HomeMy WebLinkAbout15 042 2015 Taxation By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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BY -LAW
NO. 2015 — 042
BEING A BY -LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED
DURING THE YEAR TO STRIKE THE RATES OF
TAXATION FOR THE YEAR 2015
WHEREAS Section 290 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended provides that a local municipality shall in the year or the immediately
preceding year, prepare and adopt a budget including estimates of all sums
• required during the year for the purposes of the municipality;
AND WHEREAS Section 340 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, provides that the treasurer of a local municipality shall prepare a tax
roll for each year based on the last returned assessment roll for the year and that
the treasurer shall collect the taxes once the tax roll has been prepared;
AND WHEREAS Section 342 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, authorizes municipalities to pass by -laws providing for the payment of
taxes;
AND WHEREAS the amount of assessment entitled to benefit hereinafter
referred to as Residential, Multi- Residential, Commercial, Industrial, Farm and
Managed Forest are as follows:
Residential 1,401,156,840
Multi- residential 15,292,609
Commercial - Occupied 216,923,762
Commercial - Vacant
• Industrial - Occupied 2,912,268
88,564,508
Industrial - Vacant 5,741,473
Farm 317,394,444
Managed Forest 2,153,690
Total Taxable Assessment $ 2,050,139,594
Total Taxable Assessment for
Purposes of the BIA Levy $ 21,956,073
•
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2015 Taxation By -law
By -law No. 2015 - 042
AND WHEREAS the amounts to be raised are as follows:
• Municipality of Kincardine 10,520,793
County of Bruce 7,303,878
Bluewater District School Board 3,769,246
Bruce Grey Separate School Board 457,627
Conseil scolaire de district des ecoles
Catholique 17,241
Du Sud -Ouest
Conseil scolaire de district du Centre Sud -
Ouest 4,710
Education Tax shared as PIL, retained by
Kincardine 2,491,444
Total Taxes to be Raised $ 24,564,938
BIA Total Taxes to be Raised $ 60,000
1 • NOW THEREFORE the Council of The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. THAT there shall be levied and collected upon the assessable lands and
buildings within The Corporation of the Municipality of Kincardine the
following rates for the year 2015:
Bruce Total Total Tax
Tax Ratio General Healthcare Telecom Municipal County School Rate
Distribution
Residential 1.00000000 0.00553675 0.00023235 - 0.00031126 0.00545785 0.00378902 0.00195000 0.01119687
Multi- Residential 1.00000000 0.00553675 0.00023235 - 0.00031126 0.00545785 0.00378902 0.00195000 0.01119687
Commercial 1.23310000 0.00682737 0.00028651 - 0.00038382 0.00673007 0.00467223 0.01117970 0.02258200
Occupied
c ommercial - New 1.23310000 0.00682737 0.00028651 - 0.00038382 0.00673007 0.00467223 0.01117970 0.02258200
Commercial 0.86317000 0.00477916 0.00020056 - 0.00026867 0.00471105 0.00327056 0.00782579 0.01580740
Vacant
Commercial 0.86317000 0.00477916 0.00020056 - 0.00026867 0.00471105 0.00327056 0.00782579 0.01580740
Vacant - New
Industrial Occupied 1.74770000 0.00967658 0.00040608 - 0.00054399 0.00953868 0.00662206 0.01530000 0.03146074
Industrial - New 1.74770000 0.00967658 0.00040608 - 0.00054399 0.00953868 0.00662206 0.01190000 0.02806074
Industrial Vacant 1.13600000 0.00628978 0.00026395 - 0.00035359 0.00620014 0.00430434 0.00994500 0.02044948
Industrial Vacant 1.13600000 0.00628978 0.00026395 - 0.00035359 0.00620014 0.00430434 0.00773500 0.01823948
New
Farmlands 0.25000000 0.00138419 0.00005809 - 0.00007782 0.00136446 0.00094725 0.00048750 0.00279921
. anaged Forests 0.25000000 0.00138419 0.00005809 - 0.00007782 0.00136446 0.00094725 0.00048750 0.00279921
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2015 Taxation By -law
By -law No. 2015 - 042
2. The tax rate for the Business Improvement Area shall be 0.00273273
• 3. The dates for payment of taxes under this By -law shall be as follows:
3 DUE DATE of 3 installment September 1, 2015
DUE DATE of 4th installment December 1, 2015
4. A percentage charge of one and one - quarter (1.25 %) shall be imposed as
a penalty for non - payment of and shall be added to every tax installment
or part thereof remaining unpaid on the first day following the last day of
payment of each such installment and thereafter an additional percentage
charge of one and one - quarter (1.25 %) shall be imposed and shall be
added to every such tax installment or part thereof remaining unpaid on
the first day of each calendar month in which default continues up to and
including December of each year.
5. This By -law may be cited as the "2015 Taxation By -law ".
READ a FIRST and SECOND TIME this 1st day of April, 2015.
• READ a THIRD TIME and FINALLY PASSED this 1st day of April, 2015.
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