HomeMy WebLinkAboutFCS-10-012 - Applications for Tax CancellationS#aff Re orb
KITCHENER ftr~agre and ~Orpor~te Services Deparrme~t wwavkitchenercn
REPORT TO: Council
DATE OF MEETING: December 20t", 2010
SUBMITTED BY: Dan Chapman, Deputy CAO
PREPARED BY: Joyce V. Evans, Deputy Treasurer /Director of Revenue
WARD(S) INVOLVED: All
DATE OF REPORT: December 14t", 2010
REPORT NO.: FCS-10-12
SUBJECT: Applications for Cancellation, Refund, Reduction of Taxes
December 20t" Hearing
RECOMMENDATION:
That the applications to City Council for cancellation, reduction, refund of taxes totalling $71,419.41
as attached to Finance and Corporate Services Department report FCS-10-12, be approved,
pursuant to Section 357 of the Municipal Act.
BACKGROUND:
Section 357 of the Municipal Act allows the local municipality to cancel, reduce or refund all or
part of taxes levied on land in the year in respect of which the application is made for certain
specific reasons as laid out in this section of the Act.
REPORT:
Thirty six applications for adjustment of taxes under Section 357 of The Municipal Act, S.O.
2001 were processed under Section 357 of the Municipal Act, resulting in a net reduction of
taxes in the amount of $71,419.41. The required notices to the affected parties were sent out
in accordance with the relevant legislation.
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KITCH~i~T~,R ftr~anre and corporate Services Department
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The following table shows a breakdown of the reduction in taxes in this report by the applicable
reason.
Municipal Act Reason for Application Total Taxes Percentage of
357 Section Reduced Taxes Reduced
357 (1) (a) Ceases to be Liable for Taxes at $ 11,453.83 16.04%
rate it was taxed (Change of tax
class)
357 (1) (c) Taxable to Exempt Status 22,570.01 31.60%
357 (1) (d) (i) Razed by Fire, Demolition or 4,440.65 6.22%
otherwise
357 (1) (d) (ii) Damaged by fire, demolition or 419.60 0.59%
otherwise -Substantially
unusable
357 (1) (f) Gross or Manifest 32,535.32 22.45%
Clerical/Factual Error (in the
assessment roll)
Total $ 71,419.41 100.00%
ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN:
Foundation: Efficient and Effective Government
Goal: Financial Management
Strategic Direction: Ensure responsible stewardship of public funds within a supportive policy
framework.
FINANCIAL IMPLICATIONS:
The tax reductions referenced above are shared with the Regional Municipality of Waterloo and
the School Boards. The net effect to the City of Kitchener amounts to $20,508.09 in tax levy to
be reduced. This amount is funded from within the supplementary taxes /write-offs budget.
COMMUNITY ENGAGEMENT:
Inform -The required notices to the affected parties were sent out in accordance with the
relevant legislation.
ACKNOWLEDGED BY: Dan Chapman, Deputy CAO and City Treasurer (Finance and
Corporate Services)