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HomeMy WebLinkAboutKIN 97 025 Taxation Bylaw 1997 e e e . THE CORPORATION OF THE TOWN OF KINCARDINE 4~04:t /o~;r ~ð~ ..~......... ~ '~f'~" J ¿..~.~ BY-LAW BY-LAW NO. 1997-25 A BY - LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR 1997. WHEREAS the Council for The Corporation of the Town Kincardine in accordance with the Municipal Act, considered estimates of the Municipality and of the boards of Municipality and it is necessary that the following sums raised by means of taxation for the year 1997: of the the be General Purpose $ 2,340,638 ............................. . County of Bruce ............................. . 547,138 Public School ................................ 2,496,514 Separate School ............................. . 353,875 Sanitary Sewers ............................. . 36.931 S 5.775.096 AND WHEREAS the Assessment Roll made in 1996 and upon which the 1997 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 and Farm, and the amount of assessment not entitled to benefit, hereinafter referred to as Business in accordance with Section 157 and 162 of the Municipal Act, as follows: Residential and Farm Assessment ................ $ 75,016,760 Commercial, Industrial and Business Assessment.. 15,115,266 NOW THEREFORE the Council for The Corporation of the Town of Kincardine ENACTS as follows: 1. THAT the estimates be adopted and there shall be levied and collected upon the assessable lands, buildings and businesses within The Corporation of the Town of Kincardine the following rates for the year 1997: ... /2 Page 2 1997 Taxation By-law No. 1997-25 - Commercial & Industrial P.S. S.S. Residential & Farm P.S. S.S. Total GENERAL PURPOSE 29.674 29.674 25.223 25.223 2,340,638 COUNTY RATE 6.936 6.936 5.896 5.896 547,138 PUBLIC SCHOOL 35.830 30.456 2,496,514 SEPARATE SCHOOL 38.449 32.682 353,875 SANITARY SEWERS .468 .468 .398 .398 36,931 e 72 . 908 75.527 61.973 64.199 $5.775.096 2. The dates for payment of taxes under this By-law shall be as follows: DUE DATE of 4th Instalment June 16th, 1997 DUE DATE of 5th Instalment August 15th, 1997 DUE DATE of 6th Instalment September 15th, 1997 3. 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 instalment or part thereof remaining unpaid on the first day following the last day of payment of each such instalment and thereafter an additional percentage charge of one and one-quarter (1.25%) shall be imposed and shall be added to every such tax instalment 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. e 4. This By-law may be cited as the "1997 Taxation By-law". READ a FIRST and SECOND time this 8th day of May, 1997. READ a THIRD time and FINALLY PASSED this 8th day of May, 1997. ~~~ Mayor ~ Clerk \ e .~