HomeMy Public PortalAbout053-2005 - Shortfall appealORDINANCE NO. 53-2005
AN ORDINANCE TO PETITION FOR A SHORTFALL APPEAL DUE TO ERRONEOUS ASSESSED VALUE
WHEREAS, the City of Richmond experienced a property tax revenue shortfall in 2004 from erroneous assessed valuation figures provided to the city; and
WHEREAS, the erroneous assessed valuation figures were used by the city in determining its total property tax rate; and
WHEREAS, the error in the assessed valuation figures was found after the city’s property tax levy resulting from that total rate was finally approved by the department of local government
finance;
WHEREAS, the property tax shortfall has occurred due to erroneous assessed valuation for the taxing year 2004 in the estimated amount of $400,000.00.
NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of Richmond, Indiana, as follows:
Section 1. APPROVAL OF APPEAL
BE IT RESOLVED that the Common Council approves the City of Richmond’s appeal to the Local Government Tax Control Board and Department of Local Government Finance from a property tax
shortfall, due to erroneous assessed valuation, pursuant to IC 6-1.1-18.5-16. This appeal shall be filed with the Department of Local Government Finance office in Indianapolis.
SECTION 2. EFFECTIVE DATE
This ordinance shall be in full force and effect from and after its adoption by the City Council and signing by the Mayor.
Passed and adopted this 6th __ day of September __ 2005 by the Common Council of the City of Richmond, Indiana.
S/S Bruce Wissel___________, President
(Bruce Wissel)
ATTEST: S/S Karen Chasteen________, City Clerk
(Karen Chasteen)
PRESENTED to the Mayor of the City of Richmond, Indiana, this _7th_ day of _September____, 2005, at 9:00 a.m.
_S/S Karen Chasteen_______, City Clerk
(Karen Chasteen)
APPROVED by me, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this _7th_ day of September_____, 2005, at 9:05 a.m.
S/S Sarah L. Hutton___________, Mayor
(Sarah L. Hutton)
ATTEST: _S/S Karen Chasteen____, City Clerk
(Karen Chasteen)