NUMB:
980425
VERS:
ORIGINAL
XXBY:
THE CHAIR
TITL:
Resolution to cancel real estate taxes levied against a certain parcel identified by Tax Key Number 525-9974-000-7 on the 1997 tax roll, plus interest applicable to date of repayment, if appropriate. (David Smith & Sandra Smith) (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 $40,400 (Land: $37,300 - Improvements: $3,200) was made against the property known as Tax Key Number 525-9974-000-7 for the year 1997; and
Whereas, The Board of Review has decreased this assessment to $29,760 (Land: $26,600 - Improvements: $3,160), for a reduction of $10,640; 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 $303.63 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, Special Purpose Account No. 01-086-8001, 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) $25.00 (City: $18.57 County: $6.43) by means of journal entries, charging the Remission of Taxes Fund, Special Purpose Account No. 01-086-8001, and crediting the State Tax Credit Fund; and, be it
Further Resolved, That delinquent interest and penalties on this account are hereby canceled.
DFTR:
Assessor's Office
jap/kat
6-30-98