HomeMy WebLinkAboutFND-008-03
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Cl!J!mgton
REPORT
FINANCE DEPARTMENT
Date:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MONDAY, MARCH 24, 2003 Resolution #c;,f/1-- Ii! -03
FND-008-03 File #: ..L.j I ~ By-law #:
,
Meeting:
Report #:
Subject:
TAX REDUCTIONS AND WRITE-OFFS FOR 2002
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report FND-008-03 be received for information.
Submitted by:
Reviewed by:
G~~
F mWu,
Chief Adminislrative Officer.
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REPORT NO.: FND-008-03
PAGE 2
BACKGROUND AND COMMENT:
Pursuant to Sections 441, 442 and 443, Chapter M.45 of the Municipal Act, R.S.O.1990, a list of
applications for cancellation, reduction or refund of taxes was presented to Committee for its
review and duly approved. The total written off under these sections for the year ending
December 31,2002 was $22,841.53, as compared to $20,996.72 for the year 2001. In addition
to these adjustments, the Municipality is required to process reductions due to Assessment
Review Board, Ontario Municipal Board and Court decisions. These write-offs, because they
are by court decision, are irreversible and final, and are therefore written off directly to the
account. During 2002, the Municipality's share amounted to $63,863.62 plus an additional
$17,495.70 for the Municipality's share of post-cut-off capping adjustments resuiting from these
court decisions. The amounts for 2001 were $242,221.15 in taxes written off and a recovery of
$77,456.04 in post-cut-off capping adjustments.
Under Section 442.5 of the Municipal Act, the taxpayer is permitted to apply for a rebate of
taxes paid on units held vacant in 2002. The cost to the Municipality for these rebates granted
in 2002 totalled $14,430.60.
Under Section 442.1 of the Municipal Act, the Municipality allows reduction in taxes to
registered charities. The cost to the Municipality for these rebates granted in 2002 tolalled
$493.69 compared to $381.04 in 2001.
The Municipality leases a number of properties that aliow for payment of property taxes as a
term of the lease. These taxes are written off annually totalling $36,667.46 in 2002 and
$35,552.03 in 2001.
The Municipality was able to recover the Regionai and Schooi Board share of the taxes written
off in previous years. This amounted to $6,827.27 in 2002 and $43,680.50 in 2001.
For the year ending December 31,2002, the total taxes written off amount to $148,965.33
compared to $178,014.40 for 2001.
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
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