HomeMy WebLinkAboutFIN-06-028 - Applications for Cancellation, Refund, Reduction or Levy of Taxes Sept 25 Hearing
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KITCHENER
Financial Services
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Report To:
Date of Meeting:
Submitted By:
Prepared By:
Ward(s) Involved:
Date of Report:
Report No.:
Subject:
Mayor Carl Zehr and Members of Council
September 25, 2006
Pauline Houston, General Manager of Financial Services
& City Treasurer
Joyce V. Evans, Director of Revenue (Ext. 2895)
All
September 14, 2006
FIN-06-028
RECOMMENDATION:
Applications for Cancellation, Refund, Reduction or Levy of Taxes
September 25th Hearing
BACKGROUND:
It is recommended that, pursuant to Section #357 of The Municipal Act,
S.O. 2001, applications to City Council for Cancellation, Reduction,
refund or levy of taxes, Council approve the thirty applications, totalling
$240,479.44, in the report attached to FIN-06-028.
Sixty six applications for adjustment of taxes under Section #357 of The Municipal Act, S.O. 2001
were processed, resulting in a net reduction of taxes in the amount of $240,479.44. The required
notices to the affected parties were sent out in accordance with the relevant legislation.
FINANCIAL IMPLICATIONS:
The total amount of $240,479.44 includes $2,256.21 of Business Improvement Area reductions.
The tax reductions are shared with the Regional Municipality of Waterloo and the School
Boards. The net effect to the City of Kitchener amounts to $52,528.90 in tax levy and
$2,256.21 in Business Improvement area levy to be reduced.
Joyce V. Evans, MPA, FCGA
Director of Revenue
Pauline Houston, CA
General Manager of Financial
Services & City Treasurer