Item - 2018.GM29.7

The Government Management Committee recommends that:

1.  City Council deem the unpaid property taxes levied in all years (including interest and penalties which have accrued on those unpaid taxes up to the time of write-off) on the 198 receivables listed in Attachment 1 to the report (June 18, 2018) from the Treasurer, as uncollectible and direct the Treasurer to remove these amounts from the tax roll.

This report recommends the write-off of property taxes for 198 receivable amounts relating to 98 individual property tax accounts for the taxation years 1988 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 $446,928.  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 1988 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.