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HomeMy WebLinkAbout17. 22-105MARCH 8, 2022 22-105 RESOLUTION (CARRIED____7-0____LOST________LAID OVER________WITHDRAWN________) PURPOSE: RESCIND OR REFUND REAL ESTATE AND PERSONAL PROPERTY TAXES a) Hmong Service Center – 726 N. Main Street b) Run Away Impressions – 1437 S. Washburn Street INITIATED BY: FINANCE DEPARTMENT WHEREAS, the following property taxes were assessed improperly, per Wisconsin State Statutes 74.33 (c) and rescission of the Real Estate Tax or Personal Property due is appropriate: HMONG SERVICE CENTER 726 N MAIN ST OSHKOSH WI 54903 (PP #201924000) 2021 $88.95 WHEREAS, the following property taxes were assessed improperly, per Wisconsin State Statutes 74.33 (d) and rescission of the Personal Property Tax due is appropriate: RUN AWAY IMPRESSIONS 1437 S WASHBURN ST OSHKOSH WI 54901 (PP #201477000) 2021 $539.22 NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh that the proper City Officials are hereby authorized and directed to rescind the above sums. BE IT FURTHER RESOLVED that the proper City Officials are authorized and directed to seek compensation from the other taxing entities per Wisconsin State Statutes 74.42. MARCH 8, 2022 22-105 RESOLUTION CONT’D Funds for this purpose are appropriated from: Account No. 0701-0072-6469-00000 Property Taxes – Uncollectible Accounts Finance Department City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us TO: Honorable Mayor and Members of the Common Council FROM: Russ Van Gompel, Director of Finance DATE: March 1, 2022 RE: Rescind or Refund Real Estate and Personal Property Taxes BACKGROUND Per Wisconsin State Statutes, the removal of Property Taxes needs to be authorized by the Common Council. Statutes enumerate six specific conditions under which a rescission is appropriate / necessary. These properties were incorrectly assessed for the tax year 2021. Therefore, the taxes that were incorrectly charged need to be rescinded. The Assessor’s staff verified this rescission is accurate and necessary. ANALYSIS Below are the details and reason this is being presented for rescission. In addition, the specific condition as outlined by State Statutes is included: State Statute 74.33 (c) – The property is exempt by law from taxation.  Personal Property – 201924000 / Hmong Service Center / 726 N Main St / - $88.95 State Statute 74.33 (d) – The property is not located in the taxation district for which the tax roll was prepared.  Personal Property – 201477000 / Run Away Impressions/ 1437 S Washburn St / - $539.22 FISCAL IMPACT The impact of the above rescission is short term only, since in the years that the taxes are rescinded, the City notifies the Department of Revenue (DOR) of the rescissions and the DOR adjusts the equalized value for the following year to account for the difference. These adjustments are built into the tax rate for all taxing authorities for the following year. RECOMMENDATION Staff recommends that Council authorize this resolution to rescind the above noted taxes as outlined. Respectfully Submitted, Approved: Russ Van Gompel John Fitzpatrick Director of Finance Assistant City Manager