2025-045Page 1 of 2
THE CORPORATION OF THE TOWN OF TILLSONBURG
BY-LAW 2025-045
A BY-LAW to provide for the adoption of budgetary estimates, tax rates,
installment due dates, and to further provide for penalty and interest on default of
payment thereof for fiscal year 2025.
WHEREAS Section 290 of the Municipal Act, 2001, S.O. 2001 c.25 (the Act), 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; and
WHEREAS Section 312 of the 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, as
specified in the by-law, on the assessment in each property class; and
WHEREAS Sections 307 and 308 of the Act require tax rates to be established in the
same proportion to each other as the tax ratios established for the property classes are
to each other, with regulations requiring reductions in certain tax rates for certain
classes or subclasses of property; and
WHEREAS Section 342 of the Act allows a local municipality to pass by-laws providing
for the payment of taxes in one amount or by instalments and the date or dates in the
year for which the taxes are imposed on which the taxes or instalments are due; and
WHEREAS Section 345 of the Act allows a local municipality to pass by-laws to impose
late payment charges for the non-payment of taxes or any instalment by the due date;
BE IT THEREFORE ENACTED by the Council of the Corporation of the Town of
Tillsonburg as follows:
1) THAT the budget estimates setting out 2025 Operating Budget of $31,691,062
with a levy of $18,617,532, and the 2025 Capital Budget of $11,036,100 with a
levy of $3,705,300, being a combined budget amount of $42,727,162 with
$22,322,832 from taxation, as shown on Schedule “A” and Schedule “B”
respectively and detailed in the Business Plans for the year 2025, endorsed by
resolution #2025-045 of January 27, 2025, and raising the following amounts
from realty taxation, be adopted:
a. A general municipal levy of $22,322,832
b. A special levy for core area parking of $182,897
c. A special levy for the Business Improvement Area of $220,701
2) THAT the tax rates hereby adopted for each class for the year 2025, excluding
local improvement rates or other special charges collected as taxes, shall be the
tax rates as listed on Schedule “C” attached hereto and forming part of this by-
By-Law 2025-045
law and the tax rate for each class shall be applied against the whole of the
assessment for real property for that particular class and purpose.
3)THAT every property 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 against the tax rates set out and further adjusted as
required by the provisions of the Municipal Act,2001,S.O.2001.Such taxes,
less those amounts paid on the interim instalments for 2025,shall become due
and payable in two remaining installments as follows:
ALL PROPERTY CLASSES:
FIRST INSTALMENT Friday,August 29,2025
SECOND INSTALMENT Friday,October 31,2025
4)THAT notice of such taxes due shall be sent by first class mail or by electronic
mall to those persons shown as liable for the payment of taxes.
THAT a charge as a penalty of 1 and 1/4 per cent on the amount of any
outstanding taxes levied in 2025 shall be made on the first day of default,and
that interest of 1 and 1/4 per cent per month on the amount of any outstanding
taxes levied in 2025 shall be made on the first day of each calendar month
thereafter in which default continues until December 31,2025,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.The penalty charges indicated in this section shall be waived for those
taxpayers participating in the Monthly Preauthorized Payment Program,provided
the payments are made as agreed and without default.
5)
THAT Interest of 1 and 1/4 per cent on the amount of any taxes due and unpaid
after December 31,2025 shall be charged on the first day of each calendar
month thereafter In which default continues.
6)
THAT this by-law shall come Into force and take effect on the date it is passed.7)
READ A First,Second,Third and Final time and passed this 16th of June,2025.
MAYOR -Deb Gll^esy
DEPUTY CLERK -Amelia Jaggard
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