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HomeMy WebLinkAbout09-09JANUARY 13, 2009 09 -09 RESOLUTION (CARRIED 7 -0 LOST LAID OVER PURPOSE: RESCIND PROPERTY TAXES INITIATED BY: ADMINISTRATION WITHDRAWN ) WHEREAS, the following property taxes were assessed improperly, per Wisconsin State Statutes 74.33 (1) (b), and rescission of the tax due is appropriate: KJ L 1438 W. South Park Avenue Oshkosh, WI 54901 (ID #1307320000) $1,638.34 WHEREAS, the following property taxes were assessed improperly, per Wisconsin State Statutes 74.33(1)(c), and rescission of the tax due is appropriate: City of Oshkosh 423 E. New York Avenue Oshkosh, WI 54901 (ID #1008530000) -- $223.78 City of Oshkosh 422 Baldwin Avenue Oshkosh, WI 54901 (I D# 1008630000) -- $360.29 City of Oshkosh E. New York Avenue Oshkosh, WI 54901 (ID #1008540000) -- $297.63 City of Oshkosh S. Oakwood Road Oshkosh, WI 54904 (I D# 1311970400) -- $831.32 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 sum of $3,351.36. 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 74.41. Money for this purpose is appropriated from: /_TCZ011Iiii►no E tell] i1 671 a= M TI-049•1lIiii City of Oshkosh Finance Department 215 Church Ave., PO Box 1130 Oshkosh, WI 54903 -1130 OfHKOfH (920) 236 -5080 (920) 236 -5039 FAX ON THE WATER MEMORANDUM TO: Honorable Mayor and Members of the Common Council FROM: Peggy Steeno, Finance Director DATE: January 8, 2009 RE: Authorize Rescission of Property Taxes BACKGROUND Per Wisconsin State Statutes, the removal of Property Taxes needs to be authorized by the Common Council. Statues enumerate six specific conditions under which a rescission is appropriate / necessary. There are five parcels that have been incorrectly charged 2008 property taxes, and, therefore, need to be rescinded. ANALYSIS Below is a list of each parcel and the reason each is being presented for rescission. In addition, the specific condition as outlined by State Statues is included: Parcel 1307320000 / KJL / 1438 W. South Park Avenue - $1,638.34 — (State Statute 74.33 (b) - The assessment included real property improvements that did not exist on the assessment date) - The building was razed in 2007. This was verified by the Assessor's Office; however the value was not removed from the system. Parcel 1008530000 / City of Oshkosh / 423 E New York Avenue - $223.78 — (State Statute 74.33 (c) - The property is exempt by law from taxation) — This parcel was purchased by the City in 2007, making it exempt in 2008; however the exemption was not entered into the system. Parcel 1008540000 / City of Oshkosh / E New York Avenue - $297.63 — (State Statute 74.33 (c) - The property is exempt by law from taxation) — This parcel was purchased by the City in 2007, making it exempt in 2008; however the exemption was not entered into the system. Parcel 1008630000 / City of Oshkosh / 422 Baldwin Avenue - $360.29 — (State Statute 74.33 (c) - The property is exempt by law from taxation) — This parcel was purchased by the City in 2007, making it exempt in 2008; however the exemption was not entered into the system. Parcel 1311970400 / City of Oshkosh / S Oakwood Road - $831.32 — (State Statute 74.33 (c) - The property is exempt by law front taxation) — This parcel was purchased by the City in 2007, making it exempt in 2008; however the exemption was not entered into the system. FISCAL IMPACT The impact of the above rescissions is short term only, since, in the year 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, Peggy Steeno Finance Director Approved: Mark Rohloff City Manager