HomeMy WebLinkAbout16. 14-157
APRIL 8, 2014 14-157 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(CARRIED __7-0_____ LOST _______ LAID OVER _______ WITHDRAWN _______)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) (f), and rescission of the tax due is appropriate:
Benjamin Moore Paint & Tool Center
922 Oregon Street
Oshkosh, WI 54902
(ID #200713000) 2013 $584.40
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 $584.40.
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
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
OlHKOIH (920) 236 -5005 (920) 236 -5039 FAX
ON THE WATER
MEMORANDUM
TO: Honorable Mayor and Members of the Common Council
FROM: Tara J. Wendt, Assistant Director of Finance
DATE: April 8, 2014
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.
This property was incorrectly charged for the current tax year (2013). Therefore, the taxes that were
incorrectly charged need to be rescinded. The Assessor's staff verified that this rescission is accurate
and necessary.
ANALYSIS
Below are the details and reason that this is being presented for rescission. In addition, the specific
condition as outlined by State Statutes is included:
An arithmetic, transposition, or similar error has occurred. State Statute 74.33 (f). — The business was
operating in the City of Oshkosh during 2013; however, an error occurred in completion of the
Statement of Personal Property. Therefore, our records were not correct. This has been verified by the
Assessor's office and the correction has been made.
Personal Property — .2007130001 Benjamin Moore Part & Tool Center / 922 Oregon Street -
$584.40
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The impact of the above rescission is short term only, since, in the year that the taxes are rescinded, the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,
&Vk UvId'I
Tara J. Wendt
Assistant Finance Director
Approved:
Mark Rohloff
City Manager