HomeMy WebLinkAboutTIV 96 001 levy annual estimate
THE CORPORATION OF THE VILLAGE OF TIVERTON
BY-LAW Number 1996-1
BEING A BY-LAW TO AUTHORIZE A LEVY PRIOR TO THE ADOPTION OF
THE ANNUAL ESTIMATES.
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WHEREAS Chapter M 45 Section 156 (1) (2) of the Municipal
Act, R.S.a. 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,
I R.S.a. 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;
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2. That in the year 1996 and in each succeeding year the
taxes to be levied under this by-law shall become due and
payable on the 15th day of March, but may be paid on
instalments on the 1st day of June, 1st day of September
and the 1st 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.
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page 2, By-Law 1996-1
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, 1996.
READ A FIRST AND SECOND TIME THIS 23rd DAY OF JANUARY, 1996.
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READ A THIRD TIME AND FINALLY PASSED, SIGNED AND SEALED THIS
23rd DAY OF JANUARY 1996.
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~ CLERK
, seal
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