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Subsitutue 46-16 Levying taxes and fixing the rate of Property Taxation for the fiscal year ending December 31, 2017
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Subsitutue 46-16 Levying taxes and fixing the rate of Property Taxation for the fiscal year ending December 31, 2017
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120ON COUNTY -CITY BUILDING <br />227 W. JEFFERSON BLVD. <br />SOUTH BEND, INDIANA 46601 -1830 <br />O �G <br />E; "r <br />W PEACE � <br />x <br />1865 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />PHONE 574/ 235 -7678 <br />FAX 574/ 235 -9928 <br />DEPARTMENT OF ADMINISTRATION AND FINANCE <br />September 21, 2016 <br />Mr. Tim Scott <br />President, South Bend Common Council <br />4th Floor County -City Building <br />227 W. Jefferson Blvd. <br />South Bend, IN 46601 <br />Filed in Clerk's Office <br />SEP 2 12016 <br />KAREEMAH FOWLER <br />CITY CLERK, SOUTH BEND, IN <br />Re: Ordinance Levying taxes and fixing the rate of Property Taxation to meet City Expenses <br />for the fiscal year ending December 31, 2017 — Substitute Bill No. 46 -16 <br />Dear Council President Scott: <br />Attached herewith please find a substitute bill for consideration by the Common Council of the <br />City of South Bend fixing the property tax rate for the City of South Bend for the fiscal year <br />commencing January 1, 2017 and ending December 31, 2017. This tax rate will apply for <br />property tax assessments in fiscal 2016 with taxes payable in fiscal 2017. <br />Similar to prior years, this bill has been filed with estimated property tax rates. The final <br />property tax rates for each municipality in the State of Indiana are determined by the <br />Department of Local Government Finance (DLGF) as part of the "1782" budget review process <br />which, according to the state budget calendar, must be completed in February, 2016. The actual <br />property tax rates will depend on the 2016 /pay 2017 net assessed valuation of property in South <br />Bend. <br />This substitute bill was submitted for 111 reading filing with the Common Council for the council <br />meeting on August 22, 2016, 2nd reading and public hearing at the council meeting on <br />September 26, 2016, with 3 d reading and council vote at the council meeting on October 10, <br />2016. <br />I will be available to discuss this bill at the appropriate sessions of the Personnel and Finance <br />Committee and other meetings of the South Bend Common Council. <br />Respectfully submitted, <br />l�. <br />Joh H. Murphy <br />City Controller <br />o� y <br />c f <br />
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