HomeMy WebLinkAbout10 057 2010 Taxation By-Law•
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THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY -LAW
NO. 2010 — 057
BEING A BY -LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED
DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR
2010
WHEREAS Section 290 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended provides that a local municipality shall in the year or the immediately
preceding year, prepare and adopt a budget including estimates of all sums
required during the year for the purposes of the municipality;
AND WHEREAS Section 340 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, provides that the treasurer of a local municipality shall prepare a tax
roll for each year based on the last returned assessment roll for the year and that
the treasurer shall collect the taxes once the tax roll has been prepared;
AND WHEREAS Section 342 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, authorizes municipalities to pass by -laws providing for the payment of
taxes;
AND WHEREAS the amount of assessment entitled to benefit hereinafter
referred to as Residential, Multi- Residential, Commercial, Industrial, Farm and
Managed Forest are as follows:
Residential $ 1,022,390,449
Multi- residential 10,907,405
Commercial — Occupied 183,850,363
Commercial — Vacant 5,829,206
Industrial — Occupied 85,664,250
Industrial- Vacant 4,390,450
Farm 211,248,477
Managed Forest 1,110,102
Total Taxable Assessment $1.525.390.702
Total Taxable Assessment for purpose of the BIA Levy $20.062.181
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AND WHEREAS the amounts to be raised are as follows:
Municipality of Kincardine
County of Bruce
Bluewater District School Board
Bruce Grey Separate School Board
Conseil scolaire de district des ecoles Catholique
du Sud -Ouest
Conseil scolaire de district du Centre Sud -Ouest
Education Tax shared as PIL, retained by Kincardine
Total Taxes to be Raised
BIA Total Taxes to be Raised
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2010 Taxation By -law
By -law No. 2010 - 057
$ 6,080,867.69
6,215,964.00
3, 519, 549.72
415,938.03
10,923.31
3,793.71
2,799,836.94
$19.046.873.40
$40.905.00
NOW THEREFORE the Council of The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. THAT there shall be levied and collected upon the assessable lands and
buildings within The Corporation of the Municipality of Kincardine the
following rates for the year 2010:
2010
Tax Total
ratios General Healthcare Municipal County School Tax Rate
Res. 1.00000 0.00365811 0.00047059 0.00412870 0.00422042 0.00241000 0.01075912
Multi -res. 1.00000 0.00365811 0.00047059 0.00412870 0.00422042 0.00241000 0.01075912
Com. occ. 1.23310 0.00451082 0.00058029 0.00509110 0.00520420 0.01279424 0.02308954
Com. vac. 0.86317 0.00315757 0.00040620 0.00356377 0.00364294 0.00895597 0.01616268
Ind. occ. 1.74770 0.00639328 0.00082245 0.00721574 0.00737603 0.02020006 0.03479182
Ind. new con 1.74770 0.00639328 0.00082245 0.00721574 0.00737603 0.01430000 0.02889176
•ac. 1.13600 0.00415561 0.00053459 0.00469021 0.00479442 0.01313004
Farmlands 0.25000 0.00091453 0.00011765 0.00103218 0.00105511 0.00060250 0.00268978
Mgd Forests 0.25000 0.00091453 0.00011765 0.00103218 0.00105511 0.00060250
2. The tax rate for the Business Improvement Area shall be 0.00203891
3. The dates for payment of taxes under this By -law shall be as follows:
DUE DATE of 3rd installment September 1, 2010
DUE DATE of 4 th installment December 1, 2010
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0.02261467
0.00268978
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4. 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 installment
or part thereof remaining unpaid on the first day following the last day of
payment of each such installment and thereafter an additional percentage
charge of one and one - quarter (1.25 %) shall be imposed and shall be
added to every such tax installment 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.
5. This By -law may be cited as the "2010 Taxation By -law ".
READ a FIRST and SECOND time this 5 day of May, 2010.
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2010 Taxation By -law
By -law No. 2010 - 057
Clerk
READ a THIRD time and FINALLY PASSED this 5 day of May, 2010.
Clerk