HomeMy WebLinkAboutRES 658 Draft 01 2018-2020 •'SSV OF............
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COUNTY OF HAWAII •� `�'=��'�/_#- STATE OF HAWAII
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RESOLUTION NO. 658 20
A RESOLUTION DETERMINING THE REAL PROPERTY TAX RATES FOR THE
COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1, 2020, TO JUNE 30,2021.
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, Chapter 19, Article 6, Section 19-46.1, of the Hawai`i County Code 1983
(2016 Edition, as amended),provides for the establishment of two tiers of tax rates for properties
classified as residential; 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 Hawai`i assessable for tax purposes as of
April 16, 2020, certified and furnished by the Director of Finance of the County of Hawaii:
Value of Net
Classes of Property Value of Net Value of Net Taxable Real
Taxable Buildings Taxable Lands
Property
A. Residential $ 6,079,403,688 $ 5,496,204,650 $ 11,575,608,338
B. Affordable Rental Housing $ 212,588,400 $ 101,868,550 $ 314,456,950
C. Apartment $ 3,893,577,875 $ 956,638,450 $ 4,850,216,325
D. Hotel and Resort $ 824,784,800 $ 525,023,300 $ 1,349,808,100
E. Commercial $ 834,804,150 $ 809,738,450 $ 1,644,542,600
F. Industrial $ 566,179,250 $ 611,316,800 $ 1,177,496,050
G. Agricultural or Native Forests $ 2,754,945,050 $ 2,579,258,950 $ 5,334,204,000
H. Conservation $ 59,381,500 $ 292,417,700 $ 351,799,200
I. Homeowner $ 5,120,276,378 $ 3,524,139,900 $ 8,644,416,278
TOTAL(ALL CLASSES): $ 20,345,941,091 $ 14,896,606,750 $ 35,242,547,841
; and
WHEREAS,the Council of the County of Hawai`i completed its public hearing on June 3,
2020, and shall adopt the tax rates on or before June 20, 2020; 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 21.78% 18.39%
B. Affordable Rental Housing 0.37% 0.18%
C. Apartment 12.88% 3.16%
D. Hotel and Resort 2.69% 1.71%
E. Commercial 2.53% 2.45%
F. Industrial 1.71% 1.85%
G. Agricultural or Native Forests 7.28% 6.82%
H. Conservation 0.19% 0.96%
I. Homeowner 8.90% 6.13%
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 $ 77,041,321 $ 65,034,212 $ 142,075,533
B. Affordable Rental Housing $ 1,307,419 $ 626,492 $ 1,933,911
C. Apartment $ 45,554,861 $ 11,192,670 $ 56,747,531
D. Hotel and Resort $ 9,526,264 $ 6,064,019 $ 15,590,283
4 4 8 64 201 17 596 605
E. Commercial $ 8,932, 0 $ ,6 $ ,
F. Industrial $ 6,058,118 $ 6,541,090 $ 12,599,208
G. Agricultural or Native Forests $ 25,758,736 $ 24,116,071 $ 49,874,807
H. Conservation $ 685,856 $ 3,377,424 $ 4,063,280
I. Homeowner $ 31,489,700 $ 21,673,460 $ 53,163,160
TOTAL(ALL CLASSES): $ 206,354,679 $ 147,289,639 $ 353,644,318
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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, 2020, to June 30, 2021:
Tax Rate Per Tax Rate Per
Classes of Property Thousand Net Thousand Net
Taxable Buildings Taxable Lands
A. Residential Tier One $ 11.10 $ 11.10
Residential Tier Two $ 14.60 $ 14.60
B. Affordable Rental Housing $ 6.15 $ 6.15
C. Apartment $ 11.70 $ 11.70
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 $ 9.35 $ 9.35
H. Conservation $ 11.55 $ 11.55
I. Homeowner $ 6.15 $ 6.15
copy IT FINALLY RESOLVED that the County Clerk shall transmit a of this
resolution to the Honorable Mayor Harry Kim and the Director of Finance.
Dated at , Hawai`i, this day of , 20 .
INTRODUCED BY:
COUNCIL MEMBER, COUNTY OF HAWAI`I
COUNTY COUNCIL ROLL CALL VOTE
County of Hawai`i AYES NOES ABS EX
Hilo, Hawaii 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 KANEALI`I-KLEINFELDER
County of Hawai`i on
KIERKIEWICZ
LEE LOY
ATTEST: POINDEXTER
RICHARDS
VILLEGAS
Reference: C-962/Waived ,FC
COUNTY CLERK CHAIRPERSON&PRESIDING OFFICER RESOLUTION NO. 658 20
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