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HomeMy WebLinkAboutFCS-15-130 - Applications for Tax Cancellations, etc.Staff Report rTC.�r R finance and Corporate Services Department www.kitchener.ca REPORT TO: Council DATE OF MEETING: September 14, 2015 SUBMITTED BY: Joyce V. Evans, Deputy City Treasurer, Director of Revenue PREPARED BY: Feras Abdulhadi, Tax Specialist 519 - 741 -2200 x7440 WARD(S) INVOLVED: All DATE OF REPORT: August 31, 2015 REPORT NO.: FCS -15 -130 SUBJECT: Applications for Cancellation, Refund, Reduction of Taxes — September 14th Hearing RECOMMENDATION: That the applications to City Council for cancellation, reduction, refund of taxes totalling $122,605.30 as attached to Finance and Corporate Services Department report FCS -15 -130, 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: Fifty three 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 $122,605.30. The required notices to the affected parties were sent out in accordance with the relevant legislation. * ** This information is available in accessible formats upon request. * ** Please call 519- 741 -2345 or TTY 1- 866 - 969 -9994 for assistance. 4. -1 The following table shows a breakdown of the reduction in taxes in this report by the applicable reason. Municipal Act 357 Section Reason for Application Total Taxes Reduced 357(1)(a) Ceases to be liable for tax at rate it was taxed 3,319.10 357 (1) (c) Became exempt (32,174.56) 357 (1) (d) (i) Razed by Fire, Demolition or otherwise (33,137.49) 357(1)(d)(ii) Damaged and substantially unusable (1,420.92) 357 (1) (f) Gross or Manifest Clerical /Factual Error (in the assessment roll) (5,987.96) 357(1)(g) Repairs /Reno's preventing normal use (min. 3 months) (53,203.47) Total (122,605.30) ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN: Strategic Priority: Effective and Efficient City Services. Strategy: 5.4 — Ensure the responsible stewardship of public funds within a supportive policy framework. FINANCIAL IMPLICATIONS: The tax reductions are shared with the Regional Municipality of Waterloo and the School Boards. The net effect to the City of Kitchener is a reduction in current year revenue of $35,421.65. COMMUNITY ENGAGEMENT: The required notices to the affected parties were sent out in accordance with the relevant legislation under section 357 of The Municipal Act, S.O. 2001. ACKNOWLEDGED BY: Dan Chapman, MPA, CPA, CA, Deputy CAO and City Treasurer (Finance and Corporate Services) 4. -2