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HomeMy WebLinkAboutTIV 97 001 Levy prior to adopt THE CORPORATION OF THE VILLAGE OF TIVERTON BY-LAW Number 1997-1 BEING A BY-LAW TO AUTHORIZE A LEVY PRIOR TO THE ADOPTION OF THE ANNUAL ESTIMATES. . WHEREAS Chapter M 45 Section 156 (1) (2) of the Municipal Act, R.S.O. 1990, provides that the Council of every local municipality may, prior to the adoption of the estimates, levy on the whole assessment for real property and business assessment a sum not exceeding 50 percent of that which would be produced by applying to such assessment the total rate for all purposes levied in the preceding year on the residential real property and business assessment of public supporters; AND WHEREAS Chapter M 45 section 156 of the Municipal Act, R.S.O. 1990 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 Chapter M 45 Section 399, subsection 3 of the Municipal Act, R.S.O. 1990 provides that the council may by by-law impose a percentage charge of 1.25% 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 which default continues, but not after the end of the year which the taxes are levied. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE VILLAGE OF TIVERTON 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 50% 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 residential real property and business assessment of public school supporters; . 2. That in the year 1997 and in each succeeding year the taxes to be levied under this by-law shall become due and payable on the 3rd day of March, but may be paid on instalments on the 2nd day of June, 2nd day of September and the 3rd day of November, provided that where any due dates or instalment dates fall on a Saturday or Sunday or a statutory holiday the due date or instalment date as the case may be shall 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 Chapter M 45 Section 392 of the Municipal Act, R.S.O. 1990, 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. Chapter M 45 Section 399 (1) and (8) provides that all taxes shall be paid into the office of the Treasurer at the Village of Tiverton Municipal Office located at 56 King Street, Tiverton, and/or the Canadian Imperial Bank of Commerce, Tiverton. . . ~ . ~ " O-J ~ -.; < c '~~ . ~.... 4 " . . page 2, By-Law 1997-1 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 1.25% shall be imposed as a penalty for non-payment of every tax instalment or part thereof on the first day of default and on the first day of each month thereafter in which default continues, but not after the end of the year in which the taxes are levied. 7. That this by-law upon third reading shall have come into force and effect January 1, 1997. READ A FIRST AND SECOND TIME THIS 11th DAY OF FEBRUARY, 1997. ~-'~'~ VE L;ß~~ 'éLERK READ A THIRD TIME AND FINALLY PASSED, SIGNED AND SEALED THIS 11TH DAY OF FEBRUARY 1997. fþ'~~~ EVE ~. ~~/ 'f:L K . . . . ../, ./ :, seá-). .' - . - - . '/ -. ~.-- - .':--. '/ ....;... - ,>... -- , - - '-..~ « - . .' - ~ '.