Number
151734
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution cancelling real estate taxes levied against certain parcels bearing various key numbers on the 2014 and 2015 tax rolls, plus interest applicable to date of repayment, if appropriate.
Analysis
This resolution approves the cancellation of real estate taxes because of Board of Review reductions in assessments on certain parcels the issuance of checks to the City Treasurer or taxpayer as applicable, and the proper reductions of State Tax Credits by journal entries.
Body
Whereas, Assessments were made against certain parcels of real estate for 2014 and 2015 as contained in the attachments to this file; and
Whereas, The Board of Review 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 a City check in the amount as shown in the attachment to this file, payable to the City Treasurer or taxpayer as applicable, to be refunded to the taxpayer where appropriate, plus interest at the rate applicable pursuant to s. 70.511(2)(b), Wis. Stats., for an appeal that was filed as shown in this file, from date of payment to date of repayment; the amount to be charged to the 2015 Remission of Taxes Fund, 0001 Org 9990 Program 0001 Sub-class S163 Account 006300 until depleted, then the remaining amount to be charged to the 2016 Remission of Taxes Fund, 0001 Org 9990 Program 0001 Sub-class S163 Account 006300 and the checks to be delivered to the Customer Services Unit 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 in the attachment to this file by means of journal entries, charging the 2015 Remission of Taxes Fund, 0001 Org 9990 Program 0001 Sub-class S163 Account 006300 until depleted, then, charging the 2016 Remission of Taxes Fund, 0001 Org 9990 Program 0001 Sub-class S163 Account 006300 for the remainder of refunds, and crediting the State Tax Credit Fund; and, be it
Further Resolved, That interest for tax key number 347-0003-000-X shall be applicable from date of payment to November 5, 2015 for the year 2014; and, be it
Further Resolved, That delinquent interest and penalties on any account covered by this resolution are canceled.
Requestor
Assessor’s Office
Drafter
J. Freda
3/16/16