Number
121803
Version
SUBSTITUTE 2
Reference
121802
Sponsor
ALD. BAUMAN
Title
A substitute ordinance relating to payment and settlement of property taxes, charges and assessments.
Sections
115-32-2-a am
115-32-2-b am
115-32.5-6-a am
115-32.5-6-b am
115-34 am
115-36-3 am
200-33-48-a am
200-33-49.5-e am
218-4-3 am
218-4.5-3 am
218-5-1 am
218-8-2 am
218-9-7 am
304-26.5-3-c am
304-26.5-4 am
304-45 am
309-54-7-c am
309-71 am
309-83-4-b am
309-83-4-c am
Analysis
This ordinance clarifies the applicability of the alternate method provided under Wisconsin statute for the settlement and payment of amounts due for special charges, assessments and special assessments and other past due debts to the city that have been placed upon the tax rolls as liens against real property.
Body
Whereas, Section 74.87, Wis. Stats., provides that a city which is authorized by its charter to sell land for nonpayment of taxes may permit payment in 10 equal installments, without interest, of general property taxes, special charges and special assessments of the city; and
Whereas, The special joint committee on the redevelopment of abandoned and foreclosed homes, in discussion with the city treasurer and others, has explored methods to reduce the burden of residential properties received into ownership by the city due to in rem property tax foreclosures including accelerating periods for referral of delinquent properties to an outside firm for in personam and other collection activities including tax refund interception; and
Whereas, Information received by the special joint committee on the redevelopment of abandoned and foreclosed homes indicates that a number of properties have been included within in rem tax foreclosure filings and have been received into city inventory as a result of large special charges and other assessments that have been placed upon the tax rolls sometimes in amounts exceeding actual property taxes; and
Whereas, The common council...
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