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Home My WebLink AboutRES 615 Draft 01 2016-2018FC -35 Comm. 922.2: May 21, 2018 From Legislative Auditor Bonnie S. Nims, dated May 1, 2018, transmitting PowerPoint presentation materials to be displayed by N&K CPAs, Inc. FILED: Ayes: Committee Members Chung, Eoff, Kanuha, Lee Loy, O'Hara, Poindexter, Richards, Ruggles, and Chair David — 9. Noes: None. Absent: None. Excused: None. ORDER OF RESOLUTIONS Res. 611-18: AUTHORIZES THE PAYMENT OF FUNDS OF A LATER FISCAL YEAR AND OF MORE THAN ONE FISCAL YEAR FOR A MULTI-YEAR LEASE OF REAL PROPERTY FOR THE COUNTY OF HAWAII POLICE DEPARTMENT Authorizes the Mayor to enter into a new five-year agreement with an option for an additional five years with Ocean View Partners LLC, to allow for the continued occupancy of office space located at 92-1329 Prince Kuhio Boulevard, Ocean View. Reference: Comm. 931 Intr. by: Ms. David (B/R) RECOMMENDED ADOPTION: Ayes: Committee Members Chung, Eoff, Kanuha, Lee Loy, O'Hara, Poindexter, Richards, and Chair David — 8. Noes: None. Absent: Committee Member Ruggles — 1. Excused: None. Res. 615-18: DETERMINES THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1, 2018, TO JUNE 30, 2019 Proposes rate changes that would decrease estimated real property revenues by approximately $10,262,796. The Residential, Apartment, Hotel and Resort, Commercial, Industrial, Agricultural or Native Forests, and Conservation classes of property tax rates would be decreased; the Affordable Rental Housing and Homeowners classes of property to remain at their current tax rates. Reference: Comm. 939 Intr. by: Mr. Richards WITHDRAWN BY INTRODUCER Page 3 COUNTY OF HAWAII STATE OF HAWAII RESOLUTION NO. A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 19 20189 TO .TUNE 309 2019. WHEREAS, Chapter 19, Article 7, Section 19-53(e), of the Hawaii County Code 1983 (2016 Edition, as amended), provides for the classification of property in the County of Hawaii; and WHEREAS, Chapter 19, Article 11, Section 19-90(b), of the Hawaii County Code 1983 (2016 Edition, as amended), provides for the establishment of tax rates via resolution by the Council of the County of Hawaii 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 Hawaii the following schedule of aggregate values of real property for the various classes in the County of Hawaii assessable for tax purposes as of April 19, 2018, certified and furnished by the Director of Finance of the County of Hawaii: WHEREAS, pursuant to Article 11, Section 19-90(b), of the Hawaii County Code 1983 (2016 Edition, as amended), the Council of the County of Hawaii shall conduct a public hearing on proposed increases or decreases to tax rates and adopt the tax rates on or before June 20, 2018; now, therefore, Classes of Property Value of Net Taxable Buildings Value of Net Taxable Lands Value of Net Taxable Real Property A. Residential $ 4,787,667,980 $ 4,686,015,945 $ 9,473,683,925 B. Affordable Rental Housing $ 168,101,500 $ 86,807,400 $ 254,908,900 C. Apartment $ 3,659,492,066 $ 1,059,752,357 $ 4,719,244,423 D. Hotel and Resort $ 825,365,675 $ 539,060,218 $ 1,364,425,893 E. Commercial $ 816,695,651 $ 756,975,684 $ 1,573,671,335 F. Industrial $ 551,480,000 $ 558,490,300 $ 1,109,970,300 G. Agricultural or Native Forests $ 2,980,022,212 $ 2,888,343,939 $ 5,868,366,151 H. Conservation $ 56,721,878 $ 283,117,979 $ 339,839,857 I. Homeowner $ 4,142,155,850 $ 3,179,724,785 $ 7,321,880,635 TOTAL (ALL CLASSES): $ 17,987,702,812 $ 14,038,288,607 1 $ 32,025,991,419 WHEREAS, pursuant to Article 11, Section 19-90(b), of the Hawaii County Code 1983 (2016 Edition, as amended), the Council of the County of Hawaii shall conduct a public hearing on proposed increases or decreases to tax rates and adopt the tax rates on or before June 20, 2018; 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: 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: Classes of Property Net Taxable Buildings (Revenue %) Net Taxable Lands (Revenue %) A. Residential 17.08% 16.71% B. Affordable Rental Housing 0.34% 0.18% C. Apartment 13.66% 3.96% D. Hotel and Resort 3.04% 1.99% E. Commercial 2,79% 2.59% F. Industrial 1.88% 1.91% G. Agricultural or Native Forests- 8.94% 8.67% H. Conservation 0.21% 1.04% I. Homeowner 8.49% 6.52% 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: 2 Classes of Property Net Taxable Buildings (Revenue) Net Taxable Lands (Revenue) Net Taxable Real Property (Revenue) A. Residential $ 51,228,047 $ 50,140,371 $ 101,368,418 B. Affordable Rental Housing $ 150335824 $ 53306 $ 1,567,690 C. Apartment $ 40,986,311 $ 11,8691226 $ 52,855,538 D. Hotel and Resort $ 9,120,291 $ 5,9561615 $ 1550765906 E. Commercial $ 853715130 $ 7,759,001 $ 16,130,131 F. Industrial $ 5,652,670 $ 5,724,526 $ 11,377,196 G. Agricultural or Native Forests $ 26,8205200 $ 25,995,095 $ 525815,295 H. Conservation $ 626-5777 '$ 351285454 $ 3,7555230 I. Homeowner $ 25,474,258 $ 19,555,307 $ 45,0295566 TOTAL (ALL CLASSES): $ 169,313,509 $ 13056625461 $ 299,975,970 2 BE IT FURTHER RESOLVED that based upon the aforementioned resolves, the Council of the County of Hawaii hereby determines the following schedule of rates to which the various classes of real property in the County of Hawaii shall be taxed per $1,000 of assessed valuation for the fiscal year July 1, 2018, to June S0, 201 Via: 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 COUNTY COUNCIL County of Hawaii Hilo, Hawaii Hawaii, this ____day of 920 INTRODUCED s► BY: COUNCIL M ..MBER, COUNTY OF HAWAII I hereby certify that the foregoing RESOLUTION was by_ the vote indicated to the right hereof adopted by the COUNCIL of the County of Hawaii on ATTEST: ROLL CALL VOTE AYES NOES ABS Classes of Property Tax Rate Per Thousand Net Taxable Buildings Tax Rate Per Thousand Net Taxable Lands A. Residential $10.70 $ 10.70 B. Affordable Rental Housing $ _ 6.15 $ 6.15 C. Apartment $ 11.20 $ 11.20 D. Hotel and Resort $ 11.05 $ 11.05 E. Commercial $ 10.25 $ 10.25 F. Industrial $ 10.25 $ 10.25 G. Agricultural or Native Forests $ 9.00 $ 9.00 H. Conservation $ 11.05 $ 11.05 F-1-THomeowner $ 6.15 $ 6.15 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 COUNTY COUNCIL County of Hawaii Hilo, Hawaii Hawaii, this ____day of 920 INTRODUCED s► BY: COUNCIL M ..MBER, COUNTY OF HAWAII I hereby certify that the foregoing RESOLUTION was by_ the vote indicated to the right hereof adopted by the COUNCIL of the County of Hawaii on ATTEST: ROLL CALL VOTE AYES NOES ABS EX CHI -11NI a DAVID EOFF KAN1 JHA. LEE LO -Y 011U 'k POPNI)EXTER RICi- kRDS RUGGLES C-939/FC COUNTY CLERK CHAIRPERSON & PRESIDING OFFICER RESOLUTION NO.6:4 3