Item - 2024.GG13.1
Tracking Status
- This item was considered by the General Government Committee on May 30, 2024 and adopted without amendment. It will be considered by City Council on June 26, 2024.
GG13.1 - Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2023
- Consideration Type:
- ACTION
- Wards:
- All
Confidential Attachment - The confidential attachment (Attachment 3) to this report identifies three (3) properties owned by individuals with tax arrears in excess of $500,000. The Municipal Freedom of Information and Protection of Privacy Act prevents the public disclosure of information that could identify an individual without their consent.
Committee Recommendations
The General Government Committee recommends that:
1. City Council direct that the confidential information contained in Confidential Attachment 3 to the report (May 15, 2024) from the Interim Controller remain confidential in its entirety.
Summary
This report provides information on property tax accounts with outstanding receivables of $500,000 or more as of December 31, 2023, and reports on the total outstanding tax receivables as at December 31, 2023. The total number of properties with outstanding receivable balances of $500,000 or more is 29, including 26 owned by corporations and 3 owned by individuals as mentioned above. When compared to what was reported as of June 30, 2023, the total number of properties with receivables of $500,000 or more has increased. Further information on prior years can be found in Table 2 of the report.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-245811.pdf
Revised Attachment 1 - Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2023
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-246262.pdf
Attachment 1 - Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2023
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-245812.pdf
Attachment 2 - Summary of Outstanding Tax Receivables as at December 31, 2023 (unaudited) Compared to December 31 Tax Receivables for Years 2019 - 2023
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-245813.pdf
Confidential Attachment 3
GG13.1 - Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2023
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Confidential Attachment - The confidential attachment (Attachment 3) to this report identifies three (3) properties owned by individuals with tax arrears in excess of $500,000. The Municipal Freedom of Information and Protection of Privacy Act prevents the public disclosure of information that could identify an individual without their consent.
Committee Recommendations
The General Government Committee recommends that:
1. City Council direct that the confidential information contained in Confidential Attachment 3 to the report (May 15, 2024) from the Interim Controller remain confidential in its entirety.
Origin
Summary
This report provides information on property tax accounts with outstanding receivables of $500,000 or more as of December 31, 2023, and reports on the total outstanding tax receivables as at December 31, 2023. The total number of properties with outstanding receivable balances of $500,000 or more is 29, including 26 owned by corporations and 3 owned by individuals as mentioned above. When compared to what was reported as of June 30, 2023, the total number of properties with receivables of $500,000 or more has increased. Further information on prior years can be found in Table 2 of the report.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-245811.pdf
Revised Attachment 1 - Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2023
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-246262.pdf
Attachment 1 - Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2023
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-245812.pdf
Attachment 2 - Summary of Outstanding Tax Receivables as at December 31, 2023 (unaudited) Compared to December 31 Tax Receivables for Years 2019 - 2023
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-245813.pdf
Confidential Attachment 3