HomeMy WebLinkAboutTIV 88 011A mill rates 1988
THE CORPORATION OF THE VILLAGE OF TIVERTON
BY-LAW NUMBER 1988 - II
A By-law to set the mill rate, rate of interest and
penalty and due dates for the Village of Tiverton
for the year 1988.
WHEREAS it is necessary and expedient that a by-law be passed setting the mill rate
rate of interest and penalty and due dates for the Village of Tiverton for the
year 1988.
NOW THEREFORE the Municipal Council for the Village of Tiverton enacts as follows:
.
That the rate of taxation to be levied and collected from all person or properties
appearing on the last revised assessment roll for 1988 be liable to such taxes
shall be at the following rates:
37.47 mills for Pub lie Residential and Farm
37.44 mills for Separate Residential and Farm
44.06 mills for Public Commercial and Business
44.05 mi lIs for Separate Commercial and Business
to be divided as follows:
Residential
Pub 1 ic
Residential
Separate
Commercial
Business
Pub 1 ic
Commercial
Business
Separate
General Purpose
15.96
15.96
18.77
18.77
County
4.32
4.32
5.08
5.08
Elementary Public 10.26
Elementary Separate
Secondary Pub lie 6.93
Secondary Separate
12.07
8.66
10.19
8.14
8.50
10.01
37.47
37.44
44.06
44.05
'I
I
2)
That the rate of penalty on overdue current taxes be levied at 1.25% per
month, 15% per annum. Penalty to start after the 1st due date of the
first installment.
3)
That the due dates for the payment of taxes be as follows:
1st interim installment due March 15th 1988.
2nd installment due July 15th 1988
.
3rd installment due November 15th 1988.
READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED, SIGNED AND SEALED THIS
;,1-t£
DAY OF
MAY 1988.
JiM~
Reeve·' .
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oYerk
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