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l l ‘. wartautoo CHRQNICLE . Wednesday. December. 21.2011 - 7. 5 Uptown BIA budget impacted by MPAC’s late tax assessments BY PAIGE DESMOND issued to property owners. assessment appeals. in tax cash because of late million in assessment cash put on ' 7 .-... “In"m’h’Mufl that levy Is then paid by busiv Brooks said the number was MPAC assessments. the books this year at the munici- ‘ nesses to the property owner. typical. though there had been According to information pal level, 45 per cent of that was s the t‘il_\ awaits word from But. it the property owner instances when the BIA was able obtained by the Chronicle. in one assessment from prior years. At all -‘ the Municipal Property chose to appeal the assessment, to reduce its contingency. while 2007 instance. the city lost nearly levels of government the amount Assessment Corporation on the BIA has waited up to three there were others when the BIA $20,000 due to a late assessment would be about $5 million. improvmg late [as assessments. years for the result ofthe appeal W budgeted much higher on an addition to the Destination llettinga said the city had yet to the Uptown BIA played the guess- affecting either an additional levy “It's typical.” Brooks said. “It's 1 Inn. ' receivea response from MPAC. . ing game on how appeals would to businesses or a lesserone. been higher." Council voted unanimously Brooks said the BIA would cone 1 impact its budget. Brooks said the BIA commits a In 20l I. the number peaked at last month to request MPAC pro- tinue to budget for assessment 1‘ Patti Brooks. executive director substantial arnottnt of cash in its about $l20,000. vide data on lost tax assessment issues, while keeping its budget in j of the Uptown BIA. said the board budget to address the assessment "We did that because the year during the past five years. As part line with the economic times. 1 had to plan for assessment issues. issues. never knowing what previous we just got whacked with of the motion, the request would This year it cut about $400,000 I “It happened to us so often that amount would actually be needed. appeals." Brooks said. be forwarded to the Association of from its 201 I budget of $1.2 mil- 1 we budget accordingly." she said. “It's a bit of a crap shoot. Issues with MPAC were first Municipalities of Ontario (AMO) lion. . The Uptown BIA is almost frankly," Brooks said detailed by the Chronicle in and copied to all Ontario munici- “We're very happy and proud I entirer funded by a levy on bust» In its 2012 budget. approved by November. palities. that we were able to reduce the j nesses, calculated based on deity city council last week. $l00,000 It was uncovered that the city The city's acting chief financial levy on our businesses to that ' determined assessment value was budgeted to deal with was losing thousands officer Tim Hettinga said of the 52 degree,“ Brooks said. I l 7 , 7 , N . . â€" a e s f 0 ° é :- W ' . s ' I. ’ .1 Waterloo North H dro Inc. 1 » 3 0° . y a.“ . , r o ‘ o ‘ , ’ : SAVE th r0 ghout O1 1 i II",“KIDwilflfflimfl‘hmwmmhluvwsu l ' l 2 l 7’0 ; w»wwa / Earn up to 5 ~ . . o w i on energy-effluent products for your home. m 155011111 MII.ES 1 . reward miles" J a wi’ ‘ 2 i .â€" ' 2011 OUTLANDER E8 1 $29,199‘Att1wut.» i ”1’ ! Int DON; my MM“. m ‘68»v . 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