HomeMy WebLinkAboutCOM 0962.002 2018-2020 •J#SYOFht '.
Susan L.K. Lee Loy ;moo•'�; •'`��.,'•. Office: (808)961-8396
" ��'�'''%• Fax: (808)961-8912
Council Member *;' ,j,�y'�
District 3 , r•* : Email: sue.leeloy@hawaiicounty.gov
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HAWAII COUNTY.COUNCIL
25 Aupuni Street,Hilo,Hawai`i 96720 xr;
DATE: June 4, 2020
TO: Aaron S. Y. Chung, Council Cha'
and Members of the Hawai` ount C•u-Adikk
Fr.
�
FROM: Susan L.K. Lee Loy, Council ►
SUBJECT: A Proposed Amendment to Re . I i.• No. 65 20; A Resolution Determining the
Real Property Tax Rates for the County o awai`i for the Fiscal Year July 1, 2020,
to June 30, 2021.
Below is a proposed amendment to Resolution No. 658-20 to amend the real property tax rates as
proposed in the Operating Budget(Bill No. 144, Draft 3) for fiscal year 2020-2021. The
amendment also changes revenues and revenue percentages based on the amended rates.
A
corresponding budget amendment to Bill No. 144, Draft 3, has also been submitted for
processing.
The proposed amendment is illustrated below in Ramseyer format with respect to Resolution
No. 658-20 (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.658-20,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 [21.78%] 21.23% [18.39%] 18.26%
B. Affordable Rental Housing 0.37% 0.18%
C. Apartment [12.88%] 13.03% [3.16%] 3.20%
D. Hotel and Resort [2.69%] 2.72% [1.71%] 1.73%
E. Commercial [2.53%] 2.55% [2.45%] 2.48%
F. Industrial [1.71%] 1.73% [1.85%] 1.87%
G. Agricultural or Native Forests [7.28%] 7.37% [6.82%] 6.90%
H. Conservation [0.19%] 0.20% [0.96%] 0.97%
I. Homeowner [8.90%] 9.01% [6.13%] 6.20% �,��•2.
`Comm,No.
Rot-Tv ?i sp.coi,Unci,
Hawai`i County Is an Equal Opportunity Provider And Employer
14,-Date JUN -4,2020
Susan L.K.Lee Loy, Council Member
June 4,2020
Page 2 of 2
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 Net Taxable Real Property
(Revenue) (Revenue)
Residential $ [77,041,321]; $ 74,231,167 $ [65,034,212]; $ 63,835,640 $ [142,075,533]; $ 138,066,807
Affordable Rental
Housing I $ 1,307,419 = $ 626,492 1 $ 1,933,911
Apartment 1 $' 45,554,861 - 1 $ 11,192,670 1 $ 56,747,531 ..
Hotel and Resort $ 9,526,264 f $ 6,064,019 $ 15,590,283
Commercial $ 8,932,404 $ 8,664,201 $ 17,596,605
Industrial ? $ 6,058,118 1 $ 6,541,090 $ 12,599,208
Agricultural or f I
Native Forests = $ 25,758,736 I $ 24,116,071 1 $ 49,874,807
Conservation $ 685,856 1 $ 3,377,424 1 $ 4,063,280
Homeowner ' $ 31,489,700 1 $ 21,673,460 1 $ 53,163,160 f
TOTAL(ALL i 1
CLASSES):
LASES : $ [206,354,679]1 $ 203,544,525 $ [147,289,6391 $ 146,091,067 $ [353,644,318]1 $ 349,635,592
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] $13.60 [$14.60] $13.60
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 ,,
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