2933 To provide for an interim tax levy and to provide for the payment of taxes and to provide for penalty and interest of 1.25 percent per monthTHE CORPORATION OF THE TOWN OF TILLSONBURG
BY-LAw 2933
Being a by-law to provide for an interim tax levy and to provide for the payment of taxes and to
provide for penalty and interest of 1.25 percent per month.
V41EREAS Section 370 of the Municipal Act, R. S.O. 1990, c. M.45 as amended, provides for
an interim levy for 2000 on the assessment of property in the municipality rateable for local
municipal purposes, subject to certain restrictions;
AND WT EREAS the Council of The Corporation of the Town of Tillsonburg deems it advisable
and expedient that such a levy should be made;
TI-IEREFORE, the Council of The Corporation of the Town of Tillsonburg enacts as follows:
1 That for the year 2000 the following interim tax rates shall be levied, raised and
collected on all real property taxa ;ble within the Residential, Farmland, Pipeline
and Managed Forest classes and liable to pay the same according to the last
revised assessment roll:
Residential / Farm — Taxable 0.00830441
Farmlands — Taxable 0.00207611
Farnland Dev. Phase I 0.00207611
Pipelines 0.015 54100
2. That for the year 2000 the interim levy for properties in the Commercial,
Industrial and Multi -Residential Property Classes (Capped Classes) shall be
50% of the property's 1999 Final Adjusted Taxes.
3. The said interim levy shad became due and payable in two (2) installments as
follows:
First Installment: Friday, March 24th, 2000
Second Installment: Friday, May 26h,2000
Non-payment of the amount on the dates stated in accordance with this section
shall constitute default.
4. That a charge as a penalty of 1 and 1/4 per cent on the amount of any
outstanding taxes levied in 2000 shall be made on the first day of default and on
the first day of each calendar month thereafter in which default continues until
December 31, 2000, and any such additional amount shall be levied and
collected in the same manner as if it had been originally imposed with and
formed part of such levy.
5. That interest of I and 1/4 per c(�nt on the amount of any taxes due and unpaid
after December 31, 2000, shall be charged on the first day of each calendar
month thereafter in which the default continues
6. Penalties and interest added on ;all taxes of the interim tax levy in default shall
become due and payable and shall be collected forthwith as if the same had
originally been imposed and formed part of such unpaid interim tax levy.
7. The Treasurer may mail. or cause the same to be mailed to the residence of such
person indicated on the last revised assessment roll, a written or printed notice
specifying pec ying the amount of taxes payable.
READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 28TH
DAY OF FEBRUARY, 2000,