HomeMy WebLinkAboutTIV 88 002 re interim tax . . THE CORPORATION OF THE VILLAGE OF TIVERTON By-law Number 1988-2 Being a by-law to authorize a levy prior to the adoption of the annual estimates. WHEREAS section 159 of the Municipal Act, R.S.O. 1980, provides that I the council of every local municipality may, prior to the adoption of the estimates, levy on the whole assessment for real property and I ,I business assessment a sum not exceeding 50 percent of that which would:1 be produced by applying to such assessment the total rate for all Ii purposes levied in the preceding year on the residential real property and business assessment of public supporters; ¡I II ! I AND WHEREAS section 159 of the Municipal Act, R.S.O. 1980 provides that the provisions of the Municipal Act with respect to the levy of the yearly rates and the collection of taxes apply mutatis and mutandis to the levy of rates prior to the adoption of the estimates; AND WHEREAS Section 386, subsection 3 of the Municipal Act, R.S.O.1980 provides that the council may by by-law impose a percentage charge of l~% as a penalty for the non-payment of taxes on the first day of default and on the first day of each calendar month thereafter in whic default continues, but not after the year in which the taxes are levie NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE VILLAGE OF TIVERTO ENACTS AS FOLLOWS: 1. That in each year prior to the adoption of the estimates there shall be levied and collected on the whole of the assessment for real property and business assessment according to the last revised assessment roll a sum equal to one-third of that which would have been produced by applying to such assessment the total rate for all purposes levied in the preceding year on the re- sidential real property and business assessment of public school supporters; 2. That in the year 1988 and in each succeeding year the taxes to be I' levied under this by-law shall become due and payable on the 15th ' day of March but may be paid by instalments on the 15th day of ¡ July, and the 15th day of November , provided that where any due dat~ or instalment date fall on a Saturday or Sunday or a statutory Ii holiday the due date or instalment date as the case may be shall I be the next succeeding day that is not a Saturday, a Sunday or Statutory holiday, and provided that, upon failure to make payment! of any instalment, the whole of the amount shall become due and ! payable. . 3. That the Tax Collector shall, in the manner prescribed by Sections 379 and 386 of the Municipal Act, R.S.O. 1980, mail or cause to be mailed to the address of the residence or place of business of each person taxed under this by -law a notice specifying the amount of taxes payable. 4. That all taxes shall be paid into the office of the Treasurer at the Village of Tiverton Municipal Office located at King Street Tiverton. (and/or Canadian Imperial Bank of Comerce, Tiverton). 5. That the Collector and the Treasurer are hereby empowered and shall accept part payment as tendered from time to time on any taxes levied under this by-law. 6. That a percentage charge of l~% shall be imposed as a penalty for nonpayment of every tax instalment or part thereof on the first day of default and on the first day of each calendar month there- after in which default continues, but not after the end of the year in which the taxes are levied. . . 2..... 7. That this by-law shall come into force and effect upon the date of its final passing. READ A FIRST AND SECOND TIME THIS 12th day of JANUARY 1988. rL(Jd') ~~ß~ C}érk ~C2 -' Reev, '-7 READ A THIRD TIME AND FINALLY PASSED THIS 12th day of January 1988. ~~ J~/t¡l¡~ t'íerk