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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. /~ØW-' ReA7e - '. r?J Ø;~rlJ C erk