HomeMy WebLinkAbout19 076 2019 Taxation By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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BY-LAW
NO. 2019 - 076
BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED
DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR
2019
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 1,505,715,084
Multi-residential 21,020,038
Commercial - Occupied 243,394,568
Commercial - Vacant 4,152,000
• Industrial - Occupied 108,364,794
Industrial - Vacant 5,618,296
Farm 567,900,099
Managed Forest 3,822,028
Total Taxable Assessment $ 2,459,986,907
Total Taxable Assessment for
Purposes of the BIA Levy $ 23,002,838
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Page 2 of 3
2019 Taxation By-law
By-law No. 2019 - 076
AND WHEREAS the amounts to be raised are as follows:
• Municipality of Kincardine 14,703,259
County of Bruce 8,453,030
Bluewater District School Board 3,717,208
Bruce Grey Separate School Board 525,582
Conseil scolaire de district des ecoles
Catholique 28,358
Du Sud-Ouest
Conseil scolaire de district du Centre Sud-
Ouest 10,409
Education Tax shared as PIL, retained by
Kincardine 2,319,723
Total Taxes to be Raised $ 29,757,569
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 2019:
Tax Ratio Municipal County School Total Tax
Rate
Residential 1.00000000 0.00677835 0.00389693 0.00161000 0.01228528
Multi-Residential 1.00000000 0.00677835 0.00389693 0.00161000 0.01228528
Multi-Residential-New 1.00000000 0.00677835 0.00389693 0.00161000 0.01228528
Commercial Occupied 1.23310000 0.00835838 0.00480531 0.01030000 0.02346369
• Commercial-New 1.23310000 0.00835838 0.00480531 0.01030000 0.02346369
Commercial Vacant 0.86317000 0.00585087 0.00336371 0.00875500 0.01796958
Commercial Vacant 0.86317000 0.00585087 0.00336371 0.00875500 0.01796958
New
Industrial Occupied 1.74770000 0.01184652 0.00681067 0.01290000 0.03155719
Industrial-New 1.74770000 0.01184652 0.00681067 0.01030000 0.02895719
Industrial Vacant 1.13600500 0.00770024 0.00442693 0.01064250 0.02276967
Industrial Vacant-New 1.13600500 0.00770024 0.00442693 0.00849750 0.02062467
Farmlands 0.25000000 0.00169459 0.00097423 0.00040250 0.00307132
Managed Forests 0.25000000 0.00169459 0.00097423 0.00040250 0.00307132
•
Landfill 1.22558300 0.00830743 0.00477601 0.01030000 0.02338344
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2019 Taxation By-law
By-law No. 2019 - 076
2. The tax rate for the Business Improvement Area shall be 0.00305180
3. The dates for payment of taxes under this By-law shall be as follows:
• DUE DATE of 3rd installment September 3, 2019
DUE DATE of 4th installment December 2, 2019
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 bus;„ess
day of each calendar month in which default continues up to and including s t,ioslkt
December of each year.
5. This By-law may be cited as the "2019 Taxation By-law".
READ a FIRST and SECOND TIME this 13th day of May, 2019.
• READ a THIRD TIME and FINALLY PASSED this 13th day of May, 2019.
Mayor Clerk
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