HomeMy WebLinkAbout11-60FEBRUARY 22, 2011 11 -60 RESOLUTION
(CARRIED 6 -0 LOST LAID OVER WITHDRAWN )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) (d), and rescission of the tax due is appropriate:
American Homemade Creations LLC
319 N Sawyer Street
Oshkosh, WI 54902
(ID #112805000) $500.47
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 $500.47.
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
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 22, 2011
RE: Authorize Rescission of 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 is currently one property that has been incorrectly charged for the current tax year (2010), and,
therefore, the amount overcharged needs to be rescinded and refunded. The Assessor's staff verified that
the property in question was exempt by law from taxation due to it not doing business in Oshkosh during
this time period.
ANALYSIS
Below are the details and reason that this item is being presented for rescission. In addition, the specific
condition as outlined by State Statutes is included:
Personal Property 1112805000 / American Homemade Creations LLC / 319 N Sawyer Street -
S500.47 — (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The impact of the above rescission is short term only, since, in the year that the taxes are rescinded, the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, Approved:
Peggy Steeno MarL Rohloff
Finance Director City Manager