HomeMy WebLinkAbout22 082 2022 Taxation By-LawTHE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY-LAW
NO. 2022 – 082
BEING A BY-LAW FOR THE ADOPTION OF THE RATES OF TAXATION AND
TO FURTHER PROVIDE FOR PENALTY AND INTEREST IN DEFAULT OF
PAYMENT THEREOF FOR THE YEAR 2022
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 312 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, provides that for purposes of raising the general local municipality levy,
a local municipality shall, each year, pass a By-law levying a separate tax rate, as
specified in the By-law, on the assessment in each property class in the local
municipality rateable for local municipal purposes;
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 Section 398 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, provides that fees and charges imposed by the municipality, upper-tier
municipality or local board may be added to the tax roll and collected in the same
manner as municipal taxes;
AND WHEREAS the Education Act, R.S.O. 1990, Ch. E.2, provides that Section
257.7(1) subject to the regulations, the following shall in each year levy and collect
the tax rates prescribed under section 257.12 for school purposes on the property
indicated;
AND WHEREAS Section 2 of the Corporation of the County of Bruce By-Law
Number 2022-017, a By-law to adopt estimates, tax ratios and tax rates for the year
2022 establishes tax ratios for all municipalities within the County of Bruce for the
year 2022;
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2022 Taxation By-law
By-law No. 2022 - 082
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 1,614,088,444
Multi-residential 24,300,700
Commercial - Occupied 265,751,013
Commercial - Vacant 4,223,577
Industrial - Occupied 102,002,820
Industrial - Vacant 5,634,055
Farm 636,481,300
Managed Forest 4,772,900
Total Taxable Assessment $ 2,657,254,809
Total Taxable Assessment for
Purposes of the BIA Levy $ 24,332,773
AND WHEREAS the amounts to be raised are as follows:
Municipality of Kincardine 17,908,697
County of Bruce 10,178,328
School Boards 4,247,394
Education Tax shared as PIL, retained by
Kincardine 2,232,461 Total Taxes to be Raised $ 34,566,880 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 2022:
Code Class Municipal County School
Total Tax
Rate
RT Residential 0.00772018 0.00438773 0.00153000 0.01363791
R1
Farmland Awaiting
Development 0.00579014 0.00329080 0.00114750 0.01022843
MT Multi-Residential 0.00772018 0.00438773 0.00153000 0.01363791
NT Multi-Residential - New 0.00772018 0.00438773 0.00153000 0.01363791
CT Commercial Occupied 0.00951975 0.00541051 0.00880000 0.02373026
XT Commercial - New 0.00951975 0.00541051 0.00880000 0.02373026
CX Commercial Vacant 0.00951975 0.00541051 0.00880000 0.02373026
CU
Commercial Excess
Land 0.00951975 0.00541051 0.00880000 0.02373026
IT Industrial Occupied 0.01349256 0.00766844 0.00880000 0.02996099
JT Industrial - New 0.01349256 0.00766844 0.00880000 0.02996099
IX Industrial Vacant 0.01349256 0.00766844 0.00880000 0.02996099
IU Industrial Excess Land 0.01349256 0.00766844 0.00880000 0.02996099
PT Pipelines 0.00784679 0.00445969 0.00880000 0.02110648
FT Farmlands 0.00193005 0.00109693 0.00038250 0.00340948
TT Managed Forests 0.00193005 0.00109693 0.00038250 0.00340948
HF Landfill 0.00944908 0.00537034 0.00980000 0.02461942
RH Residential Shared PIL 0.00772018 0.00438773 0.00153000 0.01363791
RG Residential PIL: General 0.00772018 0.00438773 0.01210791
CF Commercial PIL: Full 0.00951975 0.00541051 0.00980000 0.02473026
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2022 Taxation By-law
By-law No. 2022 - 082
CG
Commercial PIL:
General 0.00951975 0.00541051 0.01493026
CH Commercial: Shared PIL 0.00951975 0.00541051 0.00980000 0.02473026
IH Industrial: Shared PIL 0.01349256 0.00766844 0.01250000 0.03366099
IJ
Industrial: Vacant Land,
Shared PIL 0.01349256 0.00766844 0.01250000 0.03366099
2. The tax rate for the Business Improvement Area shall be 0.00324460
3. That the amount of taxes levied pursuant to the By-law on each assessment
shall be reduced by the amount of the Interim levy for 2022 and the balance
shall be divided into two amounts. The first instalment shall be due and
payable on or before the 1st of September 2022 and the second instalment
shall be due and payable on or before the 1st of December 2022. If not paid
on or before the due dates penalty shall be added.
4. That penalty will be charged after the dates named for payment at the rate
of one and one-quarter percent (1.25%) on the first day of default and on the
first day of each calendar month until December 31st, 2022. Statutory
interest of one and one-quarter percent (1.25%) per month will be charged
on all unpaid taxes after January 1st, 2022, in addition to the above penalty.
5. That the Tax Collector of the Municipality of Kincardine shall make out all tax
notices for the payment of the said taxes and shall deliver or mail each tax
notice to the address of each taxpayer at the last known address recorded
in the last revised Assessment Rolls for the Municipality of Kincardine no
later than 21 days prior to the first instalment of the tax bill.
6. That the Tax Collector shall proceed to collect the amount to be raised by
this By-law, together with all other sums on the Tax Roll in the manner as
set forth in the Assessment Act and the Municipal Act and all other By-laws
in force in this municipality.
7. That this By-law shall come into force and take effect on the final passing
thereof.
8. This By-law may be cited as the “2022 Taxation By-law”.
READ a FIRST and SECOND TIME this 20th day of April, 2022.
READ a THIRD TIME and FINALLY PASSED this 20th day of April, 2022.
Deputy Mayor Clerk