HomeMy WebLinkAbout20 051 2020 Taxation By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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BY-LAW
NO. 2020 - 051
BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED
DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR
2020
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 1,558,925,281
Multi-residential 21,430,700
Commercial - Occupied 261,431,322
Commercial - Vacant 3,268,677
• Industrial - Occupied 108,394,240
Industrial - Vacant 5,653,380
Farm 630,976,000
Managed Forest 4,805,800
Total Taxable Assessment $ 2,594,885,400
Total Taxable Assessment for
Purposes of the BIA Levy $ 23,766,944
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Page 2 of 3
2020 Taxation By-law
By-law No. 2020 - 051
AND WHEREAS the amounts to be raised are as follows:
1110
Municipality of Kincardine 16,179,492
County of Bruce 9,012,066
Bluewater District School Board 3,766,370
Bruce Grey Separate School Board 548,904
Conseil scolaire de district des ecoles
Catholique 28,832
Du Sud-Ouest
Conseil scolaire de district du Centre Sud-
Quest 10,658
Education Tax shared as PIL, retained by
Kincardine 2,232,461
Total Taxes to be Raised $ 31,778,783
BIA Total Taxes to be Raised $ 78,950
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 2020:
Tax Ratio Municipal County School Total Tax
Rate
Residential 1.00000000 0.00715794 0.00398701 0.00153000 0.01267495
Multi-Residential 1.00000000 0.00715794 0.00398701 0.00153000 0.01267495
Multi-Residential-New 1.00000000 0.00715794 0.00398701 0.00153000 0.01267495
Commercial Occupied 1.23310000 0.00882645 0.00491639 0.00980000 0.02354284
• Commercial-New 1.23310000 0.00882645 0.00491639 0.00980000 0.02354284
Commercial Vacant 0.86317000 0.00617852 0.00344147 0.00980000 0.01941999
Commercial Vacant 0.86317000 0.00617852 0.00344147 0.00980000 0.01941999
New
Industrial Occupied 1.74770000 0.01250993 0.00696810 0.01250000 0.03197803
Industrial-New 1.74770000 0.01250993 0.00696810 0.00980000 0.02927803
Industrial Vacant 1.13600500 0.00813145 0.00452927 0.01250000 0.02516072
Industrial Vacant-New 1.13600500 0.00813145 0.00452927 0.00980000 0.02246072
Farmlands 0.25000000 0.00178948 0.00099675 0.00038250 0.00316873
Managed Forests 0.25000000 0.00178948 0.00099675 0.00038250 0.00316873
41) Landfill 1.22394500 0.00876092 0.00487989 0.00980000 0.02344081
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2020 Taxation By-law
By-law No. 2020 - 051
2. The tax rate for the Business Improvement Area shall be 0.00332184
3. The dates for payment of taxes under this By-law shall be as follows:
• DUE DATE of 3rd installment September 1, 2020
DUE DATE of 4th installment December 1, 2020
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
business 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 "2020 Taxation By-law".
READ a FIRST and SECOND TIME this 30th day of March, 2020.
READ a THIRD TIME and FINALLY PASSED this 30th day of March, 2020.
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ZCL.-614. r.')
Mayor Deputy lerk
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