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HomeMy WebLinkAboutFIN 18-16 (1 06 Report to PICKERING Executive Committee Report Number: FIN 18-16 Date: October 11, 2016 From: Stan Karwowski Director, Finance & Treasurer Subject: Section 357/358 of the Municipal Act- Adjustment to Taxes Recommendation: 1. That the write-off of taxes as provided for in Attachment 1, in accordance with Sections 357/358 of the Municipal Act, 2001 be approved; and 2. That the appropriate officials of the City of Pickering be authorized to take the necessary actions as indicated in this report. 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$40,195.76 with a net cost to the City of approximately $13,241.27, 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 2016 Current Budget allocation under General Government— Provision for Uncollectable Taxes. 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 a property is 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. 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 allowed 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 in Attachment 1 reflect the comment "No Recommendation". MPAC confirmed that the properties were assessed correctly, and did not require adjustments. Report FIN 18-16 October 11, 2016 Subject: Section 357/358 of the Municipal Act—Adjustment to Taxes Page 2 Seven of the applications in Attachment 1 reflect the comment "Raised by Fire or Demolition or Otherwise," and were filed to remove the value of the structures. Two of the applications in Attachment 1 reflect the comment "Became "Exempt" as one property was purchased by the City, and the other was purchased by the Region. Fifty-two of the applications reflect the comment "Gross or manifest clerical/factual error (by MPAC)". Forty-six of these properties were incorrectly assessed in the MT class instead of the RT class. The remaining six applications were to remove assessment from two properties that had been incorrectly assessed with finished basements for the past three tax years. The purpose of Sections 357 and 358 is to allow the municipality and MPAC to quickly rectify assessment classification changes, and prior years' errors quickly without 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: Donna DeLong / Stan Karwowski Supervisor, Taxation Director, Finance & Treasurer SK:dd Recommended for the consideration of Pickering City Council /111// te,• /. az, zot0 Tony Prevedel, P.Eng. 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