HomeMy Public PortalAbout094-2004 - Shortfall OrdinanceAMENDED ORDINANCE NO. 94-2004
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 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; and
WHEREAS the property tax shortfall has occurred due to erroneous assessed valuation
for the taxing year 2004 in the estimated amount of $1,500,000.00.
NOW THEREFORE be it ordained 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, Indiana. The final approved figure is to be determined by a vote of
the City of Richmond Common Council prior to the appeal hearing before the Local
Government Tax Control Board.
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 20th _ day of December 2004 by the Common Council of
the City of Richmond, Indiana.
S/S Larry Parker President
(Larry Parker)
ATTEST: S/S Karen Chasteen City Clerk
(Karen Chasteen)
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PRESENTED to the Mayor of the City of Richmond, Indiana, this 21st day of
December , 2004, 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
21st day of December , 2004, at 9:05 a.m.
S/S Sarah L. Hutton Mayor
(Sarah L. Hutton)
ATTEST: S/S Karen Chasteen City Clerk
(Karen Chasteen)
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