Loading...
HomeMy WebLinkAbout29. 18-374 JULY 10, 2018 18-374 RESOLUTION (CARRIED 5-1 LOST LAID OVER WITHDRAWN ) AS AMENDED PURPOSE: SUPPORT LEAGUE OF WISCONSIN MUNICIPALITIES EFFORTS TO REFORM COMMERCIAL PROPERTY TAX ASSESSMENT IN THE AMOUNT OF $10,000 INITIATED BY: CITY ADMINISTRATION WHEREAS,the City of Oshkosh adopted a resolution in 2016 to support legislative efforts to reform commercial property tax assessment; and WHEREAS, litigation by national retail chains and other commercial property owners relying upon what is known as the "Dark Store Theory' has resulted in the valuation of those properties being significantly reduced; and WHEREAS, this theory ignores long established principles of tax valuation and results in an unfair shifting of the property tax burden to home owners who already pay 70% of the total statewide property tax levy in Wisconsin; and WHEREAS, the League of Wisconsin Municipalities ("the League") has made it a legislative priority to reform laws as they relate to commercial property tax assessment to address the "Dark Store Theory" and the negative impacts of the Walgreens vs. City of Madison case that has caused a shift in property tax values from large commercial properties to residential and small business properties; and WHEREAS, the city of Oshkosh has been a leader among cities in the state of Wisconsin to reform commercial property tax assessment laws due to the city's direct impact from the Walgreens case; and WHEREAS, the League has asked that the city of Oshkosh be a leader in the League's fund raising efforts to conduct a public information campaign to reform commercial property tax assessment laws by making a pledge up to $10,000 to the League's campaign. JULY 10, 2018 18-374 RESOLUTION CONT'D NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh, that in the interest of taxpayer fairness, the City of Oshkosh does hereby pledge and direct staff to provide up to $10,000 in financial support to the League of Wisconsin Municipalities' public information campaign for commercial property tax assessment reform. *BOLD &ITALICS INDICATE AMENDMENT