HomeMy WebLinkAbout08. 13-187
APRIL 23, 2013 13-187 RESOLUTION
(CARRIED ___7-0__ LOST _______ LAID OVER _______ WITHDRAWN _______)
PURPOSE: APPROVE PARTIAL RESCISSION OF PROPERTY TAXES FOR 538
CENTRAL STREET
INITIATED BY: DEPARTMENT OF FINANCE
WHEREAS, the following property taxes were assessed improperly, per Wisconsin
State Statutes 74.33 (1) (b), and rescission of a portion of the tax due is appropriate:
Linda Sanchez-Reid
538 Central Street
Oshkosh, WI 54902
(ID #0704070000) $78.77
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 $78.77.
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 Deparlment
215 Church Ave., PO Box 1130
Oshkosh WI 54903 -1130
OfHKQIH (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: April 23, 2013
RE: Approve Partial 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 1 necessary. There is currently one property that has been incorrectly charged for the
current tax year (2012). Therefore, the taxes that were overcharged need to be rescinded. The
Assessor's staff verified that the partial rescission is accurate and necessary.
ANALYSIS
Below are the details and reasons that this account is being presented for partial rescission. In
addition, the specific condition as outlined by State Statutes is included:
Parcel 07040700001 Linda Sanchez -Reid 1538 Central Street - $78.77 — (State Statute 74.33
(b) The assessment included real property improvements that did not exist on the assessment
date.) — A garage on this parcel was razed in July of 2011; however, the City was not notified in
a timely manner. 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rescinded, the City notifies the Department of Revenue (DOR) of the rescissions, and the DOR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 partially rescind the above noted taxes
as outlined.
Reeegg pectfully Submitted,
no
gY
Finance Director
Approved:
Mark Rohloff
City Manager