HomeMy WebLinkAboutBy-law No. 2023-090THE CORPORATION OF THE MUNICIPALITY OF BAYHAM
BY-LAW NO. 2023-090
A BY-LAW TO PROVIDE FOR AN INTERIM TAX LEVY
WHEREAS Section 317 of The Municipal Act, 2001, Chapter 25, S.O. 2001, as amended,
provides for an interim levy for 2024 on the assessment of property in the municipality rateable
for local municipal purposes, subject to certain restrictions;
AND WHEREAS the Council of the Corporation of the Municipality of Bayham deems it
advisable and expedient that such a levy should be made;
THEREFORE THE COUNCIL OF THE CORPORATION OF THE MUNICIPALITY OF
BAYHAM ENACTS AS FOLLOWS:
1, THAT for the year 2024, the interim tax levying amounts to be levied, raised and
collected on all real property taxable within the residential, farmland, pipeline, multi -
residential, commercial and industrial classes, and liable to pay the same according to
the last revised assessment roll, shall be fifty (50) percent (%) of the total amount of
annualised taxes for municipal and school purposes levied on the property for the
previous year, that is for the year 2023;
2. THAT the said interim tax levying amounts shall be due and payable in two instalments
at the Municipality of Bayham Office at 56169 Heritage Line, Straffordville, on or before
the following dates:
FIRST INSTALMENT February 29, 2024
SECOND INSTALMENT May 31, 2024
Notice of such taxes due shall be sent by first class mail by the Tax Collector to those
persons or firms liable for the payment of taxes;
5. THAT a charge as a penalty of one and one -quarter per cent on the amount of any
outstanding taxes levied in 2024 shall be made on the first day of each calendar month
thereafter in which default continues, until December 31st 2024, and any such additional
amount shall be levied and collected in the same manner as if it had been originally
imposed with and formed part of such levy,-
S. THAT interest of one and one -quarter per cent on the amount of any taxes due and
unpaid after December 31, 2024, shall be charged on the first day of each calendar
month thereafter in which the default continues;
7. THAT taxes may be levied, in accordance with the provisions of this by-law on the
assessment of property that is added to the assessment roll after this by-law is passed;
By-law 2023-090 -�'-
S. THAT the provisions of the Municipal Act with respect to the levy of the yearly rates and
the collection of taxes apply mutatis mutandis to the levy of rates and collection of taxes
under this by-law;
c THAT this by-law shall become effective as of the 1 st day of January 2024.
READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 21St
DAY OF DECEMBER 2023.
MAYOR CLERK