Loading...
HomeMy WebLinkAboutBRU 98 012 interim tax levy THE CORPORATION OF THE TOWNSHIP OF BRUCE BY-LAW NO. 98-12 . BEING A BY-LAW to provide for an interim tax levy and to provide for the payment of taxes and to provide for penalty and interest of 1.25 percent per month. WHEREAS the Municipal Act, R.S.O. 1990, Chapter M.45, Section 370(8) and Section 370(9), as amended by Bill 106, 149, and 164 provides that the Council of a local municipality may, in 1998 before the adoption of the estimate for the year, pass a by-law to levy on the whole of the assessment for real property according to the last revised assessment roll, a sum not to exceed that which would be produced by applying fifty (50) percent of the total 1997 mill rate to residential and farm assessment and; WHEREAS the Municipal Act, R.S.O. 1990, Chapter M.45, section 370(8) and Section 370(9), as amended by Bill 106, 149 and 164 provides that the Council of a local municipal i ty may, in 1998 before the adoption of an estimate for the year, pass a by-law to 1 evy on the whol e of the assessment for real prope.rty according to the last revised assessment roll, a sum not to exceed that which would be produced by applying fifty (50) percent of the notional mill rate that the municipality is required to calculate for commercial and industrial assessment and the assessment that relates to pipelines, railways, hydro corridors, airports and other such unique properties, and; WHEREAS the Municipal Act, R.S.O. 1990, Chapter M.45, Section 370(8) and Section 370(9), as amended by Bill 106, 149 and 164, and Regulation 523/97 provides that the Council of a local municipality may, in 1998 before the adoption of the estimate for the year, pass a by-law to levy on the whole assessment of real property according to the last revised assessment roll, a sum not to exceed that which would be produced by applying the prescribed percentage of the 1997 mill rate to properties coded as either "FL" , "MF" or "CL". NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWNSHIP OF BRUCE ENACTS AS FOLLOWS: 1. An interim tax 1 evy of 22.991 mi 11 s is hereby imposed and levied on the whole of the assessment for real property in the residential and farm classes, according to the last revised assessment roll. /' THE CORPORATION OF THE TOWNSHIP OF BRUCE BY-LAW NO. 98-12 PAGE 2 2. An interim tax levy of 39.942 mills is hereby imposed and levied on the whole of the assessment for real property in commercial/industrial class, according to the last revised assessment roll. ~. 3. An interim tax 1 evy of 5.748 mi 11 s is hereby imposed and levied on the whole of the assessment for real property in the "FL" code, according to the last revised assessment roll. 4. An interim tax levy of 2.874 mills is hereby imposed and levied on the whole of the assessment for real property in the "MF" code, according to the last revised assessment roll. 5. An interim tax 1 evy of 0.000 mi 11 s is hereby imposed and levied on the whole of the assessment for real property in the "CL" code, according to the last revised assessment roll. 6. That 50% of the 1997 annual sewer and water rates for the Village of Tiverton shall be placed on the Collector's Roll and collected with the interim taxes as per The Corporation of the Village of Tiverton By-law No. 1997-10. (a) Residential Unit - Sewer $ 130.00 - Water $ 118.00 (b) Commercial Unit - Sewer $ 160.00 - Water $ 135.00 (c) Pool Charge $ 35.00 7. The said interim tax levy shall become due and payable in two installments as follows: Fifty percent of the interim levy rounded downwards to the next whole dollar shall become due and payable on the 1st day of May, 1998; and the balance of the interim levy shall become due and payable on the 2nd day of March 1998, and nonpayment of the amount on the dates stated in accordance with this section shall constitute default. 8. On all taxes of the interim 1 evy which are in defaul t, 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. THE CORPORATION OF THE TOWNSHIP OF BRUCE BY-LAW NO. 98-12 PAGE 3 9. (a) On all taxes of the interim tax 1 evy in defaul t on January 1, 1999, interest will be added at the rate of 1.25 percent per month for each month or fraction thereof of default. . (b) On all other taxes in default on January 1, 1998, interest shall be added at a rate of 1.25 percent per month or fraction thereof, and all by-laws and parts of by-laws inconsistent with this policy are hereby rescinded. 10. Penalties and interest added on all taxes of the interim tax I evy in defaul t shall become due and payabl e and shall be collected forthwith as if the same had originally been imposed and formed a part of such unpaid interim tax levy. 11. The collector may 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 THIRD day of FEBRUARY, 1998. By-law read a Second time this THIRD day of FEBRUARY, 1998. By-law read a Third time and finally passed, signed, sealed, and numbered 98-12 this THIRD day of FEBRUARY, 1998. ~ CLERK ~'4 REEVE _~JJo p . -. / - . .