Summary: |
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 Town’s books current. This should be done every year prior to the closing of the Town’s books on June 30. State statutes provide that the Town Council may write off personal property tax accounts that are “too small or too burdensome to collect economically.” We are recommending that several outstanding personal property tax accounts be abated as uncollectible. A complete listing of the accounts is attached. |
