HomeMy Public PortalAbout056-2013 - shortfall appealORDINANCE NO.56-2013
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 2012
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 2011 in the estimated amount of $258,356.00
NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of
Richmond, Indiana, as follows:
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
for 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,Av day of 2013, by the Common Council of the City
of Richmond, Indiana.
President
A'
(Karen
PRESENTED to the Mayor of the City of Richmond, Indiana, this 1-f- day of
2013, at 9:00 a.m.
(Karen Chasteen)
AP OVED by me, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this .,� day of
2013, at 9:05 a.m.
Mayor
arah L. Hutton)
ATTES4�-X�
(Karen Chasteen)