446 8 Hotel&Resort 1,298,079,007 11.55 6.5% 11.75 8.3% 10.85 14,992,813 15,252,428 9 Homeowners 6,686,964,807 6.55 6.5% 635 3.3% 6.15 43,799,619 42,462,227 51.7% 6.0% Totals 30,456,654,447 Avg Increase 6.5% Avg.Increase(6&9) 3.0% 297,567,645 297,800,329 42.0% Avg. Increase(2,3,4,5,&8) 8.4% Difference of Plan B over Plan A 232,684 Less a CRF Increase of$225k 7,684 1 DISTRICT 1 RPT Tax Calculator District 1 Mayor's Plan Council Paan A 8 C A B FY2018 Proposed Tax Rate Proposed Tax Rate Existing Mayor's Proposal Council Proposal # 'Class Certifed'Values Rates A Rates B Rates Total Taxes Total Taxes 1.085 1.0475 1 Affordable Rental 21,483,100 6.15 0.00% 6.15 0.0% 6.15 132,121 132,121 2 Residential 284,190,700 10.70 6.47% 10.90 8.46% 10.05 3,040,840 3,097,679 3 Apartment 43,671,700 11.55 6.45% 11.75 8.29% 10.85 504,408 513,142 4 Commercial 43,459,600 10.70 6.47% 10.90 8.46% 10.05 465,018 473,710 5 Industrial 13,351,800 10.70 6.47% 10,90 8.46% 10.05 142,864 145,535 6 Agricultural 741,551,400 9.85 6.49% 9.50 2.70% 9.25 7,304,281 7,044,738 7 Conservation 18,818,400 11.55 6.45% 11.55 6.45% 10.85 217,353 217,353 8 Hotel&Resort 927,600 11.55 6.45% 11.75 8.29% 10.85 10,714 10,899 9 Homeowners 529,291,100 6.55 6.50% 6.35 3.25% 6.15 3,466,857 3,360,998 51.75% 5.95% Totals 1,696,745,400 Avg Increase 6.47% Avg.Increase(6&9) 2.98% 15,284,456 14,996,175 42.0% 5.14% 5.04% Avg.Increase(2,3,4,5,&8) 8.4% 2 DISTRICT 2 RPT Tax Calculator District 2 Mayor's Plan Council Plan A B C A B FY2018 Proposed Tax Rate Proposed Tax Rate Existing Mayor's Proposal Council Proposal # Class Certified Values Rates A Rates B Rates Total Taxes Total Taxes 1.085 1.0475 1 Affordable Rental 70,139,900 6.15 0.00% 6.15 0.0% 6.15 431,360 431,360 2 Residential 391,718,400 10.70 6.47% 10.90 8.46% 10.05 4,191,387 4,269,731 3 Apartment 70,561,400 11.55 6.45% 11.75 8.29% 10.85 814,984 829,096 4 Commercial 272,967,900 10.70 6.47% 10.90 8.46% 10.05 2,920,757 2,975,350 5 Industrial 14,591,300 10.70 6.47% 10.90 8.46% 10.05 156,127 159,045 6 Agricultural 135,046,100 9.85 6.49% 9.50 2.70% 9.25 1,330,204 1,282,938 7 Conservation 3,287,300 11.55 6.45% 11.55 6.45% 10.85 37,968 37,968 8 Hotel&Resort 2,771,100 11.55 6.45% 11.75 8.29% 10.85 32,006 32,560 9 Homeowners 695,450,700 6.55 6.50% 6.35 3.25% 6.15 4,555,202 4,416,112 51.75% 5.95% Totals 1,656,534,100 Avg Increase 6.47% Avg.Increase(6&9) 2.98% 14,469,995 14,434,160 42.0% 4.86% 4.85% Avg.Increase(2, 3,4,5,&8) 8.4% 3 DISTRICT 3 RPT Tax Calculator District 3 Mayor's Plan Council Plan A B C A B FY2018 Proposed Tax Rate Proposed Tax Rate Existing Mayor's Proposal Council Proposal # Class Certified Values Rates A Rates B Rates Total Taxes Total Taxes 1.085 1.0475 1 Affordable Rental 69,826,800 6.15 0.00% 6.15 0.0% 6.15 429,435 429,435 2 Residential 420,738,800 10.70 6.47% 10.90 8.46% 10.05 4,501,905 4,586,053 3 Apartment 39,173,200 11.55 6.45% 11.75 8.29% 10.85 452,450 460,285 4 Commercial 212,354,200 10.70 6.47% 10.90 8.46% 10.05 2,272,190 2,314,661 5 Industrial 337,473,700 10.70 6.47% 10.90 8.46% 10.05 3,610,969 3,678,463 6 Agricultural 170,919,400 9.85 6.49% „a'" " " 9.50 2.70% 9.25 1,683,556 1,623,734 7 Conservation 1,660,400 11.55 6.45% 11.55 6.45% 10.85 19,178 19,178 8 Hotel&Resort 76,337,000 11.55 6.45% 11.75 8.29% 10.85 881,692 896,960 9 Homeowners 537,528,700 6.55 6.50% 6.35 3.25% 6.15 3,520,813 3,413,307 51.75% 5.95% Totals 1,866,012,200 Avg Increase 6.47% Avg. Increase(6&9) 2.98% 17,372,188 17,422,076 42.0% 5.84% 5.85% Avg. Increase(2, 3,4,5,&8) 8.4% 4 DISTRICT 4 RPT Tax Calculator District 4 Mayor's Plan Council Plan A B C A B FY2018 Proposed Tax Rate Proposed Tax Rate Existing Mayor's Proposal Council Proposal It Class Certified Values Rates A Rates B Rates Total Taxes Total Taxes 1.085 1.0475 1 Affordable Rental 38,525,300 6.15 0.00% 6.15 0.0% 6.15 236,931 236,931 2 Residential 234,242,400 10.70 6.47% 10.90 8.46% 10.05 2,506,394 2,553,242 3 Apartment - 11.55 6.45% 11.75 8.29% 10.85 - - 4 Commercial 18,710,300 10.70 6.47% 10.90 8.46% 10.05 200,200 203,942 5 Industrial 3,407,700 10.70 6.47% 10.90 8.46% 10.05 36,462 37,144 6 Agricultural 709,366,400 9.85 6.49% 9.50 2.70% 9.25 6,987,259 6,738,981 7 Conservation 13,621,500 11.55 6.45% 11.55 6.45% 10.85 157,328 157,328 8 Hotel&Resort - 11.55 6.45% 11.75 8.29% 10.85 - - 9 Homeowners 457,942,400 6.55 6.50% 6.35 3.25% 6.15 2,999,523 2,907,934 51.75% 5.95% Totals 1,475,816,000 Avg Increase 6.47% Avg. Increase(6&9) 2.98% 13,124,097 12,835,502 42.0% 4.41% 4.31% Avg.Increase(2,3,4,5,&8) 8.4% 5 DISTRICT 5 RPT Tax Calculator District 5 Mayor's Plan Council Plan A B C A B FY2018 Proposed Tax Rate Proposed Tax Rate Existing Mayor's Proposal Council Proposal # Class Certified Values Rates A Rates B Rates Total Taxes Total Taxes 1.085 1.0475 1 Affordable Rental 33,175,000 6.15 0.00% 6.15 0.0% 6.15 204,026 204,026 2 Residential 35,174,200 10.70 6.47% 10.90 8.46% 10.05 376,364 383,399 3 Apartment - 11.55 6.45% 11.75 8.29% 10.85 - 4 Commercial 22,991,700 10.70 6.47% 10.90 8.46% 10.05 246,011 250,610 5 Industrial 76,450,800 10.70 6.47% 10.90 8.46% 10.05 818,024 833,314 6 Agricultural 830,426,300 9.85 6.49% 9.50 2.70% 9.25 8,179,699 7,889,050 7 Conservation 2,583,300 11.55 6.45% 11.55 6.45% 10.85 29,837 29,837 8 Hotel&Resort - 11.55 6.45% 11.75 8.29% 10.85 9 Homeowners 361,478,300 6.55 6.50% 6.35 3.25% 6.15 2,367,683 2,295,387 51.75% 5.95% Totals 1,362,279,600 Avg Increase 6.47% Avg. Increase(6&9) 2.98% 12,221,644 11,885,623 42.0% 4.11% 3.99% Avg. Increase(2,3,4,5,&8) 8.4% 6 DISTRICT 6 RPT Tax Calculator District 6 Mayor's Plan Council Plan A B C A B FY2018 Proposed Tax Rate Proposed Tax Rate Existing Mayor's Proposal Council Proposal # Class Certified Values Rates A Rates B Rates Total Taxes Total Taxes 1.085 1.0475 1 Affordable Rental 10,004,000 6.15 0.00% 6.15 0.0% 6.15 61,525 61,525 2 Residential 269,404,300 10.70 6.47% 10.90 8.46% 10.05 2,882,626 2,936,507 3 Apartment 16,878,800 11.55 6.45% 11.75 8.29% 10.85 194,950 198,326 4 Commercial 54,770,900 10.70 6.47% 10.90 8.46% 10.05 586,049 597,003 5 Industrial 7,097,200 10.70 6.47% 10.90 8.46% 10.05 75,940 77,359 6 Agricultural 1,198,171,900 9.85 6.49% 9.50 2.70% 9.25 11,801,993 11,382,633 7 Conservation 71,032,000 11.55 6.45% 11.55 6.45% 10.85 820,42.0 820,420 8 Hotel&Resort 1,801,700 11.55 6.45% 11.75 8.29% 10.85 20,810 21,170 9 Homeowners 389,857,2.00 6.55 6.50% 6.35 3.25% 6.15 2,553,565 2,475,593 51.75% 5.95% Totals 2,019,018,000 Avg Increase 6.47% Avg. Increase(6&9) 2.98% 18,997,878 18,570,536 42.0% 6.38% 6.24% Avg. Increase(2, 3,4, 5, &8) 8.4% 7 DISTRICT 7 RPT Tax Calculator District 7 Mayor's Plan Council Plan A B C A B FY2018 Proposed Tax Rate Proposed Tax Rate Existing Mayor's Proposal Council Proposal # Class Certified Values Rates A Rates 8 Rates Total Taxes Total Taxes 1.085 1.0475 1 Affordable Rental 5,304,700 6.15 0.00% 6.15 0.0% 6.15 32,624 32,624 2 Residential 1,099,164,100 10.70 6.47% 10.90 8.46% 10.05 11,761,056 11,980,889 3 Apartment 1,405,868,900 11.55 6.45% 11.75 8.29% 10.85 16,237,786 16,518,960 4 Commercial 292,704,700 10.70 6.47% 10.90 8.46% 10.05 3,131,940 3,190,481 5 Industrial 216,792,900 10.70 6.47% 10.90 8.46% 10.05 2,319,684 2,363,043 6 Agricultural 411,993,100 9.85 6.49% 9.50 2.70% 9,25 4,058,132 3,913,934 7 Conservation 10,602,800 11.55 6.45% 11.55 6.45% 10.85 122,462 122,462 8 Hotel&Resort 329,527,300 11.55 6.45% 11.75 8.29% 10.85 3,806,040 3,871,946 9 Homeowners 1,006,909,500 6.55 6.50% 6.35 3.25% 6.15 6,595,257 6,393,875 51.75% 595% Totals 4,778,868,000 Avg Increase 6.47% Avg. Increase(6&9) 2.98% 48,064,981 48,388,214 42.0% 16.15% 16.25% Avg.Increase(2,3,4,5,&8) 8.4% 8 DISTRICT 8 RPT Tax Calculator District 8 Mayor's Plan Council Plan A B C A 6 FY2018 Proposed Tax Rate Proposed Tax Rate Existing Mayor's Proposal Council Proposal 4I Class Certified Values Rates A Rates B Rates Total Taxes Total Taxes 1.085 1.0475 1 Affordable Rental 2,745,200 6.15 0.00% 6.15 0.0% 6.15 16,883 16,883 2 Residential 4,255,049,100 10.70 6.47% 10.90 8.46% 10.05 45,529,025 46,380,035 3 Apartment 1,788,541,500 11.55 6.45% 11.75 8.29% 10.85 20,657,654 21,015,363 4 Commercial 383,693,100 10.70 6.47% 10.90 8.46% 10.05 4,105,516 4,182,255 5 Industrial 377,156,700 10.70 6.47% 10.90 8.46% 10.05 4,035,577 4,111,008 6 Agricultural 726,188,400 9.85 6.49% ' 9.50 2.70% 9.25 7,152,956 6,898,790 7 Conservation 162,217,900 11.55 6.45% 11.55 6.45% 10.85 1,873,617 1,873,617 8 Hotel&Resort 463,620,600 11.55 6.45% 11.75 8.29% 10.85 5,354,818 5,447,542 9 Homeowners 1,437,481,200 6.55 6.50% 6.35 3.25% 6.15 9,415,502 9,128,006 51.75% 5.95% Totals 9,596,693,700 Avg Increase 6.47% Avg. Increase(6&9) 2.98% 98,141,548 99,053,499 42.0% 32.98% 33.26% Avg. Increase(2,3,4,5,&8) 8.4% 9 DISTRICT 9 RPT Tax Calculator District 9 Mayor's Plan Council Plan A B C A B FY2018 Proposed Tax Rate Proposed Tax Rate Existing Mayor's Proposal Council Proposal # Class Certified Values Rates A Rates B Rates Total Taxes Total Taxes L085 1.0475 1 Affordable Rental 9,283,400 6.15 0.0% 6.15 0.0% 6.15 57,093 57,093 2 Residential 2,029,440,600 10.70 6.5% 10.90 8.5% 10.05 21,715,014 22,120,903 3 Apartment 1,313,558,400 11.55 6.5% 11.75 8.3% 10.85 15,171,600 15,434,311 4 Commercial 256,889,400 10.70 6.5% 10.90 8.5% 10.05 2,748,717 2,800,094 5 Industrial 32,801,900 10.70 6.5% 10.90 8.5% 10.05 350,980 357,541 6 Agricultural 658,295,700 9.85 6.5% 9.50 2.7% 9.25 6,484,213 6,253,809 7 Conservation 49,085,000 11.55 6.5% 11.55 6.5% 10.85 566,932 566,932 8 Hotel&Resort 429,827,900 11.55 6.5% 11.75 8.3% 10.85 4,964,512 5,050,478 9 Homeowners 1,272,229,300 6.55 6.5% 6.35 3.3% 6.15 8,333,102 8,078,656 51.75% 6.0% Totals 6,051,411,600 Avg Increase 6.5% Avg.Increase(6&9) 3.0% 60,392,163 60,719,817 42.0% 20.30% 20.39% Avg.Increase(2,3,4,5,&8) 8.4%, 10 Impact of Alternate Rates on the Tax Percent in the 9 Districts * District Mayor's Plan Mayor's Plan Council's Plan Total Council's Plan Percent Total Tax Tax Percent Tax Collections Tax Percent Increase/ Collections _ Decrease District 1 $ 15,284,456 5.1% $ 14,996,175 5.0% District 2 $ 14,469,996 4.9% $ 14,434,160 4.8% District 3 $ 17,372,188 5.8% $ 17,422,076 5.9% District 4 $ 13,124,097 4.4% $ 12,835,502 4.3% District 5 $ 12,221,644 4.1% .$ 11,885,623 4.0% District 6 $ 18,997,877 6.4% $ 18,570,536 6.2% District 7 $ 48,064,982 16.2% $ 48,388,214 16.2% - District 8 $ 98,141,548 33.0% $ 99,053,499 33.3% District 9 $ 60,392,162 20.3% $ 60,719,817 20.4% Totals $ 298,068,950 100% $ 298,305,602 100% * The total tax collection amounts for the Mayor's Plan may differ slightly (0.17%)from the amounts provided in the RPT Calculation model provided by the Finance Department. The individual District property valuations were taken from the May 14,2017 Hawaii Tribune Herald and the difference may be attributed to rounding errors. 11 Relevant data from the Tax Foundation organization "The Tax Foundation, an independent, non-profit, non-partisan educational and research organization, came up with sonic figures for the 2015 tax year. As reported by the Fiscal Times, the Tax Foundation found that the top ten best states for property taxes based on effective rates on owner-occupied houses are: 1. Hawaii -0.28 percent 2. Alabama- 0.43 percent 3. Louisiana - 0.51 percent 4. Delaware - 0.55 percent 5. District of Columbia- 0.57 percent 6. South Carolina- 0.57 percent 7. West Virginia- 0.59 percent 8. Wyoming - 0.61 percent 9. Colorado - 0.61 percent 10. Arkansas - 0.62 percent So there you have it. Hawaii is the next best thing to a state with no property tax." New Jersey is the worst with a ratio of 2.38%. State & Local Property Tax Collections per capita: U.S. _ $1,462 Hawaii =$980 (ranked 40 out of 50) Alabama= $522 (Lowest Average) New Jersey= $3,065 (Highest Average) https://taxfoundation.org 12