HomeMy WebLinkAboutKIN 97 025 Taxation Bylaw 1997
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THE CORPORATION OF THE TOWN OF KINCARDINE
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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:
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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.
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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.
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Mayor
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Clerk
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