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2939 To provide for the adoption of budgetary estimates, tax rates and to further provide for penalty and interest in default of payment thereof for 2000.THE CORPORATION OF THE TOWN OF TILLSONBURG BY-LAW No. 2 9 3 9 A by-law to provide for the adoption of budgetary estimates, tax rates and to further provide for penalty and interest in default of payment thereof for 2000. WHEREAS Section 367 of the Municipal Act, R.S.O. 1990, chapter M.45, as amended, provides that the Council of a local municipality shall prepare and adopt estimates of all sums required during the year for the purposes of the municipality, WHEREAS Section 368 of the said Act provides that the Council of a local municipality shall, after the adoption of estimates for the year, pass a by-law to levy a separate tax rate on the assessment in each property class, WHEREAS Sections 362 and 363 of the said Act require tax rates to be established in the same proportion to tax ratios; and, WHEREAS certain regulations require reductions in certain tax rates for certain classes or subclasses of property. Now therefore the Council of The Corporation of the Town of Tillsonburg enacts as follows: 1) That the budget estimates setting out the revenues and expenditures for the year 2000 as hereto attached and marked Appendix 1 Al to this By -Law be adopted. 2) That the tax rates for each class are hereby adopted for the year 2000, excluding local improvement rates or other special rates collected as taxes, shall be the tax rates as listed on Schedule 1 BI attached hereto and forming part of this by-law and the tax rate for each class shall be applied against the whole of the assessment for real property for that particular class. 3) That every owner shall be taxed according to the tax rates in this by-law. The taxes for a particular property shall be calculated by applying the Current Value Assessment times the tax rates set out as adjusted by the provisions of Bill 79 - The Fairness for Property Taxpayers Act. Such taxes shall become due and payable in two installments as follows: ALL PROPERTY CLASSES: FIRST INSTALMENT Friday, August 25, 2000 SECOND INSTALMENT Friday, October 27, 2000 Notice of such taxes due shall be sent by first class mail to those persons shown as liable for the payment of taxes. 2 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 amounts shall be levied and collected in the same manner as if they had been originally imposed with and formed part of the taxes levied under this by-law. 5 ) That interest of 1 and 1/4 per cent 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 default continues. This by-law shall come into effect on the date of the final passing thereof. READ a first, second and third time, passed, signed, sealed and numbered 2939 this 26th day of June, 2000. OD V O CA A W N -► r8o -n-n -oCrr<< < < 0 K m >>--B> >> DDOCm MMMOM00000r-v) XKr- G)DDCDDC-i- mzzu'zz�-v zzm�Z-I-i�-1 -lMmz ov�Zczz�z > m N�v� 0�r-mr = n r>- n n D m m m m � CO) � z z z v v v OOOOOCaOOOOOOO g$pO_OOG_OO_ O_OO_OOC -� CO -4 0) O A S O 00 V1A V JaNNpV NV W W W O V-+-�CflCCOQ7OCD 46 A �' CO N CCOTE -+ OO V A -»O -.2 W 0000000000000 99Sw�BSNCA0S� CA ca Wm MV-+WOWN'V"00W W 0 0 0 0 0 0 0 0 0 0 0 0 0 ca)g 0 0 -4 -4 ;� T 8 � 9 0000000000000 m $gooi00000OOpppp �N WNN �,j -►�NOQ 00 UntAODV V4L .06 ANN�-A-i aA-' S � w cn C"(D�w� 0000000000000 -►.�wOD��NOaWN�wOW� mOO C" I CONCw7lwOa D 00 vT��OCW rD9-4 FD 0)0) -4 L ASA W 0 0 0 0 0 0 O O O g NCDtO-V+tOJi z -+ CO O W -.i ,..►&-L-LCA V N (D (D N N (D O O O O 08 O A W V V V CA) CA) CA L A O 0000000000000 OOORRO 'AQtUl(EFE�p"NN(OD W O O wCT C" (D CCO W V cDV Wr0) Oco 0)OD— OON-4 w 2000 TAX RATES - COUNTY OF OXFORD CLASS 1 TAX RATE CALCULATION LEVY REQUIREMENT WEIGHTED CVA CLASS 1 TAX RATE RTC 1 RESIDENTIAL & FARM 2 MULTI -RESIDENTIAL 3 COMMERCIAL VACANT UNITS/EXCESS LAND VACANT LAND 4 INDUSTRIAL VACANT UNITS/EXCESS LAND VACANT LAND 5 LARGE INDUSTRIAL VACANT UNITS/EXCESS LAND 6 PIPELINES 7 FARMLAND 8 FARMLAND DEV PH 1 RTC 1 RESIDENTIAL & FARM 2 MULTI -RESIDENTIAL 3 COMMERCIAL VACANT UNITS/EXCESS LAND VACANT LAND 4 INDUSTRIAL VACANT UNITS/EXCESS LAND VACANT LAND 5 LARGE INDUSTRIAL VACANT UNITS/EXCESS LAND 6 PIPELINES 7 FARMLAND 8 FARMLAND DEV PH 1 $4,357,853.00 1,045,979,819 0.00416629 TAX VACANCY WEIGHTED RTC CLASS CVA RATIO FACTOR CVA 1 RESIDENTIAL & FARM 597,129,713 1.0000 100% 597,129,713 2 MULTI -RESIDENTIAL 29,710,560 2.8392 100% 84,354,222 3 COMMERCIAL 107,652,748 1.9018 100% 204,733,996 70% VACANT UNITS/EXCESS LAND 2,360,649 1.9018 70% 3,142,638 0.00416629 VACANT LAND 1,737,900 1.9018 70% 2,313,597 4 INDUSTRIAL 28,141,270 2.9098 100% 81,885,467 0.00416629 VACANT UNITS/EXCESS LAND 370,725 2.9098 65% 701,178 65% VACANT LAND 658,860 2.9098 65% 1,246,148 5 LARGE INDUSTRIAL 18,756,640 3.4636 100% 64,965,498 100% VACANT UNITS/EXCESS LAND 104,050 3.4636 65% 234,252 6 PIPELINES 3,200,000 1.2593 100% 4,029,760 7 FARMLAND 2,027,200 0.2500 100% 506,800 8 FARMLAND DEV PH 1 2,946,200 0.2500 100% 736,550 852,981.17 794,796,515 0.00554638 13,093.06 1,045,979,819 CLASS 1 TAX RATE CALCULATION LEVY REQUIREMENT WEIGHTED CVA CLASS 1 TAX RATE RTC 1 RESIDENTIAL & FARM 2 MULTI -RESIDENTIAL 3 COMMERCIAL VACANT UNITS/EXCESS LAND VACANT LAND 4 INDUSTRIAL VACANT UNITS/EXCESS LAND VACANT LAND 5 LARGE INDUSTRIAL VACANT UNITS/EXCESS LAND 6 PIPELINES 7 FARMLAND 8 FARMLAND DEV PH 1 RTC 1 RESIDENTIAL & FARM 2 MULTI -RESIDENTIAL 3 COMMERCIAL VACANT UNITS/EXCESS LAND VACANT LAND 4 INDUSTRIAL VACANT UNITS/EXCESS LAND VACANT LAND 5 LARGE INDUSTRIAL VACANT UNITS/EXCESS LAND 6 PIPELINES 7 FARMLAND 8 FARMLAND DEV PH 1 $4,357,853.00 1,045,979,819 0.00416629 CLASS CLASS TAX VACANCY TAX RATE RATIO FACTOR RATES 0.00416629 1.0000 100% 0.00416629 0.00416629 2.8392 100% 0.01182893 0.00416629 1.9018 100% 0.00792345 0.00416629 1.9018 70% 0.00554638 0.00416629 1.9018 70% 0.00554641 0.00416629 2.9098 100% 0.01212307 0.00416629 2.9098 65% 0.00788002 0.00416629 2.9098 65% 0.00788008 0.00416629 3.4636 100% 0.01443036 0.00416629 3.4636 65% 0.00937988 0.00416629 1.2593 100% 0.00524661 0.00416629 0.2500 100% 0.00104157 0.00416629 0.2500 100% 0.00104165 CLASS TAXATION TAX BY CVA RATES CLASS 597,129,713 0.00416629 $2,487,815.55 29,710,560 0.01182893 351,444.13 107,652,748 0.00792345 852,981.17 2,360,649 0.00554638 13,093.06 1,737,900 0.00554641 9,639.11 28,141,270 0.01212307 341,158.59 370,725 0.00788002 2,921.32 658,860 0.00788008 5,191.87 18,756,640 0.01443036 270,665.07 104,050 0.00937988 975.98 3,200,000 0.00524661 16,789.15 2,027,200 0.00104157 2,111.47 2,946,200 0.00104165 3.068.91 794,796,515 $4,357,855.38 2000 TAX RATES - SEWERS CLASS 1 TAX RATE CALCULATION LEVY REQUIREMENT $413.000.00 TAX VACANCY WEIGHTED RTC WEIGHTED CVA CVA RATIO FACTOR CVA 1 RESIDENTIAL & FARM 597,129,713 1.0000 100% 597,129,713 2 MULTI -RESIDENTIAL 29,710,560 2.8392 100% 84,354,222 3 COMMERCIAL 107,652,748 1.9018 100% 204,733,996 RTC VACANT UNITS/EXCESS LAND 2,360,649 1.9018 70% 3,142,638 1 VACANT LAND 1,737,900 1.9018 70% 2,313,597 4 INDUSTRIAL 28,141,270 2.9098 100% 81,885,467 3 VACANT UNITS/EXCESS LAND 370,725 2.9098 65% 701,178 VACANT LAND 658,860 2.9098 65% 1,246,148 5 LARGE INDUSTRIAL 18,756,640 3.4636 100% 64,965,498 4 VACANT UNITS/EXCESS LAND 104,050 3.4636 65% 234,252 6 PIPELINES 3,200,000 1.2593 100% 4,029,760 7 FARMLAND 2,027,200 0.2500 100% 506,800 8 FARMLAND DEV PH 1 2,946,200 0.2500 100% 736,550 VACANT UNITS/EXCESS LAND 794,796,515 3.4636 65% 1,045,979,819 CLASS 1 TAX RATE CALCULATION LEVY REQUIREMENT $413.000.00 WEIGHTED CVA 1,045,979,819 CLASS 1 TAX RATE 0.00039485 CLASS CLASS TAX VACANCY TAX RTC RATE RATIO FACTOR RATES 1 RESIDENTIAL & FARM 0.00039485 1.0000 100% 0.00039485 2 MULTI -RESIDENTIAL 0.00039485 2.8392 100% 0.00112106 3 COMMERCIAL 0.00039485 1.9018 100% 0.00075093 VACANT UNITS/EXCESS LAND 0.00039485 1.9018 70% 0.00052565 VACANT LAND 0.00039485 1.9018 70% 0.00052565 4 INDUSTRIAL 0.00039485 2.9098 100% 0.00114893 VACANT UNITS/EXCESS LAND 0.00039485 2.9098 65% 0.00074681 VACANT LAND 0.00039485 2.9098 65% 0.00074681 5 LARGE INDUSTRIAL 0.00039485 3.4636 100% 0.00136760 VACANT UNITS/EXCESS LAND 0.00039485 3.4636 65% 0.00088894 6 PIPELINES 0.00039485 1.2593 100% 0.00049723 7 FARMLAND 0.00039485 0.2500 100% 0.00009871 8 FARMLAND DEV PH 1 0.00039485 0.2500 100% 0.00009871 CLASS TAXATION TAX BY RTC CVA RATES CLASS 1 RESIDENTIAL & FARM 597,129,713 0.00039485 $235,776.67 2 MULTI -RESIDENTIAL 29,710,560 0.00112106 33,307.32 3 COMMERCIAL 107,652,748 0.00075093 80,839.68 VACANT UNITS/EXCESS LAND 2,360,649 0.00052565 1,240.88 VACANT LAND 1,737,900 0.00052565 913.53 4 INDUSTRIAL 28,141,270 0.00114893 32,332.35 VACANT UNITS/EXCESS LAND 370,725 0.00074681 276.86 VACANT LAND 658,860 0.00074681 492.04 5 LARGE INDUSTRIAL 18,756,640 0.00136760 25,651.58 VACANT UNITS/EXCESS LAND 104,050 0.00088894 92.49 6 PIPELINES 3,200,000 0.00049723 1,591.14 7 FARMLAND 2,027,200 0.00009871 200.10 8 FARMLAND DEV PH 1 2,946,200 0.00009871 290.82 794,796,515 $413,005.46 OD -4 O (n A W K) — q 0 -n-ny< C<2<<0Km �1 X M OW 0 0 v 0 0 r Co 3�M�zm�z�zuCizA�z��v vvWcv c -y cow -i ZC Z�— Z— ��M X17 ��rr11 art D -n� _ � 00 Z� coco /VA) 'VAI Z R R v v v �-4Cpp ANN CA) ONO-+QN�4�v Six -48!R9@;L-48N0CC) c$$§oocco Ni� cn�"0 0oV0ow p0p000000000000 O O L N W N N W N�� ��► CntOj� CROW �p�p �NN��-+ W W OAN��71:C51TCWTI W W 00 8CAw 01�� g8 69 N N J W NCON�i�CO-►ONDOCA) Oco WN wWwOto w ?N W O� OOt�0co00 �WCn"coo C7IM-42a-1 NO N�N CnW"tO W CnCOn?N" C D �D m OD —1 v 0D !A Z 0 Z TOWN OF TILLSONBURG Schedule "B" to By -Law 2000 TAX RATES TOTAL BASIC GENERAL COUNTY SEWERS EDUCATION RATES PARKING B.I.A. TOT, NTIAL & FARM 0.00772959 0.00416629 0.00039485 0.00414000 0.01643073 0.00090079 0.017"1 RESIDENTIAL 0.02194585 0.01182893 0.00112106 0.00414000 0.03903584 0.00255752 0.041 9, RCIAL 0.01470013 0.00792345 0.00075093 0.02319353 0.04656804 0.00171312 0.00067620 0.048E T UNITS/EXCESS LAND 0.01029009 0.00554638 0.00052565 0.01623547 0.03259759 0.00119919 0.00047334 0.0342 T LAND 0.01029009 0.00554641 0.00052565 0.01623539 0.03259754 0.00119919 0.00047334 0.0342 "RIAL 0.02249156 0.01212307 0.00114893 0.03345475 0.06921831 0.00262112 0.00103461 0.0728 T UNITS/EXCESS LAND 0.01461951 0.00788002 0.00074681 0.02174558 0.04499192 0.044E T LAND 0.01461951 0.00788008 0.00074681 0.02174558 0.04499198 0.044E INDUSTRIAL 0.02677221 0.01443036 0.00136760 0.03982193 0.08239210 0.082 T UNITS/EXCESS LAND 0.01740194 0.00937988 0.00088894 0.02588425 0.05355501 0.053 SES 0.00973387 0.00524661 0.00049723 0.01538000 0.03085771 0.0308 AND 0.00193240 0.00104157 0.00009871 0.00103500 0.00410768 0.0041 AND DEV PH 1 0.00193240 0.00104165 0.00009871 0.00103500 0.00410776 0.0041 RTC 1 2 3 4 A 6 7 8 RTC 1 2 3 4 5 6 7 8 RTC 1 2 3 4 5 PRELIMINARY III 2000 TAX RATES - OWN PURPOSES TAXATION BY CLASS June 23, 2000 0.00772959 $4,615,567.86 29,710,560 0.02194585 652,023.49 CLASS TAX VACANCY WEIGHTED VACANCY CVA RATIO FACTOR CVA RESIDENTIAL & FARM 597,129,713 1.0000 100% 597,129,713 MULTI -RESIDENTIAL 29,710,560 2.8392 100% 84,354,222 COMMERCIAL 107,652,748 1.9018 100% 204,733,996 VACANT UNITS/EXCESS LAND 2,360,649 1.9018 70% 3,142,638 VACANTLAND 1,737,900 1.9018 70% 2,313,597 INDUSTRIAL 28,141,270 2.9098 100% 81,885,467 VACANT UNITS/EXCESS LAND 370,725 2.9098 65% 701,178 VACANTLAND 658,860 2.9098 65% 1,246,148 LARGE INDUSTRIAL 18,756,640 3.4636 100% 64,965,498 VACANT UNITS/EXCESS LAND 104,050 3.4636 65% 234,252 PIPELINES 3,200,000 1.2593 100% 4,029,760 FARMLAND 2,027,200 0.2500 100% 506,800 FARMLAND DEV PH 1 2,946,200 0.2500 100% 736,550 100% 794,796,515 1,045,979,819 CLASS 1 TAX RATE CALCULATION LEVY REQUIREMENT WEIGHTED CVA 8,085,000.00 1,045,979,819 CLASS 1 TAX RATE 0.00772959 TAXATION BY CLASS 597,129,713 0.00772959 $4,615,567.86 29,710,560 0.02194585 652,023.49 CLASS 0.01470013 CLASS TAX VACANCY TAX 1,737,900 RATE RATIO FACTOR RATES RESIDENTIAL & FARM 0.00772959 1.0000 100% 0.00772959 MULTI -RESIDENTIAL 0.00772959 2.8392 100% 0.02194585 COMMERCIAL 0.00772959 1.9018 100% 0.01470013 VACANT UNITS/EXCESS LAND 0.00772959 1.9018 70% 0.01029009 VACANTLAND 0.00772959 1.9018 70% 0.01029009 INDUSTRIAL 0.00772959 2.9098 100% 0.02249156 VACANT UNITS/EXCESS LAND 0.00772959 2.9098 65% 0.01461951 VACANTLAND 0.00772959 2.9098 65% 0.01461951 LARGE INDUSTRIAL 0.00772959 3.4636 100% 0.02677221 VACANT UNITS/EXCESS LAND 0.00772959 3.4636 65% 0.01740194 PIPELINES 0.00772959 1.2593 100% 0.00973387 FARMLAND 0.00772959 0.2500 100% 0.00193240 FARMLAND DEV PH 1 0.00772959 0.2500 100% 0.00193240 RESIDENTIAL & FARM MULTI -RESIDENTIAL COMMERCIAL VACANT UNITS/EXCESS LAND VACANTLAND INDUSTRIAL VACANT UNITS/EXCESS LAND VACANTLAND LARGE INDUSTRIAL VACANT UNITS/EXCESS LAND PIPELINES FARMLAND FARMLAND DEV PH 1 CVA CLASS TAX RATES TAXATION BY CLASS 597,129,713 0.00772959 $4,615,567.86 29,710,560 0.02194585 652,023.49 107,652,748 0.01470013 1,582,509.39 2,360,649 0.01029009 24,291.29 1,737,900 0.01029009 17,883.15 28,141,270 0.02249156 632,941.06 370,725 0.01461951 5,419.82 658,860 0.01461951 9,632.21 18,756,640 0.02677221 502,156.70 104,050 0.01740194 1,810.67 3,200,000 0.00973387 31,148.38 2,027,200 0.00193240 3,917.36 2,946,200 0.00193240 5.693.24 794,796,515 $8,084,994.62 RTC 1 2 4 5 6 7 8 RTC 1 2 3 4 5 6 7 8 RTC 1 2 3 4 5 6 7 8 RESIDENTIAL & FARM MULTI -RESIDENTIAL COMMERCIAL VACANT UNITS/EXCESS LAND VACANTLAND INDUSTRIAL VACANT UNITS/EXCESS LAND VACANTLAND LARGE INDUSTRIAL VACANT UNITS/EXCESS LAND PIPELINES FARMLAND FARMLAND DEV PH 1 2000 TAX RATES - PARKING CVA TAX RATIO VACANCY FACTOR WEIGHTED CVA 9,778,166 1.0000 100% 9,778,166 594,560 2.8392 100% 1,688,075 50,437,350 1.9018 100% 95,921,752 1,371,119 1.9018 70% 1,825,316 336,000 1.9018 70% 447,303 83,430 2.9098 100% 242,765 FACTOR 2.9098 65% 0 1.0000 2.9098 65% 0 0.00090079 3.4636 100% 0 COMMERCIAL 3.4636 65% 0 0.00171312 1.2593 100% 0 70% 0.2500 100% 0 1.9018 0.2500 100% 0 62,600,625 2.9098 100% 109,903,377 CLASS 1 TAX RATE CALCULATION LEVY REQUIREMENT 99,000.00 WEIGHTED CVA 109,903,377 CLASS 1 TAX RATE 0.00090079 CLASS CLASS TAX VACANCY TAX RATE RATIO FACTOR RATES RESIDENTIAL & FARM 0.00090079 1.0000 100% 0.00090079 MULTI -RESIDENTIAL 0.00090079 2.8392 100% 0.00255752 COMMERCIAL 0.00090079 1.9018 100% 0.00171312 VACANT UNITS/EXCESS LAND 0.00090079 1.9018 70% 0.00119919 VACANTLAND 0.00090079 1.9018 70% 0.00119919 INDUSTRIAL 0.00090079 2.9098 100% 0.00262112 VACANT UNITS/EXCESS LAND 0.00090079 2.9098 65% 0.00170373 VACANTLAND 0.00090079 2.9098 65% 0.00170373 LARGE INDUSTRIAL 0.00090079 3.4636 100% 0.00311998 VACANT UNITS/EXCESS LAND 0.00090079 3.4636 65% 0.00202798 PIPELINES 0.00090079 1.2593 100% 0.00113436 FARMLAND 0.00090079 0.2500 100% 0.00022520 FARMLAND DEV PH 1 0.00090079 0.2500 100% 0.00022520 CLASS TAXATION TAX BY CVA RATES CLASS RESIDENTIAL & FARM 9,778,166 0.00090079 $8,808.07 MULTI -RESIDENTIAL 594,560 0.00255752 1,520.60 COMMERCIAL 50,437,350 0.00171312 86,405.23 VACANT UNITS/EXCESS LAND 1,371,119 0.00119919 1,644.23 VACANTLAND 336,000 0.00119919 402.93 INDUSTRIAL 83,430 0.00262112 218.68 VACANT UNITS/EXCESS LAND 0.00170373 0.00 VACANTLAND 0.00170373 0.00 LARGE INDUSTRIAL 0.00311998 0.00 VACANT UNITS/EXCESS LAND 0.00202798 0.00 PIPELINES 0.00113436 0.00 FARMLAND 0.00022520 0.00 FARMLAND DEV PH 1 0.00022520 0.00 62,600,625 $98,999.74 RTC TAX RATIO 1 RESIDENTIAL & FARM 2 MULTI -RESIDENTIAL 3 COMMERCIAL 0 VACANT UNITS/EXCESS LAND 100% VACANTLAND 4 INDUSTRIAL 100% VACANT UNITS/EXCESS LAND 1,371,119 VACANT LAND 5 LARGE INDUSTRIAL 336,000 VACANT UNITS/EXCESS LAND 6 PIPELINES 7 FARMLAND 8 FARMLAND DEV PH 1 2000 TAX RATES - B.I.A. CVA TAX RATIO VACANCY FACTOR WEIGHTED CVA 0 1.0000 100% 0 0 2.8392 100% 0 50,437,350 1.9018 100% 95,921,752 1,371,119 1.9018 70% 1,825,316 336,000 1.9018 70% 447,303 83,430 2.9098 100% 242,765 VACANCY 2.9098 65% 0 RATE 2.9098 65% 0 1 3.4636 100% 0 100% 3.4636 65% 0 0.00035556 1.2593 100% 0 3 0.2500 100% 0 100% 0.2500 100% 0 52,227,899 1.9018 70% 98,437,136 CLASS 1 TAX RATE CALCULATION LEVY REQUIREMENT 35,000.00 WEIGHTED CVA 98,437,136 CLASS 1 TAX RATE 0.00035556 CLASS CLASS TAX VACANCY TAX RTC RATE RATIO FACTOR RATES 1 RESIDENTIAL & FARM 0.00035556 1.0000 100% 0.00035556 2 MULTI -RESIDENTIAL 0.00035556 2.8392 100% 0.00100951 3 COMMERCIAL 0.00035556 1.9018 100% 0.00067620 VACANT UNITS/EXCESS LAND 0.00035556 1.9018 70% 0.00047334 VACANT LAND 0.00035556 1.9018 70% 0.00047334 4 INDUSTRIAL 0.00035556 2.9098 100% 0.00103461 VACANT UNITS/EXCESS LAND 0.00035556 2.9098 65% 0.00067250 VACANT LAND 0.00035556 2.9098 65% 0.00067250 5 LARGE INDUSTRIAL 0.00035556 3.4636 100% 0.00123152 VACANT UNITS/EXCESS LAND 0.00035556 3.4636 65% 0.00080049 6 PIPELINES 0.00035556 1.2593 100% 0.00044776 7 FARMLAND 0.00035556 0.2500 100% 0.00008889 8 FARMLAND DEV PH 1 0.00035556 0.2500 100% 0.00008889 CLASS TAXATION TAX BY RTC CVA RATES CLASS 1 RESIDENTIAL & FARM 0.00035556 0.00 2 MULTI -RESIDENTIAL 0.00100951 0.00 3 COMMERCIAL 50,437,350 0.00067620 $34,105.74 VACANT UNITS/EXCESS LAND 1,371,119 0.00047334 649.01 VACANT LAND 336,000 0.00047334 159.04 4 INDUSTRIAL 83,430 0.00103461 86.32 VACANT UNITS/EXCESS LAND 0.00067250 0.00 VACANT LAND 0.00067250 0.00 5 LARGE INDUSTRIAL 0.00123152 0.00 VACANT UNITS/EXCESS LAND 0.00080049 0.00 6 PIPELINES 0.00044776 0.00 7 FARMLAND 0.00008889 0.00 8 FARMLAND DEV PH 1 0.00008889 0.00 52,227,899 $35,000.11 RESIDENTIAL & FARM AULTI-RESIDENTIAL ,OMMERCIAL /ACANT UNITS/EXCESS LAND /ACANT LAND NDUSTRIAL /ACANT UNITS/EXCESS LAND /ACANT LAND .ARGE INDUSTRIAL /ACANT UNITS/EXCESS LAND 'IPELINES =ARMLAND =ARMLAND DEV PH 1 2000 -1999 Rate Comparison 2000 1999 BASIC BASIC Variance % RATES RATES 0.01643073 0.01660882 -0.00017809 -1.08% 0.03903584 0.03954147 -0.00050563 -1.30% 0.04656804 0.04690673 -0.00033869 -0.73% 0.03259759 0.03283471 -0.00023712 -0.73% 0.03259754 0.03283463 -0.00023709 -0.73% 0.06921831 0.07046060 -0.00124229 -1.79% 0.04499192 0.04579939 -0.00080747 -1.79% 0.04499198 0.04579935 -0.00080737 -1.79% 0.08239210 0.08387082 -0.00147872 -1.79% 0.05355501 0.05451604 -0.00096103 -1.79% 0.03085771 0.03108199 -0.00022428 -0.73% 0.00410768 0.00415221 -0.00004453 -1.08% 0.00410776 0.00415221 -0.00004445 -1.08% Reduction in the local tax rate is 2%, however when combined with the education and county tax ate does not reflect a full 2% due to the uneven apportionment of the rates or example in the residential & farm class the rates are apportioned as follows: .7eneral 47.0% 'ounty 25.4% >ewers 2.4% --ducation 25.2%