HomeMy WebLinkAboutBRU 95 006 interim tax levy
'l'HE CORPORA'I'IOR OF 'l'BB 'I'ONlfSBIP OF BRUCE
BY-LAW RO. 95-6
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 22.295 be levied on an interim basis on the rateable
assessment according to the 1995 assessment as provided by the
Regional Assessment Office.
2. That the interim I evy be colI ected in two equal or nearl y
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-FOURTH day of
JANUARY, 1995.
By-law read a SECOND time this TWENTY-FOURTH day of JANUARY, 1995.
By-law read a THIRD time and finally passed, signed, sealed, and
numbered 95-6 this TWENTY-FOURTH day of JANUARY, 1995.
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