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HomeMy WebLinkAboutBRU 98 040 adoption tax rates ~ THE CORPORATION OP THE TONNSHIP OP BRUCE BY-LAN NO. 98-40 BEING A BY-LAW to provide for the adoption of tax rates and special charges and to further provide for penalty and interest in default of payment thereof for 1998. WHEREAS section 368 of the Municipal Act. Chapter M.45, R.S.O. 1990, as amended by Bills 106, 149, 160, 164 and 16 provides that the Council of a local municipality shall, after the adoption of estimates for the year, pass a by-law to levy a separate tax rate on the assessment in each property class, and; WHEREAS section 399 of the Municipal Act, Chapter M.45, R.S.O. 1990 allows for collection of special rates, and the setting of payment dates and payment locations, and; WHEREAS Sections 362 and 363 of the said Act require tax rates to be established in the same proportion to tax ratios, and; WHEREAS the 1998 levy for all purposes has been set at $4,895,428, according to By-law No. 98-39, and; WHEREAS certain regulations require reductions in certain tax rates for certain classes or subclasses of property. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWNSHIP OF BRUCE ENACTS AS FOLLOWS: 1. That a tax rate of 0.01363363 is hereby adopted to be applied against the whole of the assessment for real property in the residential/farm class. 2. That a tax rate of 0.02833596 is hereby adopted to be applied against the whole of the assessment of real property in the commercial class. 3. That a tax rate of 0.04023510 is hereby adopted to be applied against the whole of the assessment of real property in the industrial class. 4. That a tax rate of 0.01833314 is hereby adopted to be applied against the whole of the assessment of real property in the multi-residential class. THE CORPORATION OF THE TOWNSHIP OF BRUCE BY-LAW NO. 98-40 PAGE 2 5. That a tax rate of 0.00340841 is hereby adopted to be applied against the whole of the assessment of real property in the managed forest class. 6. That a tax rate of 0.00340841 is hereby adopted to be applied against the whole of the assessment of real property in the farmlands class. 7. That a tax rate of 0.01385723 is hereby adopted to be applied against the whole of the assessment of real property in the pipe line class. 8. That a tax rate of 0.01983517 is hereby adopted to be applied against the whole of the assessment of commercial vacant units and excess land. 9. That a tax rate of 0.01983517 is hereby adopted to be applied against the whole of the assessment of commercial vacant land. 10. That a tax rate of 0.02615281 is hereby adopted to be applied against the whole of the assessment of industrial vacant uni ts and excess land. 11. That a tax rate of 0.02615281 is hereby adopted to be applied against the whole of the assessment of industrial vacant land. 12. That the streetlight charges for the assessed owners in the Hamlet of Glammis shall be set at the rate of twenty-five ($25.00) per annum. 13. That the streetlight charges for the assessed owners in the Hamlet of Underwood shall be at the rate of fifty dollars ($50.00) per annum. 14. That the charges Inverhuron be set property. for streetlights for at five dollars ($5.00) the Townplot of for each taxabl e .:-- ..},,/ 15. That the streetlight charges for the assessed owners in the Village of Tiverton shall be at the rate of sixteen ($16.00) for each taxable property. 16. That the waterworks service charge in the Hamlet of Underwood shall be set at the rate of three hundred dollars ($300.00) per annum. THE CORPORATION OF THE TONNSHIP OF BRUCE BY-LAW NO. 98-40 PAGE 3 --. 17. That the waterworks service charge for Scott Point Water System shall be at the rate of three hundred dollars ($300.00) per annum, plus eighty cents ($.80) per cubic meter. 18. That the water rates for the Village of Tiverton shall be set at the rate of one hundred and eighteen dollars ($118.00) per annum for residential units, and one hundred and thirty-five ($135.00) per annum for commercial units. 19. That the sewer rates for the Village of Tiverton shall be set at the rate of one hundred and thirty dollars ($130.00) per annum for residential units, and one hundred and sixty ($160.00) per annum for commercial units. 20. That the water rate for pool users in the Village of Tiverton shall be set at $35.00. 21. That Tile Drainage Loans may be placed on the collector's Roll and collected with taxes, or invoiced to borrowers on the due dates of the loan. 22. That every owner shall be taxed according to the tax rates in this by-law and such tax shall become due and payable in two installments as follows: Fifty percent of the final levy rounded downwards to the next whole dollar shall become due and payable on the 2nd day of November, 1998; and the balance of the final levy shall become due and payable on the 1st day of October 1998, and non- payment of the amount on the dates stated in accordance with this section shall constitute default. 23. On all taxes of the levy which are in default, a penalty of 1. 25 percent per month will be added on the 1st day of default, and on the second business day of each calendar month thereafter, until December 31st, 1998. 24. Penalties and interest added in default shall become due and payable and shall be collected as if the same had originally been imposed and formed part of such unpaid tax levy. THE CORPORATION OF THE TOWNSHIP OF BRUCE BY-LAW NO. 98-40 PAGE 4 -- 25. The collector shall mail or cause the same to be mailed to the residence or place of business of such person indicated on the last revised assessment roll, a written or printed notice specifying the amount of taxes payable. By-law introduced and read a First time this FOURTEENTH day of AUGUST, 1998. By-law read a Second time this FOURTEENTH day of AUGUST, 1998. By-law read a Third time and finally passed, signed, sealed, and numbered 98-40 this FOURTEENTH day of AUGUST, 1998. ~~ ~'Á , CLERK REEVE ~ SEAL .