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3008 To provide for interim Tax Levies for the Year 2002 for the Town of TillsonburgBY-LAW NUMBER 3008 A BY-LAW TO PROVIDE FOR INTERIM TAX LEVIES FOR THE YEAR 2002 FOR THE TOWN OF TILLSONBURG WHEREAS' section ?,70 of the Municipal Act, R.S.O. 1990, c.M.45, as amended, provides that the council of a local municipality, before the adoption of estimates for the year under section 367, may pass Ca by-law levying amounts on the assessment of property in the local municipality ratable for local municipality purposes; AND WHEREAS the, Council of this municipality deems it appropriate to provide for such interim levy on the assessment of property in this municipality; THEREFORE the Council of the Town of Tillsonburg enacts as follows: In this by-law the fallowing words shall be defined as: "Minister" shall mean the Minister of Finance; "MPAC" shall mean the Municipal Property Assessment Corporation; 1. The amounts levied shall be as follows: 1.1. For the ReS idential, Pipeline, Farmland and Managed Forest property classes there shall be imposed and collected an interim levy of: (a) the percentage prescribed by the Minister under section 371(1)(b) of the Municipal Act; or, (b) 5001'0, if no percentage is prescribed, of the total t axes for municipal and school purposes levied on in the year 2001. 1.2. For the Multi -Residential, Commercial and Industrial property classes there shall be imposed and collected an interim levy of: (c) the percentage prescribed by the Minister under section 371(1)(b) of the Mujiicipal Act; or, (d) 5001' if no percentage is prescribed, of the total I -axes for municipal and school purposes levied on in the year 2001. -2- 2. For the purpose.5 of calculating the total amount of taxes for the year 2001 under paragraph 2, if any taxes for municipal and school purposes were levied on a property for only part of 2001 because assessment was added to the collector's roll during 2001, an amount shall be added equal to the additional taxes that would have been levied on the property if taxes for municipal and s -.hool purposes had been levied for the entire year. 3. The provisions of this by-law apply in the event that assessment is added for the year 2002 to the collector's roll after the date this by-law is passed and an interim levy shall be imposed and collected. 4. All taxes levied under this) by-law shall be payable into the hands of the Collector in accordance witL the provisions of this by-law. 5. There shall be imposed on all taxes a penalty for non-payment or late payment of taxes in default of the installment dates set out below. The penalty shall be one and one-quarter percent (11/4%) of the amount in default on the first day of default and on the first day of each calendar month during which the default continues, but not after the end of 2002. 6. The interim tax levy imposed by this by-law shall be paid in two (2) installments due on the following dates 6.1. First Installment :.The 28th day of February of 2002; 6.2. Second Insi:allment:'Fhe 24th day of May of 2002. 7. The Collector may mail or cause to be mailed to the address of the residence or place of business of each person taxed under this by-law, a notice specifying the amount of taxes payable. 8. The notice to be mailed under this by-law shall contain the particulars provided for in this by- law and the information required to be entered in the Collector's roll under section 387 of the Municipal Act. 9. The subsequent levy for the year 2002 to be made under the Municipal Act shall be reduced by the amount tD be raised by the levy imposed by this by-law. 10. The provisions Df s.370 of the Municipal Act, as amended apply to this by-law with necessary modifications. 11. The Collector shaft be authorized to accept part payment from time to time on account of any taxes due, End to give a receipt of such part payment, provided that acceptance of any -3 - such part payment shall not affect the collection of any percentage charge imposed and collectable under section `> of this by-law in respect of non-payment or late payment of any taxes or any installment of taxes. 12. Nothing in this by-law shell prevent the Collector from proceeding at any time with the collection of any tax, or any part thereof, in accordance with the provisions of the statutes and by-laws governing the collection of taxes. 13. In the event of any conflict between the provisions of this by-law and any other by-law, the provisions of thl'.s by-law shall prevail. 14. This by-law shall come into force and take effect on the day of the final passing thereof. READ A FIRST !;_ECOND AND THIRD TIME AND FINALLY PASSED THIS 11TH DAY OF FEBRUARY, 200':. 4'0�7 ioon:7 7 4 - " MAYOR CAO/CLERK