HomeMy WebLinkAbout21. 12-266
MAY 22, 2012 12-266 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(CARRIED ___7-0____ LOST _______ LAID OVER _______ WITHDRAWN _______)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) (d), and rescission of the tax due is appropriate:
Arden’s Auto & Transmission Hospital
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510 W 8 Avenue
Oshkosh, WI 54902
(ID #138980000) $1,684.40
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 $1,684.40.
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
section 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...HKO H (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: May 22, 2012
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 (2011) and the
previous tax year (2010). Therefore, the amount of taxes that was overcharged needs to be rescinded.
The Assessor's staff verified that the business in question was not operating in Oshkosh during the
applicable time period.
ANALYSIS
Below are the details and reasons that these taxes are being presented for rescission. In addition, the
specific condition as outlined by State Statutes is included.
Personal Property 138980000 /Arden's Auto & Transmission Hospital/ 510 W. Stn Avenue-
$1,684.40— (State Statute 74.33 (1) (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 2010 or
2011; 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:
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Peggy Steeno Mark Rohloff
Finance Director City Manager