HomeMy WebLinkAboutTIV 92 006 Mill rates 1992
THE CORPORATION OF THE VILLAGE OF TIVERTON
BY-LAW NUMBER 1992-06
A By-law to set the mill rate, rate of interest and penalty
and due dates for the year 1992.
It is necessary and expedient that a By-law be passed setting
the mill rates and rate of interest and penalty and due dates
for the Village of Tiverton for the year 1992.
NOW 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 1991 be liable to such taxes and shall be at the
following rates:
52.93 mills for Public Residential and Farm
54.25 mills for Separate Residential and Farm
51. 36 mills for Public Commercial and Business
63.83 mills for Separate Commercial and Business
to be divided as follows:
Residential
Public
commercial
Public
General Purpose
19.49
22.93
County
5.41
6.37
Elementary Public
16.97
II o Ii:,
18.5.3
19.97
Secondary Public
TOTAL
52.93
13.02
62.29
Residential
Separate
commercial
Separate
General Purpose
19.49
22.93
County
5.41
6.37
Elementary Separate
18.53
21. 80
.
Secondary Separate
10.82
12.73
TOTAL
54.25
63.83
That the rate of penalty on overdue current taxes be levied
at 1.25% per month, 15% per annum. Penalty to start after
the 1st due date of the first instalment.
That the due dates for the payment of taxes be as follows:
1st Interim instalment due March 15th, 1992
2nd Instalment due July 15th, 1992
3rd instalment due November 15th, 1992.
.
.
The maintenance costs for sewage within the Village of
Tiverton for deficit purposes will be taken from the
unexpended Capital Financing for the year 1992.
Read a First, and Second time this 26th day of May, 1992
Read a Third Time and finally passed, signed and sealed this
26th Day of May, 1992.
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