NUMB:
990322
VERS:
ORIGINAL
XXBY:
THE CHAIR
TITL:
Resolution to cancel real estate taxes levied against a certain parcel identified by Tax Key Number 365-1488-000-4 on the 1998 tax roll, plus interest applicable to date of repayment, if appropriate. (Brian M. Czerwinski & Julie A. Czerwinski). (Assessor's Office)
ANLS:
- Analysis -
This resolution requires the cancellation of erroneous real estate taxes because of a decrease in assessment by the Board of Review, the issuance of a check to the City Treasurer or taxpayers as applicable, and the proper reduction of State Tax Credits by journal entries.
BODY:
Whereas, An assessment in the amount of $44,300 (Land: $2,400 - Improvements: $41,900) was made against the property known as Tax Key Number 365-1488-000-4 for the year 1998; and
Whereas, The Board of Review has decreased this assessment to $41,500 (Land: $2,400 - Improvements: $39,100), for a reduction of $2,800; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, That the proper city officers are authorized and directed to issue a city check in the amount of $79.20 payable to the City Treasurer or taxpayer as applicable, to be refunded to the taxpayer where appropriate, plus interest at the rate of 9.6% applicable from date of payment to date of repayment, said amount to be charged to the Remission of Taxes Fund, 0001 Org 9990 Program 0001 Sub-class S163 Account 006300 and said check to be delivered to the Tax Billing and Collection Division of the Treasurer's Office for disbursement; and, be it
Further Resolved, That the proper city officers are authorized and directed to reflect the reduction in State Tax Credits as follows:
Section 79.10 (2) $5.71 (City: $4.27 County: $1.44) by means of journal entries, charging the Remission of Taxes Fund, 0001 Org 9990 Program 0001 Sub-class S163 Account 006300, and crediting the State Tax Credit Fund; and, be it
Further Resolved, That interest for Key No. 365-1488-000-4 shall be applicable from date of payment to January 19, 1999 for the year 1998; and be it
Further Resolved, That delinquent interest and penalties on this account are hereby canceled.
DFTR:
Assessor's Office
mpr/kat
5-26-99