HomeMy WebLinkAboutCS 81-05 REPORT TO
EXECUTIVE COMMITTEE
Report Number: CS 81-05
Date: November 14, 2005
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From:
Gillis A. Paterson
Director, Corporate Services & Treasurer
Subject: Section 357/358 of the Municipal Act- Adjustment to Taxes
Recommendation:
1. It is recommended that Report CS 81-05 of the Director, Corporate Services &
Treasurer be received and that:
2. the write-offs of taxes as provided under Section 357/358 of the Municipal Act, 2001
be approved; and,
3. the appropriate officials of the City of Pickering be authorized to take the necessary
action to give effect hereto.
Executive Summary: Not Applicable
Financia~ Implications: If approved, the write-off of taxes as contained in this report
represents a gross cost of $207,177.02 with a net cost to the City of approximately
$35,579.96, 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 2005 Current Budget
allocation under General Government - Provision for Uncollectable Taxes. (This
account is used to write-off City cost or share of property taxes due to Minutes of
Settlement, Assessment Review Board Decisions and Council approved Section
357/358 reductions.) The 2005 budget provision is $173,163 and $121,707.60
including the above has been spent to date.
Background: 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, it allows for the reduction of taxes due to fire,
demolition, exemption, assessment change or error and the tax reduction is applicable
to the current year only. Section 358 of the Municipal Act allows for the reduction of
taxes duE; to assessment error and this section can be applied to property taxes for the
two preceding years (2003 & 2004).
Report CS, 81-05 Date: November 14, 2005
Subject: Section 357/358/354 of the Municipal Act- Adjustment to Taxes Page 2
Demolitions, and other physical changes to a property, such as removing or filling in a
swimming pool, or damage caused by fire result in a reduction in assessment and
taxes.
Attachments:
1. Section 357/358 Adjustment to Taxes
Prepared By:
-I'~'~y P~.rsons[
Tax Analyst
GAP:tp
Attachment
Copy: Chief Administrative Officer
Recommended for the consideration
Pickering Cil Council '~'
Approved / Endorsed By:
Gillis A.
Director, Corporate Services & Treasurer
ATTACHMEIV)' #_L_ TO REPORT
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