4015 To provide for the adoption of budgetary estimates, tax rates and to further provide for penalty & interest in default of payment thereof for 2016THE CORPORATION OF THE TOWN OF TILLSONBURG
BY -LAW NUMBER 4015
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
2016.
WHEREAS Section 290 of the Municipal Act, 2001, S.O. 2001 c.25, 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 312 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, and
WHEREAS Sections 307 and 308 of the said Act require tax rates to be
established in the same proportion to tax ratios; and
WHEREAS 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 Tillson burg enacts
as follows:
1) That the budget estimates setting out the revenues and expenditures as
detailed in the Business Plans for the year 2016, and endorsed by
resolution, January 25th, 2016, raising the following amounts from realty
taxation be adopted:
A) A general municipal levy of $13,468,500
B) A special levy for core area parking of $139,200
C) A special levy for the Business Improvement Area of $118,000
2) That the tax rates hereby adopted for each class for the year 2016,
excluding local improvement rates or other special charges collected as
taxes, shall be the tax rates as listed on Schedule "A" 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 and purpose.
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 against the tax rates set out and further
adjusted as required by the provisions of the Municipal Act, 2001, S.O.
2001. Such taxes shall become due and payable in two installments as
follows:
ALL PROPERTY CLASSES:
FIRST INSTALMENT
SECOND INSTALMENT
Thursday,August25,2016
Thursday, October 27, 2016
Notice of such taxes due shall be sent by first class mail to those persons
shown as liable for the payment of taxes.
4) That a charge as a penalty of 1 and 1/4 per cent on the amount of any
outstanding taxes levied in 2016 shall be made on the first day of default
and on the first day of each calendar month thereafter in which default
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continues until December 31, 2016, 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 Programme
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, 2016 shall be charged on the first day of each
calendar month thereafter in which default continues.
6) This by-law shall come into effect on the date of the final passing thereof.
READ A FIRST AND SECOND TIME THIS 9th DAY OF MAY, 2016.
READ A THIRD AND FINAL TIME AND PASSED THI.S 9th DAY OF MAY, 2016.
Mayor-Stephen Molnar
~~-----=--Clerk -Donna Wilson
TOWN OF TILLSONBURG
Schedule "A" to By-Law 4014
2016 TAX RATES TOTAL
BASE
RTC/RT
Q GENERAL COUNTY SEWERS EDUCATION RATES PARKING B.I.A. TOTAL
0.0072343 0.0041663 0.0002379 0.0135185 0.0011894 0.0147080
RT RESIDENTIAL 2 1 5 0.00188000 8 8 6
0.0198220 0.0114156 0.0006519 0.0337697 0.0032591 0.0370288
MT MULTI-RESIDENTIAL 4 9 8 0.00188000 1 7 8
0.0137582 0.0079234 0.0004525 0.0361342 0.0022621 0.0019213 0.0403177
CT COMMERCIAL 3 9 3 0.01400000 5 5 0 0
COMMERCIAL NEW 0.0137582 0.0079234 0.0004525 0.0339342 0.0022621 0.0019213 0.0381177
XT CONSTRUCTION 3 9 3 0.01180000 5 5 0 0
0.0096307 0.0055464 0.0003167 0.0252939 0.0015835 0.0013449 0.0282223
cu VACANT UNITS/EXCESS LAND 6 4 7 0.00980000 7 1 1 9
0.0096307 0.0055464 0.0003167 0.0252939 0.0015835 0.0013449 0.0282223
ex VACANT LAND 6 4 7 0.00980000 7 1 1 9
COM'L NEW CONST. -EXCESS 0.0096307 0.0055464 0.0003167 0.0237539 0.0237539
xu LAND 6 4 7 0.00826000 7 7
0.0190262 0.0109574 0.0006258 0.0456094 0.0456094
IT INDUSTRIAL 6 0 1 0.01500000 7 7
INDUSTRIAL NEW 0.0190262 0.0109574 0.0006258 0.0424094 0.0424094
JT CONSTRUCTION 6 0 1 0.01180000 7 7
0.0123670 0.0071223 0.0004067 0.0296461 0.0296461
IU VACANT UNITS/EXCESS LAND 7 1 8 0.00975000 6 6
~ 0.0123670 0.0071223 0.0004067 0.0296461 0.0296461
IX VACANT LAND 7 1 8 0.00975000 6 6
0.0190262 0.0109574 0.0006258 0.0456094 0.0456094
LT LARGE INDUSTRIAL 6 0 1 0.01500000 7 7
0.0123670 0.0071223 0.0004067 0.0296461 0.0296461
LU VACANT UNITS/EXCESS LAND 7 1 8 0.00975000 6 6
0.0091101 0.0052466 0.0002996 0.0251182 0.0251182
PT PIPELINES 8 3 5 0.01046182 8 8
0.0018085 0.0010415 0.0000594 0.0033796 0.0033796
FT FARMLAND 8 8 9 0.00047000 5 5
0.0032554 0.0018748 0.0001070 0.0060833 0.0060833
R1 FARMLAND DEV PH 1 4 4 8 0.00084600 6 6