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HomeMy WebLinkAboutKIN 90 036 Rates of Taxation . . THE CORPORATION OF THE TOWN OF KINCARDINE ~ ~~ ",!o~ '" ~_~'"f" I -:.~ " ~ n ,," -:;;;;;; ;"" 6 BY-LAW BY-LAW NO. 1990 - 36 A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR 1990. WHEREAS the Council of 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 1990: General Purpose $ 1,915,019 414,588 1,084,508 114,859 771,439 79,879 32,311 .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. County of Bruce ........................................................ .. Elementary School (Public) .................... Elementary School (Separate) .................. Secondary School (Public) ..................... Secondary School (Separate) ................... Sani tary Sewers .............................................................. $ 4,212,603 AND WHEREAS the Assessment Roll made in 1989 and upon which the 1990 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 ................... $115,724,840 Commercial, Industrial and Business Assessment .... 28,795,625 THEREFORE, the Council of The Corporation of the Town of Kincardine ENACTS as follows: ,I Page 2 1990 Taxation By-Law No. 1990 - 36 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 1990: Commercial & Industrial . P.s. S.S. GENERAL PURPOSE 15.060 15.060 COUN'l'Y RATE 3.260 3.260 PUBLIC ELEMENTARY 9.410 PUBLIC SECONDARY 6.693 SEPARATE ELEMENTARY 9.647 SEPARATE SECONDARY 6.709 SANITARY SEWERS .254 .254 34.677 34.930 Residential & Farm P.S. 5.5. Total 12.801 2.771 12.801 $1,915,056 2.771 414,547 7.999 1,084,508 5.689 771,439 8.200 114,859 5.703 79,879 .216 .216 32,311 29.476 29.691 $4,412,599 The dates for payment of taxes under this By-law shall be as follows: DUE DATE of 3rd Instalment September 17, 1990 DUE DATE of 4th Instalment November 15, 1990 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. This By-Law may be cited as the "1990 Taxation By-Law". READ a FIRST and SECOND time this 7th day of ~pP, ,qqJL. _....~- . ~/ Mayor ~ READ a THIRD TIME a FINAL . ..- .. iLl !l ()Þk, ,//= Mayor / ~ ~ '-- is 1990.