HomeMy WebLinkAbout09-27JANUARY 27, 2009 09 -27 RESOLUTION
(CARRIED 6 -0 LOST LAID OVER
PURPOSE: RESCIND PROPERTY TAXES
INITIATED BY: DEPARTMENT OF FINANCE
WITHDRAWN )
WHEREAS, the following property taxes were assessed improperly, per Wisconsin
State Statutes 74.33 (1) (d), and rescission of the tax due is appropriate:
Thedacare Physicians
2935 Universal Court
Oshkosh, WI 54901
(Personal Property ID #137631500) $1,588.83
WHEREAS, the following property taxes were assessed improperly, per Wisconsin
State Statutes 74.33 (1) (f), and rescission of the tax due is appropriate:
BREOF Bank2 Midwest LLC
300 N Main Street
Oshkosh, WI 54901
(ID #0200760000) $21,294.90
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 $22,883.73.
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.
Funds for this purpose are appropriated from:
Account No. 100- 0908 - 6469 -00000 — Tax Refund Account
City of Oshkosh
Finance Department
215 Church Ave., PO Box 1130
Oshkosh, WI 54903 -1130
OYHKC fH (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 22, 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 two 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rescinded.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:
Personal Property 137631500 / Thedacare Physicians / 2935 Universal Court - $1,588.83 — (State
Statute 74.33 (d) - The assessment included personal property for a business that no longer occupied
this location, or any location in Oshkosh, as of the assessment date) - The business moved out of the
building prior to January 1, 2008. This was verified by the Assessor's Office.
Parcel 0200760000 / BREOF Bank2 Midwest LLC / 300 N Main Street - $21,294.90 — (State Statute
74.33 (f) - An arithmetic, transposition, or similar error has occurred) — This parcel was reviewed
during the open book period. A new value was determined by the Assessor; however the new value 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,
A qv S v
Peggy Steeno
Finance Director
Approved:
,,, ex )?c i' (, �
Mark Rohloff
City Manager