HomeMy WebLinkAboutCOM 0293.006 2016-2018 tY 0i k�'
DRU MAMO KANUHA :'��:'• '; '''•".' PHONE: (808)323-4267
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Council Member FAX: (808)323-4786
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District 7, Central Kona
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HAWAII COUNTY COUNCIL
West Hawai`i Civic Center 74-5044 Ane Keohokalole Highway,Kailua-Kona,Hawai`i 96740 V f'.)
DATE: June 5, 2017 D
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TO:
TO: Valerie T. Poindexter, Council Chair
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and Members of the Hawai`i County Council ,..
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FROM: Dru Mamo Kanuha, Council Member
- Determining A Proposed Amendment to Resolution No. 213-17; A Resolution Determ g the
Real Property Tax Rates for the County of Hawai`i for the Fiscal Year July 1, 2017,
to June 30, 2018.
Below is a proposed amendment to Resolution No. 213-17 to amend the real property tax rates as
proposed in the Operating Budget(Bill No. 11, Draft 2) for fiscal year 2017-2018. The
amendment also changes revenues and revenue percentages based on the amended rates. A
corresponding budget amendment to Bill No. 11, Draft 2, has also been submitted for processing.
The proposed amendment is illustrated below in Ramseyer format with respect to Resolution
No. 213-17 (material to be deleted is bracketed and stricken; material to be added is underscored).
Due to the time constraints, a clean copy of Resolution No. 213-17, Draft 2, is not attached.
The enacting clause and the two BE IT FURTHER RESOLVED clauses are amended as follows:
"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:
Classes of Property Net Taxable Buildings Net Taxable Lands
(Revenue %) (Revenue%)
A. Residential [16.07%] 16.46% [16.32%] 16.72%
B. Affordable Rental Housing 0.35% 0.18%
C. Apartment [13.95%] 13.96% [4.19%] 4.20%
D. Hotel and Resort [3.05%] 3.06% 1.99%
E. Commercial [2.88%] 2.89% [2.70%] 2.71%
F. Industrial [1.89%] 1.90% [1.98%] 1.99%
G. Agricultural or Native Forests [9.53%] 9.68% [8.93%] 9.07%
H. Conservation 0.21% 1.07%
I. Homeowner [8.16%] 7.52% [6.56%] 6.04%
No.S1 •
Hawaii County Is an Equal Opportunity Provider and Employer Ref. To 0'
Ref. bate JUN Q 7n
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 roe taxes
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for net taxable lands and net taxable buildings within each class of property are listed as follows:
Classes of Property Net Taxable Buildings Net Taxable Lands Net Taxable Real Property
(Revenue) (Revenue) (Revenue)
A. Residential $ ['17,811,035] 48,707,755 $ ['18,567,460] 49,475,263 $ [96,381,495] 98,183,018
Affordable •
B. Rental Housing $ 1,055,528 $ 546,470 $ 1,601,998
C. Apartment $ [11,503,279] 41,323,612 $ [12,181,47-5-] 12,427,442 $ [53,981,751] 53,751,054
D. Hotel and Resort $ [9,083,118] 9,043,827 $ [5,909,661] 5,884,081 $ [14,992,812] 14,927,908
E. Commercial $ 8,555,622 $ 8,021,374 $ 16,576,996
F. Industrial $ 5,629,586 $ 5,892,168 $ 11,521,754
Agricultural or
G. Native Forests $ [28,318,233] 28,636,033 $ [26,560,535] 26,830,185 $ [54,908,768] 55,466,218
H. Conservation $ 621,475 $ 3,177,971 $ 3,799,446
I. Homeowner $ [24,279,650] 22,240,901 $ [19,519,969] 17,880,888 $ ['13,799,619] 40,121,789
TOTAL (ALL
CLASSES): $[166,890,556]165,814,339 $[130,677,086]130,135,842 $[297,567,642]295,950,181
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
Taxable Buildings Lands
A. Residential $ [ 0] 10.90 $ [10.70] 10.90
B. Affordable Rental Housing $ 6.15 $ 6.15
C. Apartment $ [11.55] 11.50 $ [11.55] 11.50
D. Hotel and Resort $ [11.55] 11.50 $ [11.55] 11.50
E. Commercial $ _ 10.70 $ 10.70
F. Industrial $ 10.70 $ 10.70
G. Agricultural or Native Forest s $ [9.85] 9.95 $ [9.85] 9.95
H. Conservation $ 11.55 $ 11.55
I. Homeowner $ [675-5] 6.00 $ [675-5] 6.00 "
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