HomeMy WebLinkAbout05. 18-64 FEBRUARY 13, 2018 18-64 RESOLUTION
(CARRIED 6-0 LOST LAID OVER WITHDRAWN )
PURPOSE: RESCIND PERSONAL PROPERTY TAXES—LOTNIX, LLC
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:
LOTNIX, LLC
404 North Main Street STE 606
Oshkosh, WI 54901
(PP #201055000) 2017 $152.95
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$152.95.
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. 0100-0908-6469-00000 General Fund —Uncollectible Account
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Oshkosh
TO: Honorable Mayor and Members of the Common Council
FROM: Trena Larson, Director of Finance
DATE: February 7, 2018
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 2017. 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rescinded.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 — 200890000 / Elizabeth's Garden Supply LLC / 805 Ohio Street - $40.12
Personal Property — 201055000 / Lotnix LLC / 404 North Main Street, STE 606 - $152.95
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The impact of the above rescission is short term only, since, in the years that the taxes are rescinded, the City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,
Tena arson
Trena Larson
Finance Director
Approved:
Mark Rohloff
City Manager