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HomeMy WebLinkAboutFIN-07-004 - Applications for Cancellations, Refund, Reduction of Levy of Taxes January 15 Special Hearing j Financial Services 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 January 15, 2007 Pauline Houston, General Manager of Financial Services & City Treasurer Joyce V. Evans, Director of Revenue (Ext. 2895) All January 10, 2007 FIN-07-004 Applications for Cancellation, Refund, Reduction or Levy of Taxes January 15th special Hearing RECOMMENDATION: 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 two applications, totalling $1,131.58, in the report attached to FIN-07-004. BACKGROUND: Council requested that staff ask MPAC to review application #27 on the Council Tax Adjustment report attached to FIN-06-60, to determine whether the reduction in assessment was appropriate. On review and in discussion with the tax payer MPAC have made a further reduction in assessment on this property. The tax payer has been notified of the reconsideration and is in agreement with the change. 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 amounts to $356.75 in tax levy to be reduced. Joyce V. Evans, MPA, FCGA Director of Revenue Pauline Houston, CA General Manager of Financial Services & City Treasurer