Order to abate certain Personal Property Tax accounts.
The auditors recommend that every year the Town review its list of personal property taxes receivable and write-off any uncollectible tax accounts, in order to keep the Townâ€™s books current. This should be done every year prior to the closing of the Townâ€™s books on June 30. State statutes provide that the Town Council may write off personal property tax accounts that are â€śtoo small or too burdensome to collect economically.â€ť We are recommending that several outstanding personal property tax accounts be abated as uncollectible. A complete listing of the accounts is attached.