HomeMy WebLinkAboutBRU 90 002 interim tax levy
THE CORPORATION OF THE TOWNSHIP OF BRUCK
BY-LAW NO. 90-2
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 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 27 mills be levied on an interim basis on the rateable
assessment according to the 1990 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
8th, with due dates of
of the interim levy shall
March 1st and May 1st.
be February
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 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, 1990.
By-law read a SECOND time this TWENTY-THIRD day of JANUARY, 1990.
By-law read a THIRD time and finally passed,
numbered 90-2 this TWENTY-THIRD day of JAN
sealed, and
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CLERK
REEVE
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SEAL