HomeMy WebLinkAboutKIN 92 043 Taxation - 1992
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THE CORPORATION OF THE TOWN OF KINCARDINE
BY-LAW
BY-LAW NO. 1992-43
A BY-LAW TO AOOPT TBE ESTIMATES OF ALL SUMS REQUIRED DURING
THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR 1992.
WHEREAS the Council for The Corporation of the town of
Kincardine in accordance with the Municipal Act, considered the
estimates of the Municipality and of the boards of the
Municipality and it is necessary that the following sums be
raised by means of taxation for the year 1992:
General Purpose
................... ...........
$ 2,310,951
County of Bruce
............................. .
515,102
1,346,968
160,445
877,456
93,638
34.766
$ 5.339.326
Elementary School (Public) ...................
Elementary School (Separate) .................
Secondary School (Public) ....................
secondary School (Separate) ..................
Sanitary Sewers ..............................
AND WHEREAS the Assessment Roll made in 1991 and upon
which the 1992 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 ................. $120,837,195
Commercial, Industrial and Business Assessment ..
30,850,300
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 1992:
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1992 Taxation By-law No. 1992-43
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Commercial &
Industrial
P.S. S.S.
Residential &
Farm
P.S. S.S.
Total
GENERAL
PURPOSE
SANITARY
SEWERS
.254
.254
.216
14.356 $2,310,929
3.200 515,126
1,347,059
877 , 508
10.165 160,449
5.932 93,634
.216 34,766
COUNTY RATE
16.889 16.889 14.356
3.765 3.765 3.200
10.915 9.278
7.110 6.044
11. 959
PUBLIC
ELEMENTARY
PUBLIC
SECONDARY
SEPARATE
ELEMENTARY
SEPARATE
SECONDARY
6.979
38.933
39.846
33.094
33.869
$5.339.471
2. The dates for payment of taxes under this By-law shall be
as follows:
DUE DATE of 3rd Instalment
September 15, 1992
DUE DATE of 4th Instalment
November 16, 1992
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.
4. This By-law may be cited as the "1992 Taxation By-law".
READ a FIRST and SECOND time this 18th day of June, 1992.
READ a TBIRD time and FINALLY PASSED this 18th day of June,
1992.
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