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Subject: The Common Council referred the item back to the Finance & Personnel Committee on 9-20-11 being a communication from the Finance Director wishing to appear before the Finance & Personnel Committee to discuss changing Section 90-26 of the City of Racine Municipal Code relating to due dates on installment tax payments. (Ordinance No. 10-11)
Recommendation of the Finance and Personnel Committee on 9-12-11: That an ordinance be adopted changing Municipal Code Sec. 90-26 and 90-27 to reduce property tax installments to 2 payments effective with 2012 tax roll being collected in 2013 as follows:
Recommendation of the Finance and Personnel Committee on 9-26-11: The item be deferred pending further analysis of two options discussed with the Committee and for any other options suggested be submitted in writing by Aldermen. Further recommends that the appropriate authorities review these options.
Recommendation of the Finance & Personnel Committee on 10-10-11: The item be deferred to give staff time to contact Racine County.
Recommendation of the Finance & Personnel Committee on 10-24-11: That an ordinance be adopted changing Municipal Code Sec. 90-26 and 90-27 to reduce property tax installments to 2 payments effective with 2012 tax roll being collected in 2013 as follows in order to improve internal efficiency and to provide a platform for County integration.
Sec. 90-26. Due date; installment tax payments.
All taxes upon real estate in the city due and payable on or before July 31, 2012 shall be paid on or before January 31 of each year, except that where the tax on a particular parcel amounts to $100.00 or more, it may be paid in four equal installments, each of which shall become successively due and payable on or before January 31, March 31, May 31 and July 31. On any installment date, the taxpayer may pay the balance of the tax due.
Effective for all payments upon real estate taxes due on or after August 1, 2012, all All taxes upon real esta...
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