HomeMy WebLinkAboutTIV 87 009 Set mill rates 1987
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THE CORPORATION OF THE VILLAGE OF TIVERTON
BY-LAW NUMBER 1987-9
A By-Law to set the mill rate, rate of interest and
penalty and due dates for the Village of Tiverton
for the year 1987.
WHEREAS it is necessary and expedient that a by-law be passed setting the
mill rate, rate of interest and penalty and the due dates for the Village
of Tiverton for the year 1987.
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 1987 be liable to such taxes
shall be at the following rates.
35.43 mi lls for Public Residential and Farm
34.46 mi lls for Separate Residential and Farm
41. 69 mills for Public Commercial and Business
40.56 mills for Separate Commercial and Business
to be divided as follows:
Residential Residential Commercial Commercial
Public Separate Business Business
Pub lie Separate
General Purpose 15.92 15.92 18.74 18.74
County 3.95 3.95 4.65 4.65
Elementary Pub lie 9.36 11.01
Elementary Separate 8.67 10.20
Secondary Public 6.20 7.29
Secondary Separate 5.92 6.97
35.43 34.46 41. 69 40.56
2) That the rate of penalty on overdue current taxes be levied at 1.2570 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 installment due 15th July 1987
2nd and final instalment due on November 15th 1987.
READ A FIRST, SECOND
/!J..t£ DAY OF
TIME AND FINALLY PASSED, SIGNED, AND SEALED THIS
1987.
AND THIRD
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