NUMB:
980545
VERS:
ORIGINAL
XXBY:
THE CHAIR
TITL:
Resolution to cancel real estate taxes levied against a certain parcel identified by Tax Key Number 525-1421-000-4 on the 1997 tax roll, plus interest applicable to date of repayment, if appropriate. (Bernice L. Kolinski) (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 $39,600 (Land: $39,600 - Improvements: $0) was made against the property known as Tax Key Number 525-1421-000-4 for the year 1997; and
Whereas, The Board of Review has decreased this assessment to $28,300 (Land: $28,300 - Improvements: $0), for a reduction of $11,300; 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 $322.45 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) $26.55 (City: $19.73 County: $6.82) 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.
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