HomeMy WebLinkAbout21 037 2021 Taxation By-law
THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY-LAW
NO. 2021X 037
BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED
DURING THE YEAR TO STRIKE THE RATES OF TAXATION FOR THE YEAR
2021
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:
Residential1,580,078,035
Multi-residential 21,412,700
Commercial -Occupied264,781,068
Commercial -Vacant 3,178,577
Industrial -Occupied108,078,140
Industrial -Vacant5,667,780
Farm630,917,700
Managed Forest 4,740,700
Total Taxable Assessment $ 2,618,854,700
Total Taxable Assessment for Purposes
of the BIA Levy$ 24,376,073
Page 2 of 3
2021 Taxation By-law
By-law No. 2021 - 037
AND WHEREAS the amounts to be raised are as follows:
Municipality of Kincardine
16,846,402
County of Bruce
9,441,618
Bluewater District School Board
3,670,511
Bruce Grey Separate School Board
515,975
3RQVIMO VGROEMUI HI HMVWUMGW HIV _GROIV 3EWLROMTXI
27,195
Du Sud-Ouest
Conseil scolaire de district du Centre Sud-Ouest
11,146
Education Tax shared as PIL, retained by
Kincardine
2,232,461
Total Taxes to be Raised
$ 32,745,307
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 2021:
Tax Ratio Municipal County School Total Tax Rate
Residential 1.00000000 0.00737268 0.00413204 0.00153000 0.01303472
Farmland Awaiting
0.75000000 0.00552951 0.00309903 0.00114750 0.00977604
Development
Multi-Residential 1.00000000 0.00737268 0.00413204 0.00153000 0.01303472
Multi-Residential -New1.000000000.007372680.004132040.001530000.01303472
Commercial Occupied 1.23310000 0.00909125 0.00509522 0.00880000 0.02298647
Commercial - New 1.23310000 0.00909125 0.00509522 0.00880000 0.02298647
Commercial Vacant 0.86317000 0.00636387 0.00356665 0.00880000 0.01873053
Commercial Vacant - New 0.86317000 0.00636387 0.00356665 0.00880000 0.01873053
Industrial Occupied 1.74770000 0.01288523 0.00722157 0.00880000 0.02890680
Industrial -New1.747700000.012885230.007221570.008800000.02890680
Industrial Vacant1.136005000.008375400.004694020.008800000.02186942
Industrial Vacant -New1.136005000.008375400.004694020.008800000.02186942
Pipelines 1.01640000 0.00749359 0.00419981 0.00880000 0.02049340
Farmlands 0.25000000 0.00184317 0.00103301 0.00038250 0.00325868
Managed Forests 0.25000000 0.00184317 0.00103301 0.00038250 0.00325868
Landfill1.223945000.009023750.005057390.008800000.02288114
Page 3
2021 Taxation By-law
By-law No. 2021 - 037
2. The tax rate for the Business Improvement Area shall be 0.00323883
3. The dates for payment of taxes under this By-law shall be as follows:
rd
DUE DATE of 3installment September 1, 2021
th
DUE DATE of 4 installment December 1, 2021
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-OEZ PE\\ FI GMWIH EV WLI `'%21 Taxation By-OEZa$
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READ a FIRST and SECOND TIME this 15 day of March, 2021.
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READ a THIRD TIME and FINALLY PASSED this 15 day of March, 2021.
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Mayor Clerk