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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 • •