2021-062Page 1 of 2
THE CORPORATION OF THE TOWN OF TILLSONBURG
BY-LAW 2021-062
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 2021.
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, and
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.
BE IT THEREFORE ENACTED by the Council of the Corporation of the Town of
Tillsonburg as follows:
1. That the budget estimates setting out the revenues and expenditures as detailed
in the Business Plans for the year 2021, and endorsed by resolution, January
11th, 2021, raising the following amounts from realty taxation be adopted:
a. A general municipal levy of $16,730,747
b. A special levy for core area parking of $140,500
c. A special levy for the Business Improvement Area of $139,450
2. That the tax rates hereby adopted for each class for the year 2021, 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
By-Law 2021 -062
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: Thursday, August 26 , 2021
SECOND INSTALMENT: Thursday , October 21, 2021
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 2021 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 , 2021, 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 , 2021 shall be charged on the first day of each calendar
month thereafter in which default continues .
6 . This by-law all come into effect on the date of the final passing thereof.
READ A FIRST D SECOND TIME THIS 25th day of MAY, 2021.
AND FINAL TIME AND PASSED THIS 25th day of MAY, 2021.
Page 2 of 2