HomeMy WebLinkAbout09-47FEBRUARY 10, 2009 09 -47 RESOLUTION
(CARRIED 7 -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WITHDRAWN )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) (c), and rescission of the tax due is appropriate:
Wisconsin Department of Transportation
Fountain Avenue
Oshkosh, WI 54904
(ID #1278250000) $1,436.67
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 $1,436.67.
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
O.fHKOfH (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: February 5, 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 is currently one parcel that has been incorrectly charged 2008 property taxes, and, therefore, needs
to be rescinded.
ANALYSIS
Below are the details and reason that this is being presented for rescission. In addition, the specific
condition as outlined by State Statues is included:
Parcel 1278250000 / Wisconsin Department of Transportation / Fountain Avenue - $1,436.67 —
(State Statute 74.33 (c) — The property is exempt by law from taxation) — This parcel was purchased by
the Wisconsin Department of Transportation 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The impact of the above rescissions is short term only, since, in the year that the taxes are rescinded, the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,
P ,421Mw
Peggy Steeno
Finance Director
Approved:
Mark Rohloff
City Manager