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HomeMy WebLinkAboutBy-law No. 1998-014 CORPORATION OF THE MUNICIPALITY OF BAYHAM BY-LAW NO. 98-14 A BY-LAW TO PROVIDE FOR AN INTERIM TAX LEVY TO PROVIDE FOR THE PAYMENT OF TAXES AND TO PROVIDE FOR PENALTY AND INTEREST OF 1.25 PERCENT. WHEREAS Section 370 (8) and (9) of The Municipal Act, Chapter M. 45, R.S.O. 1990, as amended by Bills 106, 149 and 164 provides that the Council of a local municipality may, in 1998 before the adoption of the estimate for the year, pass a by-law to levy on the whole of the assessment for real property according to the last revised assessment roll, a sum not to exceed that which would be produced by applying the prescribed percentage (or 50 percent if no percentage is otherwise prescribed) of the total 1997 mill rate to residential and farm assessment, and; WHEREAS Section 370 (8) and (9) of The Municipal Act, Chapter M. 45, R.S.O. 1990, as amended by Bills 106, 149 and 164 provides that the Council of a local municipality may, in 1998 before the adoption of the estimate for the year, pass a by-law to levy on the whole of the assessment for real property according to the last revised assessment roll, a sum not to exceed that which would be produced by applying the prescribed percentage (or 50 percent if no percentage is otherwise prescribed) of the notional mill rates that the municipality is required to calculate to commercial & industrial assessment and the assessment that relates to pipelines, railways, hydro corridors, airports and other such unique properties, and; WHEREAS Section 370 (8) and (9) of The Municipal Act, Chapter M. 45, R.S.O. 1990, as amended by Bills 106, 149 and 164, and Regulation 523/97 provides that the Council of a local municipality may, in 1998 before the adoption of the estimate for the year, pass a by-law to levy on the whole of the assessment for real property according to the last revised assessment roll, a sum not to exceed that which would be produced by applying the prescribed percentage of the 1997 mill rate to properties coded as either"FL", "MF" or"CL". Now THEREFORE the Council of the Corporation of the Municipality of Bayham enacts as follows: i) An interim tax levy of 195 is hereby imposed and levied on the whole of the assessment for real property in the residential and farm classes according, to the last revised assessment roll of the former municipality of the Corporation of the Township of Bayham. ii) An interim tax levy of 219 mills is hereby imposed and levied on the whole of the assessment for real property in the residential and farm classes according, to the last revised assessment roll of the former municipality of the Corporation of the Village of Port Burwell. iii) An interim tax levy of 185 mills is hereby imposed and levied on the whole of the assessment for real property in the residential and farm classes according, to the last revised assessment roll of the former municipality of the Corporation of the Village of Vienna. 2. i) An interim tax levy of 262 mills is hereby imposed and levied on the whole of the assessment for real property in the commercial/industrial class, according to the last revised assessment roll of the former municipality of the Corporation of the Township of Bayham. ii) An interim tax levy of 359 mills is hereby imposed and levied on the whole of the assessment for real property in the commercial/industrial class, according to the last revised assessment roll of the former municipality of the Corporation of the Village of Port Burwell. iii) An interim tax levy of 306 mills is hereby imposed and levied on the whole of the assessment for real property in the commercial/industrial class, according to the last revised assessment roll of the former municipality of the Corporation of the Village of Vienna. 3. i) An interim tax levy of 97 mills is hereby imposed and levied on the whole of the assessment for real property in the "FL" code, according to the last revised assessment roll of the former municipality of the Corporation of the Township of Bayham. ii) An interim tax levy of 110 mills is hereby imposed and levied on the whole of the assessment for real property in the "FL" code, according to the last revised assessment roll of the former municipality of the Corporation of the Village of Port Burwell. iii) An interim tax levy of 93 mills is hereby imposed and levied on the whole of the assessment for real property in the "FL" code, according to the last revised assessment roll of the former municipality of the Corporation of the Village of Vienna. 4. i) An interim tax levy of 49 mills is hereby imposed and levied on the whole of the assessment for real property in the "ML" code, according to the last revised assessment roll of the former municipality of the Corporation of the Township of Bayham. ii) An interim tax levy of 55 mills is hereby imposed and levied on the whole of the assessment for real property in the "ML" code, according to the last revised assessment roll of the former municipality of the Corporation of the Village of Port Burwell.. iii) An interim tax levy of 46 mills is hereby imposed and levied on the whole of the assessment for real property in the "ML" code, according to the last revised assessment roll of the former municipality of the Corporation of the Village of Vienna. 5. i) An interim tax levy of 0 mills is hereby imposed and levied on the whole of the assessment for real property in the "CL" code, according to the last revised assessment roll of the former municipality of the Corporation of the Township of Bayham. ii) An interim tax levy of 0 mills is hereby imposed and levied on the whole of the assessment for real property in the "CL" code, according to the last revised assessment roll of the former municipality of the Corporation of the Village of Port Burwell. iii) An interim tax levy of 0 mills is hereby imposed and levied on the whole of the assessment for real property in the "CL" code, according to the last revised assessment roll of the former municipality of the Corporation of the Village of Vienna. 6. The said interim tax levy shall become due and payable in two instalments as follows: 50 percent of the interim levy rounded upwards to the next whole dollar shall become due and payable on the 29th day of May, 1998; and the balance of the interim levy shall become due and payable on the 27th day of February, 1998 and non payment of the amount on the dates stated in accordance with this section shall constitute default. 7 On all taxes of the interim levy, which are in default on the first day following the due date a penalty of 1.25 percent shall be added and thereafter a penalty of 1.25 percent per month will be added on the first day of each and every month the default continues, until December 31d of 1998. 8. a) On all taxes of the interim tax levy in default on January 1, 1999 interest will be added at the rate of 1.25 percent per month for each month or fraction thereof of default. b) On all other taxes in default on January 1, 1998, interest shall be added at the rate of 1.25 percent per month or fraction thereof, and all by-laws and parts of by-laws inconsistent with this policy are hereby rescinded. 9. Penalties and interest added on all taxes of the interim tax levy in default shall become due and payable and shall be collected forthwith as if the same had originally been imposed and formed part of such unpaid interim tax levy. 10. The collector may mail or cause the same to be mail to the residence or place of business of such person indicated on the last revised assessment roll, a written or printed notice specifying the amount of taxes payable. 11. That taxes are payable at the Municipality of Bayham Municipal Office, Straffordville, Ontario, or at the Straffordville, Port Burwell or Tillsonburg Branches of the Canadian Imperial Bank of Commerce or by Telephone Banking Service. READ A FIRST AND SECOND TIME this 22' day of January, 1998. READ A THIRD TIME AND FINALLY PASSED this 22" day of January, 1998. MAYO LERK