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HomeMy WebLinkAboutFIN 21-13 Cloy oio Report To Executive Committee 1i0=11� Report Number: FIN 21-13 Date: October 7, 2013 From: Paul Bigioni Director, Corporate Services & City Solicitor Subject: Section 357/358 of the Municipal Act—Adjustment to Taxes Recommendation: 1. That Report FIN 21-13 of the Director, Corporate Services & City Solicitor be received; 2. That the write-offs of taxes as provided under Section 357/358 of the Municipal Act, 2001 be approved; and, 3. That the appropriate officials of the City of Pickering be authorized to take the necessary action to give effect hereto. Executive Summary: Not Applicable Financial Implications: If approved, the write-off of taxes as referred to in Attachment 1 of this report, represents a gross cost of$101,242.44, with a net cost to the City of approximately $21,922.18, the balance being charged back to the Region of Durham and the School Boards. Pickering's share of the costs will be charged to the 2013 Current Budget allocation under General Government—Provision for Uncollectable Taxes. The 2013 budget provision is $286,359.00, and $93,795.85 (including the above) has been spent to date. Discussion: The Municipal Act provides the Treasurer with various tax tools regarding the administration and collection of property taxes. Under the provisions of Section 357 of the Municipal Act, reduction of taxes due to fire, demolition, exemption, assessment change or error is allowed. Change in realty tax class can translate into lower property taxes if the property moved from industrial to commercial tax class or commercial to residential tax class. Demolitions and other physical changes to a property, such as filling in a swimming pool, or damage caused by fire or flooding, result in a reduction in assessment and a corresponding reduction in property taxes. Seven of the applications in Attachment 1 had their assessments reduced to reflect fire damage or demolition. Seventeen of the applications referred to in Attachment 1 had their assessment class revised to a class with a lower tax rate. 128 Report FIN 21-13 D ate: October 7, 2013 Subject: Section 357/358 of the Municipal Act—Adjustment to Taxes Page 2 Thirteen of the applications in Attachment 1 have no changes to their assessment, as MPAC has verified that they are ineligible. Section 358 of the Municipal Act allows taxpayers to have their assessments revised by MPAC where they believe that they have been overcharged due to a gross or manifest clerical error on the part of MPAC. On this basis, taxpayers are allow to seek reduction of their assessments for the current year as well as the two prior years. This section of the Act allows for the reduction of taxes due to such errors, once confirmed by the Regional Assessment Office of MPAC. Two of the applications referred to in Attachment 1 were incorrectly assessed by MPAC as having a finished basement, and this report will adjust the related accounting transactions to reflect the correct assessments for all eligible years. The purpose of Sections 357/358 is to allow the municipality and MPAC to quickly rectify assessment classification changes, and prior year's errors quickly without having the property owner having to go through the formal assessment review process. Attachments: 1. Section 357/358 Adjustment to Taxes -Taxable Prepared By: Approved / Endorsed By: ;0l Donna DeLong Stan Karwowski Supervisor, Taxation Divisi• ead, Finance & Treasurer Paul Big.A Director. C•rpc ate Services & City Solictor SK:dd Recommended for the consideration of Pickering City Council ' . &Jo" /c/, WO Tony Prevedel, P.Eng. Chief Administrative Officer 129 ATTACHMENT# I TO REPORT#fir!. j.--13 vi 43. sQae8 Bs. oQv � sv oW ,7 4 . ! �Ny pp1� ad o y' ai ' Y r. 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