HomeMy WebLinkAboutKIN 88 041 Set Rates/Taxation
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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:
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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.
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Mayor
Deputy-Clerk
READ a THIRD time and FINALLY PASSED this
2nd day ~f/.\l.!).~.(...1988.
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Mayor
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Deputy"~Cler k.
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