HomeMy WebLinkAboutBRU 92 003 interim tax levy
THE CORPORATION OF THE TOWHSHIP OF BRUCE
BY-LAW NO. 92-3
BEING A BY-LAW to provide for an Interim Tax Levy before the
adoption of the yearly estimates.
~.
WHEREAS the Municipal Act, Chapter 302, Section 159(1)(2) of the
R.S.O. 1980, 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 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 31.090 be levied on an interim basis on the rateable
assessment according to the 1992 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
lOth, with due dates of March 2nd 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 first
day of each calendar month thereafter.
5.
That this
the day of
by-law shall come into
final passing.
force and take effect on
By-law introduced and read a FIRST time this TWENTY-EIGHTH day of
JANUARY, 1992.
-.
By-law read a SECOND time this TWENTY-EIGHTH day of JANUARY,
1992.
By-law read a THIRD time and finally passed, signed, sealed, and
numbered 92-3 this TWENTY-EIGHTH day
/Sw0/a.-
CLERK
REEVE
: SEAL