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Home My WebLink AboutTR-5-85 4 CORPORATION OF THE TOWN OF NEWCASTLE TREASURY DEPARTMENT K. CAMPBELL, C.A.,TREASURER 40 TEMPERANCE STREET TEL.(416) 623-3375 BOWMANVILLE, ONTARIO L1C 3A6 REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF JANUARY 21, 1985. REPORT NO. : TR-5-85 SUBJECT: LETTER DATED DECEMBER 12TH 1984 i i RECOMMENDATION: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council that this report be received for information and consideration. BACKGROUND AND COMMENT: Attached please find a draft response to letter dated December 12th 1984 regarding assessment for 52-54 King Street West, Bowmanville. We trust that Committee will find this response satisfactory. Respectfully submitted, Kathry A. ampbell , C.A. , B.Comm- , Treas r r - 3 �� DRAFT RESPONSE January 14, 1985 Mr. P. Kowal Jr. , President Peter Kowal Jr. Real Estate & Insurance Limited 52 King Street West BOWMANVILLE, Ontario U C 1R4 Dear Mr. Kowal : Re: Letter dated December 12th 1984 Assessment for 54-54 King Street West Bowmanville In response to your letter, I must advise you that the hearing or decisions of appeals of assessment are not within the jurisdiction of the Municipal Council . Assessment appeals are the business of the Regional Assessment Office and you, of course, have the right to a full hearing within the process provided under the legislation. Section 63(3) of the Assessment Act which you quote, in part, is the legislation under which a general municipal reassessment takes place. This process was completed within the Town of Newcastle for the 1984 taxation year. Therefore, what you have requested, has only just been completed. I would not anticipate another general reassessment for approximately five years. The Regional Assessment Offices advises that this section of the Assessment Act does not apply to individual assessment appeals. You must use the assessment appeal process which is available to you through Assessment Review Court and the higher court if you so desire. I trust this information will be of use to you. Yours truly, Kathryn A. Campbell , C.A. ,B.Comm. Treasurer *gf °`C^'C " Rnmu949, cons Direction PETER IiOWAL JR. REAL ESTATE & INSURANCE LIMITED 52 KING STREET WEST Broker BUS. 623.2453 BOWMANVILLE, ONTARIO PETER KOWAL JR., PRESIDENT RES. 623.5868 LIC IR4 `SEA December 12, 1981 NIr. G. Rickard , Mayor, Town of I\lewcastle, Teinperance Street , Bowmanville, Ontario . Re : Assessment 52 - 54 King St. W. , Bowmanville Roll # 2-4-124 Dear Sir: Further to our two discussions with regard to the market value assessment on the above noted property, I am appealling to you and Council for assistance in setting the proper Market Value on this property, as it is far from being equitably assessed by the Assessment Department in comparison with respect to assessment of other parcel or parcels of real property in that class. I enclose a copy of Market Values of properties assessed by the Assessment Department in the same block (North side of King Street West from Silver St . to Scugog Street ) dated July 1984, and supplied by the assessors at a Hearing in Newcastle . Please study the enclosure and allow an equitable market j value assessment using the department ' s figures. I find that by using their figures my assessment should be: Land - 3186 sq. ft. x 11.36 (average ) = 36,192 Bldg. - 1976 sq. ft . x 8.53 (average) = 16,855 Total - 53 ,047 . Further, if I use Roll #2-4-127 and Roll #2-4-126 the following is the result: Land - Market Value Assessment $220)446. Land - Area 20,$83 sq. ft. 220,446 divided by 20,$$3 = 10. 55 per sq. ft. Bldg. PIarket Value Assessment *147) 538. Bldg. Area 20,400 sq . ft. 147,538 divided by 20,100 = 7.23 per sq. ft. Cont . PETER KOWAL JR. REAL ESTATE & INSURANCE LIMITED �0 5-/ ` 52 KING STREET WEST Broker BUS. 623.2453 BOWMANVILLE, ONTARIO PETER KOWAL JR.. PRESIDENT RES. 623.5868 LIC IR4 i Mr. G. Rickard , Mayor. December 12 , 198L� Re: 52 °c 54 King St. West , Bowm anville 2 . . . By applying the above to my property the result is as follows : Land 3186 sq. ft. x 610.55 per sq. ft. = t33,612. Bldg. 1976 sq. ft . x f� 7.23 per sq. ft. = *14,286. Total Market Value Assessment $47, $98. Therefore, I ask that you, Mr. Mayor, and your council, please apply a. fair assessment as allowed by Section 63 (3 ) of the Assessment Act which provides - ' Where the Minister considers that , within any class or classes of real property in a municipality, any parcel or parcels of real property are assessed inequitably with respect to the assessment of any other parcel or parcels of real property of that class, he may, if so requested by a resolution of the council of such municipality, direct that such changes be made in the assessment to be contained in the assessment roll next, to be returned in that municipality as will , in his opinion , eliminate or reduce inequalities in the assessment of any class or classes of real property, and the Minister may, for that purpose , make regulations . It Trusting in your fair judgement, I remain. Yours very truly, Peter howal Jr. PK/ek v encl . 5 j JULY 1984. COMMERCIAL LAND ASSESSMENT PER SQUARE FOOT i KING STREET WEST, BOWMANVILLE NORTH SIDE FROM SCUGOG ST TO SILVER ST NET RATE LAND SQ.FT. PER ROLL NUMBER VALUE AREA SQ.FT. 2-4-131 DAIRY 217984 26207 8.31, 2-4-128 CLEANERS 52588 2633 19.97 2-4-127 JAMES 122783 12694 9.67 2-4-126 JAMES 97663 8189 11.92 2-4-125 CHOW 62400 3654 17.07 SUBJECT 2-4-124 KOWAL 61315 3186 19.24 1� 2-4-123 TIRES 62955 3088 20.38.^ AVG. 15.22 MEDIAN 19.24 COMMERCIAL BUILDING ASSESSMENT 2-4-131 MULTI 136975 13387 10.23 BLDGS 2-4-128 ttAarf STY 31086 18 21 17,07 2-4-127 -)4AI c S 42603 10103 4,21 2-4-126 dq .n E5 . 104935 10297 10.19 2-4-125 -edf&L"i 14289 2568 5.56 SUBJECT 2-4-124 -<'O 40.4 4- 17441 1976 8.82 � 2-4-123 �'°�H"e.*Ne 14900 2328 6.40 t AVG. 8.92 - MEDIA 8 _ �3 I