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HomeMy WebLinkAboutFCS-17-073 - Applications for Tax Cancellation REPORT TO: Council DATE OF MEETING: April 24, 2017 SUBMITTED BY: Joyce V. Evans, Deputy City Treasurer, Director of Revenue 519-741-2200 x7895 PREPARED BY: Feras Abdulhadi, Tax Specialist 519-741-2200 x7440 WARD(S) INVOLVED: All DATE OF REPORT: April 10, 2017 REPORT NO.: FCS-17-073 SUBJECT: Applications for Cancellation, Refund, Reduction of Taxes – th April 24 Hearing ___________________________________________________________________________ RECOMMENDATION: That the applications to City Council for cancellation, reduction, refund of taxes totalling $98,503.32 as attached to Finance and Corporate Services Department report FCS-17-073, 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: Sixty 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 $98,503.32. 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. 3. - 1 The following table shows a breakdown of the reduction in taxes in this report by the applicable reason. Municipal Act Total Taxes Reason for Application 357 Section Reduced 357 (1) (a) Ceases to be liable for tax at rate it was taxed 313.48 357 (1) (c) Became exempt 59,999.38 357 (1) (d) (i) Razed by Fire, Demolition or otherwise 28,079.29 357 (1) (f) Gross or Manifest Clerical/Factual Error (in the assessment roll) 9,520.27 357(1)(g) 590.90 wĻƦğźƩƭΉwĻƓƚǝğƷźƚƓƭƦƩĻǝĻƓƷźƓŭƓƚƩƒğƌǒƭĻ Total 98,503.32 ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN: The recommendation of this report supports the achievement of the city’s strategic vision through the delivery of core service. 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 $24,827.55 and $254.48 in BIA levies. This City of Kitchener share forms part of the year’s net supplementary taxes and write-offs, which carries a net revenue budget of $1 million annually. COMMUNITY ENGAGEMENT: INFORM – This report has been posted to the City’s website with the agenda in advance of the council / committee meeting. 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, Deputy CAO and City Treasurer 3. - 2