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Home My WebLink About11. 19-101 FEBRUARY 26, 2019 19-101 RESOLUTION (CARRIED 7-0 LOST LAID OVER WITHDRAWN ) PURPOSE: RESCIND PERSONAL PROPERTY TAXES—US BANK NATIONAL ASSOCIATION ($1,088.87) INITIATED BY: DEPARTMENT OF FINANCE WHEREAS, the following property taxes were assessed improperly, per Wisconsin State Statutes 74.33 (1) (c) and rescission of the tax due is appropriate: US BANK NATIONAL ASSOCIATION C/O PROPETY TAX DEPT 1310 MADRID ST STE 100 MARSHALL, MN 56258-4000 (PP #076751000) 2018 $1,088.87 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 above sums. 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 General Fund - Uncollectible Accounts g, �'k a Oshkosh TO: Honorable Mayor and Members of the Common Council FROM: Trena Larson, Director of Finance DATE: February 19, 2019 RE: Authorize Rescission of Personal 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 assessed for the tax year 2018. Therefore, the taxes that were incorrectly charged need to be rescinded. The Assessor's staff verified this rescission is accurate and necessary. ANALYSIS Below are the details and reason this is being presented for rescission. In addition, the specific condition as outlined by State Statutes is included: State Statute 74.33 (1)(c) — The property is exempt by law from taxation. • Personal Property — 076751000 / US Bank National Association / Various Addresses - $1,088.87 FISCAL IMPACT The impact of the above rescission is short term only, since in the years that the taxes are rescinded, the City notifies the Department of Revenue (DOR) of the rescissions and the DOR adjusts the equalized value for the following year to account for the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, %era .Cwwm Trena Larson Finance Director Approved: Mark Rohloff City Manager Finance Department City Nall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us February 11, 2019 C/O PROPERTY TAX DEPT US BANK NATIONAL ASSOCIATION 1310 MADRID ST STE 100 MARSHALL MN 56258-4000 RE: Personal Property #076751000, US Bank National, leasing to various locations Dear Business Owner: Your personal property account inadvertently included assets that are now exempt. I have completed the required paperwork for the amount of the exempt assets associated with the personal property account referenced above to be rescinded. The 2018 personal property taxes for this parcel in the amount of $1,088.87 ($44,000 x .024747 tax rate) will be submitted to the City Council for refund. This item will appear on the City Council agenda in February under Wisconsin Statute 74.33 (1). Our office will send you a letter notifying you of the Council's decision. I apologize for any inconvenience this error may have caused. If you have any questions, please call me at (920) 236-5072 Monday through Friday between 8:00 A.M. and 4:30 P.M. Respectfully, Victoria Lopez Assessment Technician CITY OF OSHKOSH • ASSESSOR'S OFFICE • (920) 236-5070 • ROOM 208 215 CHURCH AVE, PO BOX 1130 •OSHKOSH, WI 54903-1130 • http://www.ci.oshkosh.wi.us Date: February 11th, 2019 To: City Finance Director & Deputy Finance Director From: Luke Alger, Assessor's Office Description: Assessment Year R.E. Parcel or Pers. Property Acct # Location of Property Tid # Owner Name R.E. Legal Description R.E. or P.P. Class 2018 PP #076751000 Various US Bank National Association Personal Property Calculation: Pers. Prop. Land Improvement Total Assessed Value before Adjustment 91,100 91,100 Assessed Value after Adjustment 47,100 47,100 Amount of Assessment Adjusted -44,000 0 0 -44,000 Tax Rate Applied 24.747 Amt. Of Tax to Rescind or Refund 1,088,87 Lottery Credit to be applied Net Tax to Rescind or Refund 1,08&87 If refund, date taxes paid 12/20/18 Mark the Basis for Rescinding or Refunding (Wisc.Stats. 74.33): a. A clerical error has been made in the description of the property or in the computation of the tax. b. The assessment included real property improvements that did not exist on the assessment date. c. X The property is exempt by law from taxation. d. The property is not located in the taxation district for which the tax roll was prepared. e. A double assessment has been made. f. An arithmetic, transposition, or similar error has occurred. Explain Reason in Detail: (Attach addendum or documentation if needed) 2018 Statement of Personal Property included scanning equipment which is now exempt. Signature City Assessor February 11, 2019 C/O PROPERTY TAX DEPT US BANK NATIONAL ASSOCIATION 1310 MADRID ST STE 100 MARSHALL MN 56258-4000 RE: Personal Property #076751000, US Bank National, leasing to various locations Dear Business Owner: Your personal property account inadvertently included assets that are now exempt. I have completed the required paperwork for the amount of the exempt assets associated with the personal property account referenced above to be rescinded. The 2018 personal property taxes for this parcel in the amount of $1,088.87 ($44,000 x .024747 tax rate) will be submitted to the City Council for refund. This item will appear on the City Council agenda in February under Wisconsin Statute 74.33 (1). Our office will send you a letter notifying you of the Council's decision. I apologize for any inconvenience this error may have caused. If you have any questions, please call me at (920) 236-5072 Monday through Friday between 8:00 A.M. and 4:30 P.M. Respectfully, Victoria Lopez Assessment Technician CITY OF OSHKOSH • ASSESSOR'S OFFICE - (920) 236-5070 • ROOM 208 215 CHURCH AVE, PO BOX 1130 - OSHKOSH, WI 54903-1130 • http://www.ci.oshkosh.wi.us Oshkosh OSHKOSH CITY TREASURER TAX COLLECTION OFFICE PO BOX 1128 OSHKOSH WI 54903-1128 STATE OF WISCONSIN PERSONAL PROPERTY TAX BILL FOR 2018 City of Oshkosh BILL NUMBER 50417 PROPERTY ADDRESS: VARIOUS C/O PROPERTY TAX DEPT US BANK NATIONAL ASSOCIATION 1310 MADRID ST STE 100 MARSHALL MN 56258-4000 PARCEL NUMBER 076751000 I I'lll)IIII' II'll'llll IIII III'I'IIII VIII "III IIII IIII Visit www.ci.oshkosh.wi.us for additional tax and payment information and assessor information for billing address changes Assessed Value Land Ass'd Value Improvements Total Assessed Value Ave. Assessment Ratio Net Assessed Value Rate (Does NOT reflect Credits) PERSONAL PROPERTY 91,100 .94902229 24.747 Est, Fair Mkt. Land Est. Fair Mkt. Improvements Total Est. Fair Mkt. ValueA Star in This Box Means School Taxes Reduced by Unpaid Prior Year Taxes School Levy Tax Credit PERSONAL PROPERTY 95,990 157.15 2017 Est. State Aids 2018 Est. State Aids 2017 2018 % Tax Allocated Tax Dist. Allocated Tax Dist. Tax Jurisdiction Net Tax Net Tax Change STATE OF WISCONSIN .00 .00 0.0% 1,494,021 1,497,"196 WINNEBAGO COUNTY 620.66 487.57 21.50 14,090,123 13,920,155 CITY OF OSHKOSH 1,220.50 964.01 -21.0% 49,651,606 52,327,885 SCH DIST #4179 929.65 701.38 -24.6% 4,106,936 4,263,381 TCDB DISTRICT 127.74 101.49 -20.6% TOTAL 2,898.55 2,254.45 -22.2% First Dollar Credit Lottery/Gaming Credit .00 .00 0.0% Net Property Tax 2, 898 .55 2,254 .45 -22.2% Make Check Payable to: City of Oshkosh Net Property Tax 2, 254 .45 Full Payment Due On or Before January 31, 2019 2 254 . 45 Business Name and Location US BANK NATIONAL ASSOCIATION VARIOUS FOR INFORMATIONAL PURPOSES ONLY - Voter -Approved Temporary Tax Increases FOR FULL PAYMENT Total Total Additional Taxes Year • ' Pay by January 31, 2019 Taxing Jurisdiction Additional Taxes Applied to Property Increase Ends $ 2, 254.45 SCri DIST #4179 9, 063, 365.76 11.15 2023 Warning: If not paid by due dates, installment option is lost and total is delinquent subject to interest and, if applicable, penalty. Failure to pay on time — See reverse. r a �f X IMPORTANT: Correspondence should refer to parcel number — SEE REVERSE SIDE FOR IMPORTANT INFORMATION. a Be sure this description covers your property. This description is for the property tax bill only and may not be a full legal , th description. Pay Online