HomeMy WebLinkAboutBRU 96 005 interim tax levy
THE CORPORATION OF THE TOWNSHIP OF BRUCE
BY-LAW NO. 96-5
BEING A BY-LAW to provide for an Interim Tax Levy before the
adoption of the yearly estimates.
WHEREAS the Municipal Act, R.S.O. 1990, Chapter M.45, section
156(1)(2), enables a Municipal Council to pass a by-law for interim
tax levy, the sum of which levied on the whole assessment shall not
exceed 50 per cent of that which would be produced by applying to
such assessment the total rate for all purposes levied in the
preceding year, on residential real property of the public school
supporters according to the last revised roll.
AND WHEREAS the Corporation of the Township of Bruce deems it
expedient to pass such a by-law.
NOW THEREFORE the Corporation of the Township of Bruce enacts as
follows:
1. That 22.722 be 1 evied on an interim basis on the rateabl e
assessment according to the 1996 assessment as provided by the
Regional Assessment Office.
2. That the interim levy be collected in two equal or nearly
equal installments.
3. That the demand date of the interim levy shall be February
8th, with due dates of March 1st and May 1st.
4. That penalties shall be added to unpaid taxes at the rate of
1.25 per cent on the first day of default and on the second
business day of each calendar month thereafter.
5. That this by-law shall come into force and take effect on the
day of final passing.
.
By-law introduced and read a FIRST time this TWENTY-THIRD day of
JANUARY, 1996.
By-law read a SECOND time this TWENTY-THIRD day of JANUARY, 1996.
By-law read a THIRD time and finally passed, signed, sealed, and
c~~~red 96-5 this TWENTY-THIRD day of JANUARY, 1996.
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