HomeMy WebLinkAbout17 065 2017 Taxation By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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440)uttaF
BY-LAW
NO. 2017 — 065
BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED
DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR
2017
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 1,436,144,750
Multi-residential 17,226,425
Commercial - Occupied 229,201,175
Commercial - Vacant 3,023,000
• Industrial - Occupied 100,424,500
Industrial - Vacant 5,712,925
Farm 421,622,700
Managed Forest 2,963,800
Total Taxable Assessment $ 2,216,319,275
Total Taxable Assessment for $ 22,164,750
Purposes of the BIA Levy
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2017 Taxation By-law
By-law No. 2017 - 065
AND WHEREAS the amounts to be raised are as follows:
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Municipality of Kincardine 12,638,386
County of Bruce 7,858,609
Bluewater District School Board 3,782,299
Bruce Grey Separate School Board 496,207
Conseil scolaire de district des ecoles
Catholique 22,367
Du Sud-Ouest
Conseil scolaire de district du Centre Sud-
Ouest 7,413
Education Tax shared as PIL, retained by
Kincardine 2,502,120
Total Taxes to be Raised $ 27 307,402
BIA Total Taxes to be Raised $ 70,200
NOW THEREFORE the Council of The Corporation of the Municipality of
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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 2017:
Bruce Total Total Tax
Tax Ratio General Healthcare Telecom County School
Distribution Municipal Rate
Residential 1.00000000 0.00638417 0.00024632 -0.00039472 0.00623577 0.00387743 0.00179000 0.01190320
Multi-Residential 1.00000000 0.00638417 0.00024632 -0.00039472 0.00623577 0.00387743 0.00179000 0.01190320
Multi-Residential-New 1.00000000 0.00638417 0.00024632 -0.00039472 0.00623577 0.00387743 0.00179000 0.01190320
Commercial Occupied 1.23310000 0.00787232 0.00030374 -0.00048673 0.00768933 0.00478126 0.01140000 0.02387059
•Commercial-New 1.23310000 0.00787232 0.00030374 -0.00048673 0.00768933 0.00478126 0.01140000 0.02387059
Commercial Vacant 0.86317000 0.00551062 0.00021262 -0.00034071 0.00538253 0.00334688 0.00798000 0.01670941
Commercial Vacant 0.86317000 0.00551062 0.00021262 -0.00034071 0.00538253 0.00334688 0.00798000 0.01670941
New
Industrial Occupied 1.74770000 0.01115761 0.00043050 -0.00068985 0.01089826 0.00677658 0.01390000 0.03157484
Industrial-New 1.74770000 0.01115761 0.00043050 -0.00068985 0.01089826 0.00677658 0.01140000 0.02907484
Industrial Vacant 1.13600500 0.00725244 0.00027982 -0.00044840 0.00708386 0.00440478 0.00903500 0.02052364
Industrial Vacant-New 1.13600500 0.00725244 0.00027982 -0.00044840 0.00708386 0.00440478 0.00903500 0.02052364
Farmlands 0.25000000 0.00159604 0.00006158 -0.00009868 0.00155894 0.00096936 0.00044750 0.00297580
Managed Forests 0.25000000 0.00159604 0.00006158 -0.00009868 0.00155894 0.00096936 0.00044750 0.00297580
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2017 Taxation By-law
By-law No. 2017 - 065
2. The tax rate for the Business Improvement Area shall be 0.00316719
3. The dates for payment of taxes under this By-law shall be as follows:
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DUE DATE of 3rd installment September 1, 2017
DUE DATE of 4th installment December 1, 2017
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 "2017 Taxation By-law".
READ a FIRST and SECOND TIME this 3rd day of May, 2017.
READ a THIRD TIME and FINALLY PASSED this 3rd day of May, 2017
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Mayor Clerk
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