Item - 2019.GL3.2

Tracking Status

This item was considered by General Government and Licensing Committee on April 1, 2019 and was adopted without amendment.

GL3.2 - Largest Property Tax Debtors with Tax Arrears Greater Than $500,000 as at December 31, 2018

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The General Government and Licensing Committee received the report (March 15, 2019) from the Controller for information.

Origin

(March 15, 2019) Report from the Controller

Summary

This report provides information on property tax accounts with outstanding receivables of $500,000 or more as at December 31, 2018, and reports on the total outstanding tax receivables as at December 31, 2018. The number of properties with outstanding receivable balances of $500,000 or more is 21, as compared to 27 reported as at December 31, 2017.

Background Information

(March 15, 2019) Report from the Controller on Largest Property Tax Debtors with Tax Arrears Greater Than $500,000 as at December 31, 2018
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-130837.pdf
Attachment 1 - Properties with Tax Arrears Greater Than $500,000 Owned by a Corporation as at December 31, 2018
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-130838.pdf
Attachment 2 - Properties Removed from the Largest Debtors List since the Last Report (April 2018)
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-130839.pdf
Attachment 3 - Summary of Tax Receivables as at December 31, 2018 (Unaudited) Compared to December 31 Tax Receivables for Years 2014-2017
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-130840.pdf

Motions

Motion to Adopt Item moved by Councillor Stephen Holyday (Carried)