HomeMy WebLinkAbout13 038 2013 Taxation By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
K - KB7,
• 041--" .r
BY -LAW
NO. 2013 — 038
BEING A BY -LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED
DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR
2013
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 $ 1,267,805,133
• Multi- residential 13,134,798
Commercial — Occupied 204,172,780
Commercial — Vacant 5,059,115
Industrial — Occupied 87,139,730
Industrial- Vacant 4,705,300
Farm 261,508,669
Managed Forest 1,631,675
Total Taxable Assessment $1,845,157,200
Total Taxable Assessment for purpose of the BIA Levy 521,583,455
411 .../2
Page 2
2013 Taxation By -law
By -law No. 2013 - 038
AND WHEREAS the amounts to be raised are as follows:
• Municipality of Kincardine $ 8,567,953
County of Bruce 6,826,643
Bluewater District School Board 3,677,186
Bruce Grey Separate School Board 436,169
Conseil scolaire de district des ecoles Catholique
Du Sud-Ouest 15,272
Conseil scolaire de district du Centre Sud -Ouest 4,295
Education Tax shared as PIL, retained by Kincardine 2,538.698
Total Taxes to be Raised 522,066,216
BIA Total Taxes to be Raised 550,000
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 2013:
Bru a Total Tax
Tax Ratiq General Healthcare Municipal Municipal County School Rate
Divi nd
Res. 1.00000000 0.00506640 0.00025480 - 0.00045442 0.00486678 0.00387768 0.00212000 0.01086446
Multi -res. 1.00000000 0.00506640 0.00025480 - 0.00045442 0.00486678 0.00387768 0.00212000 0.01086446
Com. occ. 1.23310000 0.00624738 0.00031419 - 0.00056034 0.00600123 0.00478157 0.01164178 0.02242458
Corn - New 1.23310000 0.00624738 0.00031419 - 0.00056034 0.00600123 0.00478157 0.01164178 - 0.02242458
Com. Vac. 0.86317000 0.00437317 0.00021993 - 0.00039224 0.00420086 0.00334710 0.00814925 0.01569721
Com Vac- 0.86317000 0.00437317 0.00021993 -0.00039224 0.00420086 0.00334710 0.00814925 0.01569721
• New
Ind. occ. 1.74770000 0.00885455 0.00044531 - 0.00079418 0.00850568 0.00677702 0.01590000 0.03118269
Ind - New 1.74770000 0.00885455 0.00044531 - 0.00079418 0.00850568 0.00677702 0.01260000 0.02788269
Ind. vac. 1.13600000 0.00515546 0.00028945 - 0.00051622 0.00552669 0.00440506 0.01033500 0.02026875
Ind. Vac- 1.13600000 0.00575546 0.00028945 -0.00051622 0.00552869 0.00440506 0.01033500 0.02026875
New
Farmlands 0.25000000 0.00126660 0.00006370 - 0.00011360 0.00121670 0.00096942 0.00053000 0.00271612
Mgd Forests 0.25000000 0.00126660 0.00006370 - 0.00011360 0.00121670 0.00096942 0.00053000 0.00271612
2. The tax rate for the Business Improvement Area shall be 0.00231659.
3. The dates for payment of taxes under this By -law shall be as follows:
• DUE DATE of 3 installment September 3, 2013
DUE DATE of 4 installment December 2, 2013
Page 3
2013 Taxation By -law
By -law No. 2013 - 038
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 "2013 Taxation By -law ".
READ a FIRST and SECOND time this 10 day of April, 2013.
Mayor .1- Clerk
READ a THIRD time and FINALLY PASSED this 10 day of April, 2013.
ayor 1p( Clerk
•
•