HomeMy WebLinkAbout10. 17-06
JANUARY 10, 2017 17-06 RESOLUTION
(CARRIED___7-0____LOST _______ LAID OVER _______ WITHDRAWN _______)
PURPOSE: RESCIND PERSONAL PROPERTY TAXES – LANG & ASSOCIATES
LOCATED AT 302 STATE STREET SUITE C
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:
Lang & Associates
302 State Street Suite C
PO Box 1115
Oshkosh, WI 54903-1115
(ID #071850000) 2016 $28.17
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 $28.17.
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
WvOs'hkosh
City of Oshkosh
Finance Department
215 Church Ave., PO Box 1130
Oshkosh, WI 54903-1130
(920) 236-5005 (920) 236-5039 FAX
MEMORANDUM
TO: Honorable Mayor and Members of the Common Council
FROM: Tara J. Wendt, Assistant Director of Finance
DATE: January 4, 2017
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 tax year 2016.
Therefore, the taxes that were incorrectly charged need to be rescinded.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:
State Statute 74.33 (d). — The property is not located in the taxation district for which the tax
roll was prepared.
Personal Property — 071850000 / Lang & Associates / 302 State Street Suite C - $28.17
FISCAL IMPACT
The impact of the above rescission is short term only, since, in the years 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rescinded, the City notifies the Department of Revenue (DOR) of the rescissions, and the DOR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,
Tara J. Wendt
Assistant Finance Director
Approved:
Mark Rohloff
City Manager