NUMB:
970579
VERS:
ORIGINAL
XXBY:
THE CHAIR
TITL:
Resolution to cancel real estate taxes levied against a certain parcel identified by Tax Key Number 503-0432-9 on the 1996 tax roll, plus interest applicable to date of repayment, if appropriate. (Anne K. Maedke & Dana L. Nix) (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 $161,500 (Land: $19,300 - Improvements: $142,200) was made against the property known as Tax Key Number 503-0432-9 for the year 1996; and
Whereas, The Board of Review has decreased this assessment to $123,200 (Land: $31,600 - Improvements: $103,900), for a reduction of $38,300; 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 $1,127.31 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. 01-0-86-8001, 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) $94.29 (City: $71.69 County: $22.60)
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 accoun...
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