HomeMy WebLinkAbout12. 18-154 MARCH 27, 2018 18-154 RESOLUTION
(CARRIED 6-0 LOST LAID OVER WITHDRAWN )
PURPOSE: REFUND PERSONAL PROPERTY TAXES — BANC OF AMERICA
LEASING& CAPITAL LLC,LOCATED AT VARIOUS ADDRESSES
($1,975.83)
INITIATED BY: DEPARTMENT OF FINANCE
WHEREAS, the following property taxes were assessed improperly, per
Wisconsin State Statutes 74.33 (1) (a) and rescission of the tax due is appropriate:
BANC OF AMERICA LEASING & CAPITAL LLC
PO SOX 105578
ATLANTA, GA 30348-5578
(PP #200150000) 2017 $1975.83
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 refund the
sum of$1975.83.
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
A
Oshkosh
TO:
Honorable Mayor and Members of the Common Council
FROM:
Trena Larson, Director of Finance
DATE:
March 20, 2018
RE:
Authorize Refund of Property Taxes
BACKGROUND
Per Wisconsin State Statutes, the removal of Personal Property Taxes needs to be authorized by the
Common Council. Statutes enumerate six specific conditions under which a refund is appropriate /
necessary. This property was incorrectly charged for the tax year 2017. Therefore, the taxes that were
incorrectly charged need to be refunded. The Assessor's staff verified that this refund is accurate and
necessary.
ANALYSIS
Below are the details and reason that this is being presented for refunding. In addition, the specific
condition as outlined by State Statutes is included:
State Statute 74.33 (a) — A clerical error has been made in the description of the property or in the
computation of the tax.
Personal Property — 200150000 / Banc of America Leasing & Capital LLC / Various Addresses -
$1,975.83.
FISCAL IMPACT
The impact of the above refund is short term only, since, in the years that the taxes are refunded, the
City notifies the Department of Revenue (DOR) of the refund, 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,
17rena larvon
Trena Larson
Finance Director
Approved:
Mark Rohloff
City Manager
Finance Director, Trena Larson
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130
http://www,ci.oshkosh.wi.us