HomeMy WebLinkAbout11-49FEBRUARY 8, 2011 11 -49 RESOLUTION
(CARRIED 7 -0 LOST LAID OVER WITHDRAWN )
PURPOSE: RESCIND PROPERTY TAXES
INITIATED BY: DEPARTMENT OF FINANCE
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 Redevelopment Authority
107 W 6 Avenue
Oshkosh, WI 54902
(ID #0300190000) $3,345.60
City of Oshkosh
0 S. Westhaven Drive
Oshkosh, WI 54904
(ID #0615450000) $162.83
WHEREAS, the following property taxes were assessed improperly, per Wisconsin
State Statutes 74.33 (1) (d), and rescission of the tax due is appropriate:
Vector Electric LLC
729 Monroe Street
Oshkosh, WI 54901
(ID #143500000) $64.66
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 $3,573.09.
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:
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City of Oshkosh
Finance Department
215 Church Ave., PO Box 1130
Oshkosh, WI 54903 -1130
OlHKO -f (920) 236 -5006 (920) 236 -5039 FAX
ON THE WATER
MEMORANDUM
TO: Honorable Mayor and Members of the Common Council
FROM: Peggy Steeno, Finance Director
DATE: February 8, 2011
RE: Authorize Rescission of 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.
There are currently three properties that have been incorrectly charged for the current tax year (2010),
and, therefore, the amounts overcharged need to be rescinded and refunded. The Assessor's staff
verified that two of the properties in question were exempt by law from taxation due to both of them
being purchased by the City in 2009, and one property that was not doing business in Oshkosh during
this time period.
ANALYSIS
Below are the details and reasons that each of these is being presented for rescission. In addition, the
specific condition as outlined by State Statutes is included:
Parcel 0300190000 / City of Oshkosh Redevelopment Authority / 107 W 6th Avenue - $3,345.60 —
(State Statute 74.33 (c) — The property is exempt by law from taxation) — This property was purchased by
the City Redevelopment Authority in 2009, however, due to the title transfer getting mixed up, it took
almost one year to record the change of ownership and clear the title. Therefore, the updated
information did not get entered into the assessment system and our records were not correct. This has
been verified by the Assessor's office and the correction has been made.
Parcel 0615450000 / City of Oshkosh / 0 S. Westhaven Drive - $162.83 — (State Statute 74.33 (C) -
The property is exempt by law from taxation) — This property was purchased by the City in 2009;
however, the change of class was missed. Therefore, the updated information did not get entered into
the assessment system and our records were not correct. This has been verified by the Assessor's office
and the correction has been made.
Personal Property 143500000 / Vector Electric LLC / 729 Monroe Street - $64.66 — (State Statute
74.33 (d) — The property was not located in the taxation district for which the tax roll was prepared) —
This business was not operating in the City of Oshkosh during the year 2010; however, the City was not
notified. Therefore, our records were not correct. This has been verified by the Assessor's office and
the correction has been made.
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 and refund the above noted taxes as
outlined.
Respectfully Submitted,
Peggy Steeno
Finance Director
Approved:
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Mark Rohloff
City Manager