NUMB:
971333
VERS:
ORIGINAL
XXBY:
THE CHAIR
TITL:
Resolution to cancel real estate taxes levied against certain parcels bearing various key numbers on the 1995 and 1996 tax rolls, plus interest applicable to date of repayment, if appropriate. (Assessor's Office)
ANLS:
- Analysis -
This resolution requires the cancellation of erroneous taxes because of a decrease in assessment by the Wisconsin Tax Appeals Commission of the Wisconsin Department of Revenue, the issuance of checks to the City Treasurer or taxpayers as applicable, and the proper reduction of State Tax Credits by journal entries.
BODY:
Whereas, Assessments were made against the real estateproperty of various accounts on the 1995 and 1996 assessment rolls as contained in Common Council Resolution File No. 971333; and
Whereas, The Wisconsin Tax Appeals Commission of the Wisconsin Department of Revenue has decreased these assessments as shown in this file 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 city checks in the amounts as shown, payable to the City Treasurer or taxpayers as applicable, to be refunded to the taxpayers where appropriate, plus interest at the rate of 9.6% applicable from date of payment to date of repayment, said amounts to be charged to the Remission of Taxes Fund, Special Purpose Account No. 01-86-8001, and said checks 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 shown 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 on any account covered by this resolution is hereby canceled.
DFTR:
City Assess...
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