HomeMy WebLinkAboutBy-law No. 2007-056 THE CORPORATION OF THE
MUNICIPALITY OF BAYHAM
BY-LAW NO.2007-056
BEING A BY-LAW TO ESTABLISH A LEVY FOR THE YEAR 2007,
TO ADOPT TAX RATES, PROVIDE FOR PENALTY AND
INTEREST IN DEFAULT OF PAYMENT AND THE COLLECTION
THEREOF.
WHEREAS the Municipal Act, 2001, S.O. 2001, c.25 as amended provides that the Council of a local
municipality pass a by-law to levy a separate tax rate on the assessment in each property class, and;
WHEREAS the Municipal Act, 2001, S.O. 2001, c.25 require tax rates to be established in the same
proportion to tax ratios, and;
WHEREAS certain regulations require reductions in certain tax rates for certain classes or subclasses of
property, and;
WHEREAS it is necessary and expedient to levy on the whole rateable property according to the last
revised assessment roll of the Municipality the sum of $2,433,604 for the purposes of the lower-tier
municipality for the current year,
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE MUNICIPALITY OF
BAYHAM HEREBY ENACTS AS FOLLOWS:
1. THAT for the purpose of providing for the Corporation's general purposes, the tax rates set out in
Schedule "A" be hereby adopted and levied for the year 2007 upon the whole of the said
assessment of the Municipality according to the last revised assessment roll.
2. THAT for the purpose of providing for the County of Elgin general levy, the tax rates set out in
County of Elgin By-Law 07-07 be hereby levied for the year 2007 upon the whole of the said
assessment of the Municipality according to the last revised assessment roll.
3. THAT in addition, for the purposes of providing for the public and separate school education
purposes, the tax rates set out by the Minister of Finance under Regulation 98/06,as revised, of the
Education Act be hereby levied for the year 2007 upon the respective portions of the said
assessment of the School supporters of the said Municipality according to the last revised
assessment roll.
4. THAT all taxes and other special rates shall be paid in the office of the Tax Collector or Treasurer
of the Municipality of Bayham.
5. THAT taxes for all properties shall become due and payable one-half on or before August 24,
2007 and one-half on or before November 23,2007, and non-payment of the amount, as noted,on
the dates stated in accordance with this section shall constitute default.
6. THAT on all taxes, which are in default on the 1st day following the above noted due dates, a
penalty of 1.25% shall be added and thereafter a penalty of 1.25%per month will be added on the
1St day of each and every month the default continues,until December 31st,2007.
7. THAT on all taxes in default on January 1st, 2008, interest shall be added at the rate of
1.25%per month for each month or fraction thereof in which the default continues.
8. THAT penalties and interest added in default shall become due and payable and shall be
collected as if the same had originally been imposed and formed part of such unpaid tax
levy.
9. THAT the Collector shall cause the same to be mailed to the residence or place of business
of such person indicated on the last revised assessment roll, a written or printed notice
specifying that amount of taxes payable.
By-lav 2007-56 -2-
10. THAT all by-laws inconsistent with the provisions of this by-law are hereby repealed.
READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 7TH DAY
OF JUNE, 2007.
J 1/, .. _ rte&
MAY� ' CLERK
By-law 2007-56 -3-
CORPORATION OF THE
MUNICIPALITY OF BAYHAM
BY-LAW NO.2007-56
Schedule A
Property Class 2006 Tax Rate
Residential/Farm 0 . 635729%
Farmland Awaiting Development 0 .317865%
Multi-Residential 1 . 491293%
Commercial Occupied 1 . 041070%
Commercial Vacant Units 0 . 728749%
Commercial Vacant Land 0 . 728749%
Industrial Occupied 1. 414561%
Industrial Vacant Units 0 . 919465%
Industrial Vacant Land 0 . 919465%
Pipelines 0 . 727656%
Farmlands 0 . 158932%
Managed Forests 0. 158932%