HomeMy WebLinkAbout23 039 2023 Taxation By-lawTHE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY-LAW
NO. 2023 – 039
Being a By-law for the Adoption of the Rates of Taxation and
to Further Provide for Penalty and Interest in Default of
Payment Thereof for the Year 2023
Whereas Section 290 of the Municipal Act, 2001, S.O. 2001, c. 25, as amended provides
that a local municipality shall in the year or the immediately preceding year, prepare and
adopt a budget including estimates of all sums required during the year for the purposes
of the municipality; and
Whereas Section 312 of the Municipal Act, 2001, S.O. 2001, c. 25, as amended, provides
that for purposes of raising the general local municipality levy, a local municipality shall,
each year, pass a By-law levying a separate tax rate, as specified in the By-law, on the
assessment in each property class in the local municipality rateable for local municipal
purposes; 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 Section 398 of the Municipal Act, 2001, S.O. 2001, c. 25, as amended, provides
that fees and charges imposed by the municipality, upper-tier municipality or local board
may be added to the tax roll and collected in the same manner as municipal taxes; and
Whereas the Education Act, R.S.O. 1990, Ch. E.2, provides that Section 257.7(1) subject
to the regulations, the following shall in each year levy and collect the tax rates prescribed
under section 257.12 for school purposes on the property indicated; and
Whereas Section 3 of the Corporation of the County of Bruce By-Law Number 2023-015,
a By-law to adopt estimates, tax ratios and tax rates for the year 2023 establishes tax
ratios for all municipalities within the County of Bruce for the year 2023; and
Whereas the amount of assessment entitled to benefit hereinafter referred to as
Residential, Multi-Residential, Commercial, Industrial, Farm and Managed Forest are as
follows:
Residential 1,668,723,944
Multi-residential 27,671,700
Commercial - Occupied 268,251,013
Commercial - Vacant 3,825,577
Industrial - Occupied 101,744,320
Industrial - Vacant 5,649,055
Farm 603,908,600
Managed Forest 5,244,000
Total Taxable Assessment $ 2,685,018,209
Total Taxable Assessment for Purposes of the
BIA Levy $ 24,544,073
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2023 Taxation By-law
By-law No. 2023 - 039
Whereas the amounts to be raised are as follows:
Municipality of Kincardine 19,468,558
County of Bruce 11,212,697
School Boards 4,340,794
Education Tax shared as PIL, retained by Kincardine 2,231,743
Total Taxes to be Raised $ 37,253,792
BIA Total Taxes to be Raised $ 78,950
Now Therefore the Council of The Corporation of the Municipality of Kincardine Enacts
as follows:
1. That 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 2023:
Code Class Municipal County School
Total Tax
Rate
RT Residential 0.00820810 0.00472736 0.00153000 0.01446546
R1
Farmland Awaiting
Development 0.00615608 0.00354552 0.00114750 0.01084910
MT Multi-Residential 0.00820810 0.00472736 0.00153000 0.01446546
NT Multi-Residential - New 0.00820810 0.00472736 0.00153000 0.01446546
CT Commercial Occupied 0.01012141 0.00582931 0.00880000 0.02475072
XT Commercial - New 0.01012141 0.00582931 0.00880000 0.02475072
CX Commercial Vacant 0.01012141 0.00582931 0.00880000 0.02475072
CU Commercial Excess Land 0.01012141 0.00582931 0.00880000 0.02475072
C7
Commercial - Small Scale
On-Farm 0.01012141 0.00582931 0.00220000 0.01815072
IT Industrial Occupied 0.01434530 0.00826201 0.00880000 0.03140730
JT Industrial - New 0.01434530 0.00826201 0.00880000 0.03140730
IX Industrial Vacant 0.01434530 0.00826201 0.00880000 0.03140730
IU Industrial Excess Land 0.01434530 0.00826201 0.00880000 0.03140730
I7
Industrial - Small Scale on
Farm 0.01434530 0.00826201 0.00220000 0.02480730
PT Pipelines 0.00834271 0.00480489 0.00880000 0.02273480
FT Farmlands 0.00205203 0.00118184 0.00038250 0.00361637
TT Managed Forests 0.00205203 0.00118184 0.00038250 0.00361637
HF Landfill 0.01004626 0.00578603 0.00980000 0.02563229
RH Residential Shared PIL 0.00820810 0.00472736 0.00153000 0.01446546
RGN Residential PIL: General 0.00820810 0.00472736 0.01293546
CF Commercial PIL: Full 0.01012141 0.00582931 0.00980000 0.02575072
CG Commercial PIL: General 0.01012141 0.00582931 0.01595072
CH Commercial: Shared PIL 0.01012141 0.00582931 0.00980000 0.02575072
IH Industrial: Shared PIL 0.01434530 0.00826201 0.01250000 0.03510730
IJ
Industrial: Vacant Land,
Shared PIL 0.01434530 0.00826201 0.01250000 0.03510730
2. The tax rate for the Business Improvement Area shall be 0.00321666.
3. That the amount of taxes levied pursuant to the By-law on each assessment shall
be reduced by the amount of the Interim levy for 2023 and the balance shall be
divided into two amounts. The first instalment shall be due and payable on or
before the 1st of September 2023 and the second instalment shall be due and
payable on or before the 1st of December 2023. If not paid on or before the due
dates penalty shall be added.
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2023 Taxation By-law
By-law No. 2023 - 039
4. That penalty will be charged after the dates named for payment at the rate of one
and one-quarter percent (1.25%) on the first day of default and on the first day of
each calendar month until December 31st, 2023. Statutory interest of one and one-
quarter percent (1.25%) per month will be charged on all unpaid taxes after
January 1st, 2023, in addition to the above penalty.
5. That the Tax Collector of the Municipality of Kincardine shall make out all tax
notices for the payment of the said taxes and shall deliver or mail each tax notice
to the address of each taxpayer at the last known address recorded in the last
revised Assessment Rolls for the Municipality of Kincardine no later than 21 days
prior to the first instalment of the tax bill.
6. That the Tax Collector shall proceed to collect the amount to be raised by this By-
law, together with all other sums on the Tax Roll in the manner as set forth in the
Assessment Act and the Municipal Act and all other By-laws in force in this
municipality.
7. This this By-law shall come into force and take effect on the final passing thereof.
8. That this By-law may be cited as the “2023 Taxation By-law”.
Read a First and Second Time this 20th day of March, 2023.
Read a Third Time and Finally Passed this 20th day of March, 2023.
Mayor Clerk