Loading...
HomeMy WebLinkAboutKIN 88 041 Set Rates/Taxation . . THE CORPORATION OF THE TOWN OF KINCARDINE BY-LAW NO. 1988-41 BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR 1988. 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 1988: General Purpose..................................... $ 1,503,149 321,464 733,276 63,290 498,981 61,096 29,577 $ 3,210,833 County Rates ....................................... Elementary School (Public) ......................... Elementary School (Separate) ....................... Secondary School (public) .......................... secondary School (Separate) ........................ sanitary Sewers .................................... AND WHEREAS the Assessment Roll made in 1987 and upon which the 1988 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, is as follows: Residential and Farm Assessment .....................$106,423,760 Commercial, Industrial and Business Assessment ...... 25,943,770 THEREFORE, the Council of The Corporation of the Town of Kincardine ENACTS as follows: 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 1988: ... page 2 Page 2 By-Law 1988-41 Commercial & Residential & . Industr ial Farm P.S. s.s. P.S. s.s. Total GENERAL PURPOSE 12.913 12.913 10.976 10.976 $1,503,119 COUNTY RATE 2.762 2.762 2.347 2.347 321,433 PUBLIC ELEMENTARY 6.930 5.891 733,328 PUBLIC SECONDARY 4.716 4.008 498,955 SEPARATE ELEMENTARY 5.976 5.080 63,300 SEPARATE SECONDARY 5.768 4.903 61,095 SANITARY SEWERS .254 .254 .216 .216 29,577 27.575 27.673 23.438 23.522 $3.210,807 The dates for payment of taxes under this By-law shall be as follows: DUE DATE of 3rd instalment September 15, 1988 DUE DATE of 4th instalment November 15, 1988 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. READ a FIRST and SECOND time this 2nd day of June, 1988. ~ Mayor Deputy-Clerk READ a THIRD time and FINALLY PASSED this 2nd day ~f/.\l.!).~.(...1988. . ~ Mayor . ~~) Deputy"~Cler k. . . - -po·,:::: --,.......,,->'- ...-: ,- ~ .: '.;- '- fJ