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HomeMy WebLinkAboutKIN 80 4286 Mill Rates 1980 THE CORPORATION OF THE TOÑN OF KINCARDINE BY-LAW NO. 42R6 Being a By-law to adopt the estimates of all sums required during the year to strike the rates of taxation for the year 1980. 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 1980. . . General Purpose ...................... $ County Rates ......................... $ Elementary School.................... $ Secondary School..................... $ Sewers ............................... $ Separate School ............_......... $ 835,$43. 156,250. 289,680. 308,607. 37,748. 32,997. AND WHEREAS the Assessment Roll made in 1979 and upon which the 1980 taxes are to be levied was finally revised by the Assessment Review Court. AND WHEREAS the amount of Assessment, entitled to benefit herein- after referred to as Residential and Farm, and the amount of Assessment not entitled to benefit, hereinafter referred to as business from Unconditional Grants in accordance with Sections 302 and 307 of the Municipal Act, is as follows: . Assessment entitled to benefit ....... $ Assessment not entitled to benefit ... $ 41,206,285 9,506,925 AND WHEREAS the amount of Unconditional Grants results in a reduction of 5.50 mills on the Assessment to benefit. 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 business within the Corporation of the Town of Kincardine the following rates for the year 1980: P.s. S.S. Commerciãr& Industrial . P.S. S.S. ResidentI"ãl & Farm Total General Purpose . . . . . . . . . . . . . 1$.77 18.77 15.95 15 .95 835,684. County Rates . . . . . . . . . . . . . . . . 3.38 3.38 2.87 2.87 150,395. Elementary School . . . . . . . . . . . 6.88 5.85 278,477. Secondary School ............ 6.71 6.71 5.70 5.70 298,847. Sanitary Sewers . . . . . . . . . . . . . .35 .35 _ .72 . 72t"o 37,743. , 1};" Separate School ............. 8.00 6.80 32,410. The dates for payment of taxes under this Due date of 3rd installment: Due date of 4th installment: By-law shall be as follows: September 15th November 17th -2- . In default of payment of any installment of taxes or any part thereof by the day named therein for the payment thereof, the remaining installment or installments shall forthwith become payable. A percentage charge of one and one quarter per cent (lt~) 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 charge of one and one quarter per cent (lt~) 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. READ a FIRST and SECOND time this 5th day of June , 19$0. -' . h4 :7 ð-d- ~ ~or ' -~> ~~~ /C erk - READ a THIRD time and FINALLY PASSED this 5th day of JUne , 1980. u/~ Fyor . / ~h1~ er - 1980 MILL RATE Commercial/Industrial Residential/Farm P.S. S.S. P.S. S.S. General Purpose 18.77 18.77 15.95 15.95 County 3.3$ 3.38 2.87 2.87 Elementary 6.88 5.85 . Secondary 6.71 6.71 5.70 5.70 Sewers .35 ,85 .72 .72 Separate 8.00 6.80 36.59 37.71 31.09 32.04 . NOTE: During 1973 Bills 154 and 16$ were passed by the Legislature. These two bills materially affect the calculations of 1979 mill rates for municipalities. Under Bill 154, Section 6 and Bill 16$, Section 4(12) and 5(11) a municipality is required to allocate a portion of its Resource Equalization grant, telephone gross receipts, and payments with respect to hospitals, correctional institutions, universities and community colleges to the county or region and/or school boards in setting its 1980 mill' rates.