Loading...
HomeMy WebLinkAboutFacts Sheet - VRF Vehicle Registration Fee (VRF) Facts VRF is permitted under State of Wisconsin Statues §341.35. Funds received from the VRF are only permitted to be utilized for transportation related purposes. VRF would be collected primarily from residents. State Statues exempt vehicles in excess of 8,000 lbs. from the fee. This means that businesses utilizing those larger vehicles would not pay the VRF. Municipally owned and State of Wisconsin owned vehicles are among the list of vehicles exempt from the VRF as identified in Wisconsin Statues §341.35. The street portion of special assessments could be eliminated if VRF is set high enough. o This would not impact special assessments related to utilities, sidewalks or driveway aprons. o If the street portion of the special assessments were eliminated, the City could reduce the need for borrowing, or increase the amount of streets being worked on. Property owners currently paying special assessments would still need to continue with their payments plus pay the VRF on their vehicles each year. Paying an annual VRF would help those homeowners who cannot afford making payments for a street special assessment. The City bills property owners for special assessments after the construction project is complete. Only the property owners adjacent to the street being work on are paying for the street repairs. One homeowner reported he was paying $266 a month for the next 15 years for the total of his special assessments relating to a street reconstruction project. This total includes not only the street reconstruction portion, but also utility service lateral costs, sidewalk costs and driveway apron costs. If a VRF is instituted then all vehicles, registered in the City of Oshkosh, rated less than 8000 lbs. would be helping to pay for only that street portion of those costs. Motion-Is for the LRFC to advise the council to eliminate special assessments for LRFC 1 street reconstruction projects for “Residential1properties” &“Residential 2 2 properties”as defined in the City’s Special Assessment Policy. 1 Property with one or two dwelling units 2 Properties with more than two dwelling units, churches, schools, or a similarly-used tax-exempt property shall be treated as “Residential 2” properties