The filed record
Write-off of Uncollectible Property Taxes from the Tax Roll
The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.
The decision
2019-07-16 · Toronto City Council · adopted
As filed
City Council on July 16, 17 and 18, 2019, adopted the following: 1. City Council deem the unpaid property taxes, including interest and penalties which have accrued on those unpaid taxes up to the time of the write-off, levied from 1998 to 2018 as uncollectible on the 88 receivables listed in Attachment 1 to the report (June 10, 2109) from the Controller and direct the Controller to remove these amounts from the tax roll.
On the agenda
As the city filed it
This report recommends the write-off of property taxes for 88 receivable amounts relating to 27 individual property tax accounts for the taxation years 1998 to 2018. The receivable amounts relate to property tax accounts that are no longer returned on the assessment roll, making collection efforts and recovery of outstanding amounts impossible. The total estimated amount to be written off is $1,856,352, consisting of taxes of $504,026 and interest/penalty of $1,352,326.
Show the rest of As the city filed it, 426 more characters as filed
All reasonable and appropriate collection efforts have been exhausted. It is recommended that the property taxes, interest, and fees that have accumulated over the period 1998 to 2018 be deemed uncollectible and written off. The write-off of these amounts will have no impact on the current year's budget, as these amounts have been previously provided for in the Allowance for Doubtful Tax Receivables Account in prior years.
Staff recommended
The Controller recommends that: 1. City Council deem the unpaid property taxes (including interest and penalties which have accrued on those unpaid taxes up to the time of the write-off) levied from 1998 to 2018 as uncollectible on the 88 receivables listed in Attachment 1 and direct the Controller to remove these amounts from the tax roll.
Considered
2019-06-24 · General Government and Licensing Committee · adopted
Decision as filed
The General Government and Licensing Committee recommends that: 1. City Council deem the unpaid property taxes, including interest and penalties which have accrued on those unpaid taxes up to the time of the write-off, levied from 1998 to 2018 as uncollectible on the 88 receivables listed in Attachment 1 to the report (June 10, 2109) from the Controller and direct the Controller to remove these amounts from the tax roll.
2019-07-16 · Toronto City Council · adopted
On the record
More from this meeting
- Overview of City-Wide Real EstateFiled record
- Annual Update on Ontario Municipal Employees Retirement System (OMERS) as it Relates to the City's Employer ContributionsFiled record
- Cancellation, Reduction, or Refund of Property Taxes - June 24, 2019 HearingFiled record
- Status of Outstanding Payment in Lieu of Tax Amounts for Federal, Provincial, and Municipal PropertiesFiled record
- 2018 Consulting Services Expenditures - City Divisions and Agencies and CorporationsFiled record
- Progress on the Mergers of the City of Toronto Pre-Ontario Municipal Employees Retirement System (OMERS) Pension Plans with OMERSFiled record