HomeMy WebLinkAboutFIN-08-129 - Applications for Cancellation, Refund, Reduction or Levy of Taxes - Sept.15 Hearingl
Ki T �i ER
Financial Services
Report To: Mayor Carl Zehr and Members of Council
REPORT 74
Date of Meeting: September 15th, 2008
Submitted By: Dan Chapman, General Manager of Financial Services
Prepared By: Joyce V. Evans, Director of Revenue (Ext. 2895)
Ward(s) Involved: All
Date of Report: September 10th, 2008
Report No.: FIN -08 -129
Subject: Applications for Cancellation, Refund, Reduction or Levy of Taxes
September 15th 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 one hundred and four
applications, totalling $583,518.38 in the report attached to FIN -08 -129.
BACKGROUND:
One hundred and four 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 $583,518.38.
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 $163,524.19 in tax levy and $336.05
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