HomeMy WebLinkAbout12. 17-55
FEBRUARY 14, 2017 17-55 RESOLUTION
(CARRIED ____5-0___ LOST _______ LAID OVER _______ WITHDRAWN _______)
PURPOSE: RESCIND PERSONAL PROPERTY TAXES – PLUSWOOD GROUP
CREDIT UNION, LOCATED AT 302 STATE STREET ($7.68)
INITIATED BY: DEPARTMENT OF FINANCE
WHEREAS, the following property taxes were assessed improperly, per
Wisconsin State Statutes 74.33 (1) (b) and rescission of the tax due is appropriate:
PLUSWOOD GROUP CREDIT UNION
PO BOX 2346
Oshkosh, WI 54903
(PP #104550000) 2016 $7.68
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 $7.68.
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
74.42.
Funds for this purpose are appropriated from:
Account No. 100-0908-6469-00000 Tax Refund Account
TO: Honorable Mayor and Members of the Common Council
FROM: Trena Larson, Director of Finance
DATE: February 13, 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charged need to be rescinded.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 (b) — The assessment included in real property improvements which did not exist on
the date under s. 70.10 for making the assessment
Personal Property —104550000 / Pluswood Group Credit Union / 302 State Street - $7.68
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The impact of the above rescission is short term only, since, in the years that the taxes are rescinded, the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,
J wnac .Laces an
Trena Larson
Finance Director
Approved:
Mark Rohloff
City Manager
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1 130 920.236.5005 http://www.ci.oshkosh.wi.us