HomeMy WebLinkAbout16 059 2016 Taxation By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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BY -LAW
NO. 2016 — 059
BEING A BY -LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED
DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR
2016
WHEREAS Section 290 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended provides that a local municipality shall in the year or the immediately
preceding year, prepare and adopt a budget including estimates of all sums
• required during the year for the purposes of the municipality;
AND WHEREAS Section 340 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, provides that the treasurer of a local municipality shall prepare a tax
roll for each year based on the last returned assessment roll for the year and that
the treasurer shall collect the taxes once the tax roll has been prepared;
AND WHEREAS Section 342 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, authorizes municipalities to pass by -laws providing for the payment of
taxes;
AND WHEREAS the amount of assessment entitled to benefit hereinafter
referred to as Residential, Multi- Residential, Commercial, Industrial, Farm and
Managed Forest are as follows:
Residential 1,469,211,210
Multi- residential 16,969,000
Commercial - Occupied 235,884,720
• Commercial - Vacant 2,877,803
Industrial - Occupied 89,921,447
Industrial - Vacant 5,756,700
Farm 349,139,575
Managed Forest 2,478,200
Total Taxable Assessment $ 2,172,238,655
Total Taxable Assessment for $ 22,353,600
Purposes of the BIA Levy
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2016 Taxation By -law
By -law No. 2016 - 059
AND WHEREAS the amounts to be raised are as follows:
• Municipality of Kincardine 11 806 187
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County of Bruce 7,609,213
Bluewater District School Board 3,814,955
Bruce Grey Separate School Board 477,088
Conseil scolaire de district des ecoles
Catholique 20,087
Du Sud -Ouest
Conseil scolaire de district du Centre Sud-
Ouest 5,577
Education Tax shared as PIL, retained by
Kincardine 2,668,127
Total Taxes to be Raised $ 26,401,234
BIA Total Taxes to be Raised $ 62,000
• NOW THEREFORE the Council of The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. THAT there shall be levied and collected upon the assessable lands and
buildings within The Corporation of the Municipality of Kincardine the
following rates for the year 2016:
Bruce Total Total Tax
Tax Ratio General Healthcare Telecom Municipal County School Rate
Distribution
Residential 1.00000000 0.00585678 0.00025124 - 0.00029540 0.00581261 0.00374629 0.00188000 0.01143890
Multi- Residential 1.00000000 0.00585678 0.00025124 - 0.00029540 0.00581261 0.00374629 0.00188000 0.01143890
Multi- Residential - New 1.00000000 0.00585678 0.00025124 - 0.00029540 0.00581261 0.00374629 0.00188000 0.01143890
Commercial Occupied 1.23310000 0.00722199 0.00030980 - 0.00036426 0.00716753 0.00461955 0.01117970 0.02296678
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Commercial - New 1.23310000 0.00722199 0.00030980 - 0.00036426 0.00716753 0.00461955 0.01117970 0.02296678
Commercial Vacant 0.86317000 0.00505539 0.00021686 - 0.00025498 0.00501727 0.00323368 0.00782579 0.01607674
Commercial Vacant 0.86317000 0.00505539 0.00021686 - 0.00025498 0.00501727 0.00323368 0.00782579 0.01607674
New
Industrial Occupied 1.74770000 0.01023589 0.00043909 - 0.00051627 0.01015870 0.00654739 0.01500000 0.03170609
Industrial - New 1.74770000 0.01023589 0.00043909 - 0.00051627 0.01015870 0.00654739 0.01180000 0.02850609
Industrial Vacant 1.13600000 0.00665333 0.00028541 - 0.00033558 0.00660315 0.00425580 0.00975000 0.02060895
Industrial Vacant - New 1.13600000 0.00665333 0.00028541 - 0.00033558 0.00660315 0.00425580 0.00975000 0.02060895
Farmlands 0.25000000 0.00146419 0.00006281 - 0.00007385 0.00145315 0.00093657 0.00047000 0.00285972
anaged Forests 0.25000000 0.00146419 0.00006281 - 0.00007385 0.00145315 0.00093657 0.00047000 0.00285972
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2016 Taxation By -law
By -law No. 2016 - 059
2. The tax rate for the Business Improvement Area shall be 0.00277360
• 3. The dates for payment of taxes under this By -law shall be as follows:
DUE DATE of 3rd installment September 1, 2016
DUE DATE of 4th installment December 1, 2016
4. A percentage charge of one and one - quarter (1.25 %) shall be imposed as
a penalty for non - payment of and shall be added to every tax installment
or part thereof remaining unpaid on the first day following the last day of
payment of each such installment and thereafter an additional percentage
charge of one and one - quarter (1.25 %) shall be imposed and shall be
added to every such tax installment or part thereof remaining unpaid on
the first day of each calendar month in which default continues up to and
including December of each year.
5. This By -law may be cited as the "2016 Taxation By -law ".
READ a FIRST and SECOND TIME this 11th day of May, 2016.
• READ a THIRD TIME and FINALLY PASSED this 11th day of May, 2016.
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Mayor Clerk
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