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County of Hawai`i .`o• � ' .�, , Phone: (808)961-8564 <br /> Council District 9- ��'�''l.- (808) 887-2069 <br /> North and South Kohala I*; r -�� ��{ Email.' tim.richards(aihawaiicounty.gov <br /> 4 •OF•NF'. <br /> HERBERT M. "TIM" RICHARDS, III <br /> HAWAII COUNTY COUNCIL <br /> District 9 <br /> . <br /> 25 Aupuni Street, Ste. 1402,Hilo, Hawai`i a 96720 <br /> • "t7 C) <br /> rte. <br /> DATE: May 3, 2018 - ;- : <br /> TO: Valerie Poindexter, Council Chair N <br /> and Members of the Hawai`i County Council <br /> FROM: Herbert M. "Tim" Richards III, Council Member <br /> ,c°Council District 9 North and South Kohala <br /> SUBJECT: A Resolution Determining the Real Property Tax Rates for the County of Hawai`i <br /> for Fiscal Year 2018-2019 <br /> Attached is a resolution to establish the real property tax rates for net taxable buildings and net <br /> taxable lands for each class of property in the County of Hawai`i for fiscal year 2018-2019. The <br /> proposed rate changes would decrease the estimated real property tax revenues for fiscal year <br /> 2018-2019 by approximately$10,262,796. Below is a table showing the current real property <br /> tax rates and the proposed real property tax rates: <br /> Classes of Property Current Proposed <br /> Tax Rates Tax Rates <br /> A. Residential 11.10 $ 10.70 <br /> B. Affordable Rental Housing $ 6.15 $ 6.15 _ <br /> C. Apartment $ _ 11.70 _ $ 11.20 <br /> D. Hotel and Resort $ 11.55 $ 11.05 <br /> E. Commercial $ 10.70 $ 10.25 <br /> F. Industrial _$ _ 10.70 $ 10.25 <br /> G. Agricultural or Native Forests $ 9.35 $ 9.00 <br /> H. Conservation �$ 11.55 _ $ 11.05 <br /> I. Homeowner $ 6.15 $ 6.15 <br /> Please place this item on the appropriate agenda at your earliest convenience. Thank you for <br /> your attention to this matter. <br /> Mahalo. <br /> Comm. No. <br /> HTR/dbk Ref. To: FC.. <br /> Att. Ref. Dote MAY 0 8 2018 <br /> <Rt5. '"15- Hawai'i County is an Equal Opportunity Provider and Employer <br />