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HomeMy WebLinkAboutKIN 91 043 Rates of Taxation . . THE CORPORA TrON OF THE TOWN OF KINCARDINE BY-LAW BY-LAW NO. 1991-43 A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR 1991. 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 1991: General Purpose $ 2,190,537 .... .......................... County of Bruce ........... ................... 497,230 1,224,795 139,002 881,902 93,394 33.937 S 5.060.797 Elementary School (Public) ................... Elementary School (Separate) ................. Secondary School (Public) .................... Secondary School (separate) .................. Sanitary Sewers .............................. AND WHEREAS the Assessment Roll made in 1990 and upon which the 1991 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 158 and 164 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 1991: ., ./2 Page 2 1991 Taxation By-law No. 1991-43 . Commercial & Industrial P.S. S.S. Residential & Farm P.S. S.S. GENERAL PURPOSE 16.401 16.401 13.941 3.723 3.723 3.165 10.148 8.626 7.307 6.211 10.803 7.258 COUNTY RATE PUBLIC ELEMENTARY PUBLIC SECONDARY SEPARATE ELEMENTARY SEPARATE SECONDARY SANITARY SEWERS .254 .216 .254 37.833 38.439 32.159 Total 13.941 $2,190,567 3.165 497,306 1,224,830 881,921 9.183 139,012 6.169 93,386 .216 33,937 32.674 $5.060.959 2. The dates for payment of taxes under this By-law shall be as follows: DUE DATE of 3rd Instalment September 16, 1991 DUE DATE of 4th Instalment November 15, 1991 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 "1991 Taxation By-law". READ a FIRST and SECOND time this 23rd day of May, 1991. . drui/J/ J Jf:tk'1G Mayor «?i.?~ READ a THIRD time and FINALLY PASSED this 23rd day of May, 1991. dmcJ/ á \ 9;;k.ó Mayor - - - ---::::-~ <..c: