HomeMy WebLinkAboutFIN-08-163 - Applications for Cancellation, Refund, Reduction or Levy of Taxes - Nov.24 Hearing
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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
November 24, 2008
Dan Chapman, General Manager of Financial Services
Joyce V. Evans, Director of Revenue (Ext. 2895)
All
November 18, 2008
FI N-08-163
Applications for Cancellation, Refund, Reduction or Levy of Taxes
November 24 Hearing
RECOMMENDATION:
It is recommended that, pursuant to Section #357 of The Municipal Act,
S.D. 2001, applications to City Council for Cancellation, Reduction,
refund or levy of taxes, Council approve the forty six applications,
totalling $217,438.42 in the report attached to FIN-08-163.
BACKGROUND:
Forty Six applications for adjustment of taxes under Section #357 of The Municipal Act, S.D. 2001
were processed, resulting in a net reduction of taxes in the amount of $217,438.42. 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 $46,832.16 in tax levy and $147.10
in Business Improvement area levy to be reduced.
Joyce V. Evans, MPA, FCGA
Director of Revenue
Dan Chapman, MPA, CA
General Manager of Financial Services