HomeMy WebLinkAbout18 050 2018 Taxation By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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BY-LAW
NO. 2018 — 050
BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED
DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR
2018
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 1,469,884,746
Multi-residential 20,059,098
Commercial - Occupied 239,930,070
Commercial - Vacant 3,354,500
• Industrial - Occupied 102,813,945
Industrial - Vacant 5,763,650
Farm 495,808,635
Managed Forest 3,543,047
Total Taxable Assessment $ 2,341,157,691
Total Taxable Assessment for
Purposes of the BIA Levy $ 22,565,000
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2018 Taxation By-law
By-law No. 2018 - 050
AND WHEREAS the amounts to be raised are as follows:
• Municipality of Kincardine 13,678,974
County of Bruce 8,124,897
Bluewater District School Board 3,785,854
Bruce Grey Separate School Board 518,058
Conseil scolaire de district des ecoles
Catholique 23,383
Du Sud-Ouest
Conseil scolaire de district du Centre Sud-
Ouest 7,293
Education Tax shared as PIL, retained by
Kincardine 2,406,742
Total Taxes to be Raised $ 28,545,202
BIA Total Taxes to be Raised $ 70,200
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 2018:
Tax Ratio General Healthcare Total Countv School Total Tax
Municipal Rate
Residential 1.00000000 0.00625662 0.00025789 0.00651451 0.00386942 0.00170000 0.01208393
Multi-Residential 1.00000000 0.00625662 0.00025789 0.00651451 0.00386942 0.00170000 0.01208393
Multi-Residential-New 1.00000000 0.00625662 0.00025789 0.00651451 0.00386942 0.00170000 0.01208393
Commercial Occupied 1.23310000 0.00771504 0.00031800 0.00803304 0.00477138 0.01090000 0.02370442
• Commercial-New 1.23310000 0.00771504 ' 0.00031800 0.00803304 0.00477138 0.01090000 0.02370442
Commercial Vacant 0.86317000 0.00540053 0.00022260 0.00562313 0.00333997 0.00763000 0.01659310
Commercial Vacant 0.86317000 0.00540053 0.00022260 0.00562313 0.00333997 0.00763000 0.01659310
New
Industrial Occupied 1.74770000 0.01093470 0.00045071 0.01138541 0.00676259 0.01340000 0.03154800
Industrial-New 1.74770000 0.01093470 0.00045071 0.01138541 0.00676259 0.01090000 0.02904800
Industrial Vacant 1.13600500 0.00710755 0.00029296 0.00740051 0.00439568 0.00871000 0.02050619
Industrial Vacant-New 1.13600500 0.00710755 0.00029296 0.00740051 0.00439568 0.00708500 0.01888119
Farmlands 0.25000000 0.00156416 0.00006447 0.00162863 0.00096736 0.00042500 0.00302099
Managed Forests 0.25000000 0.00156416 0.00006447 0.00162863 0.00096736 0.00042500 0.00302099
410 Landfill 1.23310000 0.00771504 0.00031800 0.00803304 0.00477138 0.01090000 0.02370442
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2018 Taxation By-law
By-law No. 2018 - 050
2. The tax rate for the Business Improvement Area shall be 0.00311101
• 3. The dates for payment of taxes under this By-law shall be as follows:
DUE DATE of 3rd installment September 4, 2018
DUE DATE of 4th installment December 3, 2018
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 "2018 Taxation By-law".
READ a FIRST and SECOND TIME this 2nd day of May, 2018.
• READ a THIRD time and FINALLY PASSED this 2nd day of May, 2018.
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Mayor Clerk 4.
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