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By-Law 2023-087 A BY-LAW TO AMEND BY-LAW 2023-52 ADOPTING BUDGETARY ESTIMATES, TAX RATES, INSTALLMENT DUE DATES, AND TO FURTHER PROVIDE FOR PENALTY AND INTEREST ON DEFAULT OF PAYMENT THEREOF FOR 2023 (2) THE CORPORATION OF THE TOWN OF TILLSONBURG BY-LAW 2023-87 A BY-LAW TO AMEND BY-LAW 2023-52 ADOPTING BUDGETARY ESTIMATES, TAX RATES, INSTALLMENT DUE DATES, AND TO FURTHER PROVIDE FOR PENALTY AND INTEREST ON DEFAULT OF PAYMENT THEREOF FOR 2023 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 By-law 2023-52 be amended by replacing its Schedule A with Schedule A of this by-law, where the tax rates hereby adopted for each class for the year 2023, 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. This by- law shall come into effect on the date of the final passing thereof. READ A FIRST AND SECOND TIME THIS 13th day of November, 2023. READ A THIRD AND FINAL TIME AND PASSED THIS 13th day of November, 2023. ___________________________ MAYOR – Deb Gilvesy ______________________________ CLERK – Tanya Daniels /