HomeMy WebLinkAboutFIN-07-145 - Applications for Cancellation, Refund, Reduction of Levy of Taxes December 10 Hearing1
KITC~~R ' •
Financial Services
Report To: Mayor Carl Zehr and Members of Council
Date of Meeting: December 10, 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: December 5, 2007
Report No.: FIN-07-145
Subject: Applications for Cancellation, Refund, Reduction or Levy of Taxes
December 10th 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 ten applications, totalling
$122,684.59 in the report attached to FIN-07-145
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 $122,684.59. 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 $26,617.63 in tax levy and
$4,232.72 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