HomeMy WebLinkAbout05 071 2005 Taxation by-law
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THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY-LAW
NO. 2005 - 071
A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED DURING
THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR 2005
WHEREAS Section 290 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended provides that a local municipality shall in each year prepare and adopt
a budget including estimates of all sums required during the year for the
purposes of the municipality;
AND WHEREAS Section 340 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, provides that the treasurer of a local municipality shall prepare a tax
roll for each year based on the last returned assessment roll for the year and that
the treasurer shall collect the taxes once the tax roll has been prepared;
AND WHEREAS Section 342 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, authorizes municipalities to pass by-laws providing for the payment of
taxes;
AND WHEREAS the Council for The Corporation of the Municipality of
Kincardine, in accordance with the Municipal Act, has considered the estimates
of all sums required by the municipality and it is necessary that the following
sums be raised by means of taxation for the year 2005:
General purpose ............................................ $
Sanitary Sewers ............................................
Slope Debenture .. ..........................................
County of Bruce . .........................................................
. School ..........................................................
Business Improvement Area
3,552,863
165,441
110,415
4,012,317
3,156,771
27,569
$11.025.316
AND WHEREAS the assessment roll made in 2004 and upon which the 2005
taxes are to be levied was finally revised by the Assessment Review Court;
AND WHEREAS the amount of assessment entitled to benefit, hereinafter
referred to as Residential, Multi-Residential, Commercial, Industrial, Farmlands
and Managed Forest are as follows:
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By-law No. 2005 - 071
2005 Taxation By-law
Residential.. .................................................................... $ 691,526,560
Multi-Residential ........................................................................... 9,189,060
Commercial occupied...... ....... ............. ......................... .............. ...54,691 ,660
Commercial vacant ........................................................................ 644,600
Industrial occupied.. .......................................................................5,219,440
Industrial vacant ............................................................................ 1,921,410
Farmlands.............. .......................... .......................... 165,902,600
Managed Forests.... .................. ................................... 1.038.625
Total taxable assessment ......................................................1930.133.955
NOW THEREFORE the Council of the Municipality of Kincardine ENACTS as
follows:
1. A. THAT the estimates be adopted and there shall be levied and collected
upon the assessable lands and buildings within the Corporation of the
Municipality of Kincardine the following rates for the year 2005:
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WARD 1
Assessment Tax Total Total
San.
Class ratios Municipal sewers Slope Deb. Municipal County School Tax Rate
Res. 1.00000 0.00431228 0.00039800 0.00026562 0.00497590 0.00486994 0.00296000 0.01280584
Multi-res. 1.23310 0.00531747 0.00049077 0.00032754 0.00613579 0.00600513 0.00296000 0.01510092
Com. acc. 1.23310 0.00531747 0.00049077 0.00032754 0.00613579 0.00600513 0.01521501 0.02735593
Com. vac. 0.86317 0.00372223 0.00034354 0.00022929 0.00429506 0.00420359 0.01065051 0.01914916
. ace. 1.74770 0.00753657 0.00069558 0.00046423 0.00869639 0.00851120 0.02295922 0.04016681
Ind. vac. 1.13600 0.00489875 0.00045213 0.00030175 0.00565263 0.00553228 0.01492349 0.02610840
Farmlands 0.25000 0.00107807 0.00009950 0.00006641 0.00124398 0.00121749 0.00074000 0.00320147
Mgd
Forests 0.25000 0.00107807 0.00009950 0.00006641 0.00124398 0.00121749 0.00074000 0.00320147
Total taxes
collected $1.792,533 $165,441 $110,415 $2,068,390 $2,024,342 $1.727,835 $5,820,567
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By-law No. 2005 - 071
2005 Taxation By-law
WARDS 2 and 3
Total
Tax
ratios Municipal County School Tax Rate
Residential 1.00000 0.00431228 0.00486994 0.00296000 0.01214222
Multi-residential 1.23310 0.00531747 0.00600513 0.00296000 0.01428260
Commercial ace. 1.23310 0.00531747 0.00600513 0.01521501 0.02653761
Commercial vacant 0.86317 0.00372223 0.00420359 0.01065051 0.01857633
Industrial ace. 1.74770 0.00753657 0.00851120 0.02295922 0.03900699
Industrial vacant 1.13600 0.00489875 0.00553228 0.01492349 0.02535452
Farmlands 0.25000 0.00107807 0.00121749 0.00074000 0.00303556
Managed Forests 0.25000 0.00107807 0.00121749 0.00074000 0.00303556
Total taxes
collected $1,760,330 $1,987,975 $1,428,936 $5,177,241
2. The tax rate for the Business Improvement Area shall be .00175235.
3. The dates for payment of taxes under this By-Law shall be as follows:
DUE DATE of 3rd installment
September 1 , 2005
DUE DATE of 4th installment
December 1, 2005
4.
A percentage charge of one and one-quarter (1.25%) shall be imposed as
a penalty for non-payment of and shall be added to every tax installment
or part thereof remaining unpaid on the first day following the last day of
payment of each such installment and thereafter an additional percentage
charge of one and one-quarter (1.25%) shall be imposed and shall be
added to every such tax installment or part thereof remaining unpaid on
the first day of each calendar month in which default continues up to and
including December of each year.
5. This By-law may be cited as the "2005 Taxation By-law".
READ a FIRST, SECOND and THIRD time and DEEMED TO BE PASSED this
18th day of May 2005.
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Mayor
,
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Clerk