HomeMy WebLinkAboutFIN-07-055 - Applications for Cancellation, Refund, Reduction or Levy of Taxes April 16 Hearing1
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Financial Services
Report To: Mayor Carl Zehr and Members of Council
Date of Meeting: April 16, 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: April 10, 2007
Report No.: FIN-07-055
Subject: Applications for Cancellation, Refund, Reduction or Levy of Taxes
April 16" 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 twenty seven applications,
totalling $392,780.48 in the report attached to FIN-07-055.
BACKGROUND:
Twenty seven 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 $392,780.48. 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 $79,051.89 in tax levy to be
reduced.
Joyce V. Evans, MPA, FCGA
Director of Revenue
Pauline Houston, CA
General Manager of Financial
Services & City Treasurer