HomeMy WebLinkAboutFIN-07-114 - Application for Cancellation, Refund, Reduction or Levy of Taxes September 17 Hearing1
KITC~~R ' •
Financial Services
Report To: Mayor Carl Zehr and Members of Council
Date of Meeting: September 17, 2007
Submitted By: Pauline Houston, General Manager of Financial Services
& City Treasurer
Prepared By: Joyce V. Evans, Director of Revenue (Ext. 2895)
Ward(s~ Involved: All
Date of Report: September 07, 2007
Report No.: FIN-07-114
Subject: Applications for Cancellation, Refund, Reduction or Levy of Taxes
September 17h 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 forty nine applications,
totalling $264,677.87 in the report attached to FIN-07-114.
BACKGROUND:
Forty nine 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 $264,677.87. The required
notices to the affected parties were sent out in accordance with the relevant legislation.
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 $54,082.15 in tax levy and
$6.899.97 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