Loading...
By-law No. 1998-074 CORPORATION OF THE MUNICIPALITY OF BAYHAM BY-LAW NO. 98-74 BEING A BY-LAW TO ADOPT THE ASSESSMENT ON WHICH TAXES SHALL BE LEVIED FOR THE YEAR 1998, THE CURRENT ESTIMATES FOR YEAR 1998, TO ESTABLISH A LEVY FOR THE YEAR 1998, TO ADOPT TAX RATES, PROVIDE FOR PENALTY AND INTEREST IN DEFAULT OF PAYMENT AND THE COLLECTION THEREOF. WHEREAS Section 368 of the Municipal Act, Chapter M.45, R.S.O. 1990, as amended by Bills 106, 149, 160, 164 and 16 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 362 and 363 of the Municipal Act, Chapter M.45, RS.O. 1990 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. WHEREAS Section 367 of the Municipal Act, Chapter M.45, R.S.O. 1990, as amended, provides that the Council of each lower-tier municipality shall in each year prepare and adopt estimates of all sums required during the year for the purposes of the lower-tier municipality, and; WHEREAS by action of the Province of Ontario, provision was made for the taking of the assessment of the Municipality by the Regional Assessment Commissioner, as the assessment on which the rate of taxation for the year 1998 should be levied, 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$1,362,671 for the purposes of the lower-tier municipality for the current year, and; NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE MUNICIPALITY OF BAYHAM HEREBY ENACTS AS FOLLOWS: 1. THAT the assessment contained in the assessment roll of the Municipality of Bayham as made pursuant to Province of Ontario Regulations, be hereby adopted and confirmed as the assessment of which the rate of taxation for the year 1998 shall be levied. 2. THAT the said assessment roll be hereby adopted and confirmed as the last revised assessment roll for the said Municipality. 3. THAT for the purpose of providing the sum of$1,362,671 for the purposes of the Corporation be hereby levied for the year 1998 upon the whole of the said assessment of the Municipality according to the last revised assessment roll. 4. THAT for the purpose of providing the sum of$1,181,729 for the County of Elgin general levy be hereby levied for the year 1998 upon the whole of the said assessment of the Municipality according to the last revised assessment roll. 5. THAT in addition,for the purposes of providing the sum of$1,365,768 for public and separate school education purposes be hereby levied for the year 1998 upon the respective portions of the said assessment of the School supporters of the said assessment of the School supporters of the said Municipality according to the last revised assessment roll. By-law 98-74 -2 • August 11,1998 6. THAT the following tax rates are hereby adopted to be applied against the whole assessment for real property in the respective property class: PROPERTY CLASS TAX RATE Residential/farm 1.433314% Multi-residential 3.046288% Commercial occupied 3.553688% Commercial vacant units and land 2.487582% Industrial occupied 6.591549% Industrial vacant units and land 4.284517% Pipelines 2.518789% Farmlands 0.358328% ed forests 0.358328% 7. THAT the Clerk shall prepare and deliver the Collector's Roll to the Tax Collector on or before the 21gt day of August, 1998. 8. THAT all taxes and other special rates shall be paid in the office of the Tax Collector or Treasurer of the Municipality of Bayham. 9. THAT taxes shall become due and payable one-half on or before September 11, 1998 and one- half on or before November 27, 1998 and non-payment of the amount, as noted, on the dates stated in accordance with this section shall constitute default. 10. 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 14 day of each and every month the default continues,until December 31st, 1998. 11. THAT on all taxes in default on January 14, 1999, interest shall be added at the rate of 1.25% per month for each month or fraction thereof in which the default continues. 12. 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. 13. 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. 14. THAT all by-laws inconsistent with the provisions of this by-law are hereby repealed. READ A FIRST AND SECOND TIME this 11th day of AUGUST, 1998. READ A THIRD TIME AND FINALLY PASSED THIS 11th day of AUGUST 1998. ' • ,•- •;:?•-)411. 1"6Th e-lievv_c&P MAYO L CLERK LB 07.13.99 TAX RATES CALCULATION LEVY CALCULATION 1998 1999 %Inc())ec) Total budgeted expenditures 3,966,401 3,982,134 0.40% Total budgeted revenues(exclude taxes) 2,679,253 2,212,895 -17.41% Expenditures-Revenues 1,287,148 1,769,239 37.45% Surplus or(deficit)&am previous year: (75,523) 368,703 -588.20% Mumcipaliiys Levy 1,362,671 1,400,536 2.78% County Levy School Board Levy Total Levy 1,362,671 1,400,536 2.78% 1999 1998 Clans 1998 1999 Trans Weighted % Estimated Tax Tea % CVA CVA Ratios CVA Share Taxation Rates Rates lnoCDec) Res/Farm English-Public 185,716,385 188,941,359 1.0000 188,941,359 71.02 994,673.91 0.00526446 0.00521265 0.99 English-Sep 16,607,837 16,797,452 1.0000 16,797,452 6.31 88,429.49 0.00526446 0.00521265 0.99 No Support 58,000 58,000 1.0000 58,000 0.02 305.34 0.00526446 0.00521265 0.99 French-Public 828,826 763,542 1.0000 763,542 0.29 4,019,64 0.00526446 0.00521265 0.99 French-Sep 343,062 344,052 1.0000 344,052 0.13 1,811.25 0.00526446 0.00521265 0.99 Muhl-ins English-Public 2,438,987 2,582,058 2.6572 6,861,045 2.58 36,119,69 0.01398872 0.01385104 0.99 English-Sop 267,528 165,942 2.6572 440,941 0.17 2,321.32 0.01398672 0.01385104 0.99 French-Public 41,485 0 2.6572 0 0.00 - #DIV10! 0.01385104 #DIV10! Comm Oec. 9,637,070 11,203,455 1.7720 19,852,522 '7.46 104,512.78 0.00932862 0,00923681 0.99 Comm Vac.Unit 1,774,515 338,785 1.2404 420,229 0.16 2,212.26 0.00653003 0.00646577 0.99 Comm Vae,Land 319,295 291,500 1.2404 361,577 0.14 1,903.51 0.00653003 0.00646577 0.99 Ind Occ. 930,040 1,256,210 3.3312 4,184,687 1.57 22,030.11 0.01753696 0,01736437 0.99 Ind Vac. 505,025 282,280 2.1653 611,221 0.23 3,217.75 0.01139913 0.01128694 0.99 14.Ind Oa, 0 0 4.2394 0 0.00 - 8DIV10! 0.00000000 #DIVIO! 14 Ind Vac. 0 0 2.7556 0 0.00 - #DIVl01 0,00000000 #01V101 Pipelines 4,148,000 4,094,000 1.2557 5,140,836 1.93 27,063.72 0.00661058 0.00654552 0.99 Farmlands English-Public 61,540,255 61,132,934 0.2500 15,283,234 5.74 80,457.95 0,00131611 0.00130316 099 English-Sep 10,650,430 10,151,200 0.2500 2,537,800 0.95 13,360.14 0.00131611 0.00130316 0.99 French-Public 267,650 267,650 0.2500 66,913 0.03 352.26 0.00131611 0.00130316 0.99 Mgd Forests English-Public 211,096 208,673 0.2500 52,168 0.02 274.64 0.00131611 0.00130316 0.99 English-Sep 25,918 25,955 0.2500 6,489 0.00 34.16 0.00131611 0.00130316 0.99 French-Public 23 26 0.2500 7 0,00 0.03 0,00131611 0,00130316 0.99 French-Sep 38 41 0.2500 10 0.00 0.05 0.00131611 0.00130316 0.99 296,311,465 296,905,114 262,724,082 129,149.96 1,383,100 PUS Comm 0cc.-full 30,300 30,300 1.7720 53,692 0.02 282.66 0.00932862 0.00923681 0.99 Comm Occ.-gm 1,724,000 1,724,000 1.7720 3,054,928 1.15 16,012.54 0.00932862 0.00923611 0,99 Comm Vac.-gen 164,000 164,000 1.2404 203,426 0.08 1,070.93 0.00653003 0.00646577 0.99 1,918,300 1,918,300 3,312,045 1,628.14 17,436 EXEMPT English-Public 24,000 24,000 No Support 10,686,085 10,762,675 10,710,085 10,786,675 0 Assessment Roll 308,939,850 311,610,089 2660362127 /30778.10 1,400,536 lexcellbudgetlbud-97 Municipality of Bayham 1998 Tax Rates County General No Support total Multi-Res 0.01201184 0.01385104 0.00460000 0.03046288 Commercial Occupied 0.00801030 0.00923681 0.018289771 0.03553688 Commercial Vacant 0.00560721 0.00646577 0.01280284 0.02487582 Industrial Occupied 0.01505864 0.01736437 0.03349248 0.06591549 Industrial Vacant 0.00978812 0.01128694' 0.02177011 0.04284517