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By-law No. 2010-066 THE CORPORATION OF THE 6013 L MUNICIPALITY OF BAYHAM BY-LAW NO.2010-066 BEING A BY-LAW TO ESTABLISH A LEVY FOR THE YEAR 2010 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 Iocal 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 $2,839,414 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 2010 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 10-12 be hereby levied for the year 2010 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 2010 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 27, 2010 and one-half on or before November 19, 2010, and non-payment of the amount, as noted, on the dates stated in accordance with this section shall constitute default. By-law 2010-066 -2- 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, 2010. 7. THAT on all taxes in default on January 1st, 2011, 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. 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 17TH DAY OF JUNE 2010. MAYOR CLERK By-law 2010-066 -3- CORPORATION OF THE MUNICIPALITY OF BAYHAM BY-LAW NO.2010-066 Schedule A Property Class 2010 Tax Rate Residential/Farm 0 . 6356681 Farmland Awaiting Development 0 . 3178341 Multi-Residential 1 .4911491 Commercial Occupied 1 . 040970% Commercial Vacant Units 0 . 728679% Commercial Vacant Land 0 . 728679% Industrial Occupied 1 .414424% Industrial Vacant Units 0 . 919376% Industrial Vacant Land 0 . 919376% Pipelines 0 . 727585% Farmlands 0 . 158917% Managed Forests 0 . 158917%