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4' C_ •\�t,Jiy� <br /> COUNTY OF HAWAII STATE OF HAWAII <br /> RESOLUTION NO. 213 1 <br /> (DRAFT 2) <br /> A RESOLUTION DETERMINING THE-REAL PROPERTY TAX RATES FOR THE <br /> COUNTY OF HAWAII FOR THE FISCAL YEAR JULY 1,2017, TO JUNE 30,2018. <br /> WHEREAS, Chapter 19, Article 7, Section 19-53(e), of the Hawai`i County Code 1983 <br /> (2016 Edition, as amended),provides for the classification of property in the Countyof Hawai`i; <br /> p p Y <br /> and <br /> WHEREAS, Chapter 19, Article 11, Section19-90(b), ` <br /> of the Hawaii CountyCode 1983 <br /> p <br /> (2016 Edition, as amended), provides for the establishment of tax rates via resolution by the <br /> Council of the County of Hawai`i for net taxable lands and net taxable buildings for each class of <br /> property; and <br /> WHEREAS,the Council of the County of Hawai`i has taken as a basis for calculating <br /> the real property tax rate for the County of Hawai`i the following schedule of aggregate values of <br /> real property for the various classes in the County of Hawai`i assessable for tax purposes as of <br /> April 19, 2017, certified and furnished by the Director of Finance of the County of Hawai`i: <br /> Value of Net Value of Net Value of Net <br /> Classes of Property Taxable Real <br /> Taxable Buildings Taxable Lands <br /> Property <br /> A. Residential $ 4,468,601,422 $ 4,539,014,943 $ 9,007,616,365 <br /> B. Affordable Rental Housing $ 171,630,500 $ 88,856,900 $ 260,487,400 <br /> C. Apartment $ 3,593,357,525 $ 1,080,647,150 $ 4,674,004,675 <br /> D. Hotel and Resort 786,419,750 511,659,257 1,298,079,007 <br /> E. Commercial $ 799,590,873 $ 749,661,162 $ 1,549,252,035 <br /> F. Industrial $ 526,129,555 $ 550,669,950 $ 1,076,799,505_ <br /> G. Agricultural or Native Forests $ 2,877,993,217 $ 2,696,501,036 $ 5,574,494,253 <br /> H. Conservation $ 53,807,400 $ 275,149,000 $ 328,956,400 <br /> I. Homeowner $ 3,706,816,858 $ 2,980,147,950 $ 6,686,964,808 <br /> TOTAL(ALL CLASSES): $ 16,984,347,100 $ 13,472,307,348 $ 30,456,654,448 <br /> ; and <br /> WHEREAS, the Council of the County of Hawai`i completed its public hearing on May 16, <br /> 2017, and shall adopt the tax rates on or before June 20, 2017; now, therefore, <br />