BYLAW - interim Tax Levy for 1998 - 19980128 - 390598FTHE CORPORATION OF THE TOWN OF AURORA
By-law Number 3905-98.F
BEING A BY-LAW to
provide for an interim tax
levy in the year 1998 and in
each succeeding year.
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 o
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 i
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 Town of Aurora ENACTS AS
FOLLOWS:
1. An interim tax levy of 55.596 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.
2. An interim tax levy of 94.555 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.
3. An interim tax levy of 27.798 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.
4. An interim tax levy of 13.899 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.
5. 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.
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6. The said interim tax levy shall become due and payable in two installments as
follows:
First Installment
Second Installment
February 27, 1998
April 30, 1998
7. On all taxes which remain unpaid on the due date, a penalty of one and one
quarter per cent (1 114% )(15% per annum) of the taxes remaining unpaid shall
be levied on the first day of each calendar month thereafter in which the default
continues until December 31, 1998.
8.(a) On all taxes levied pursuant to this by-law remaining unpaid as at December
31, 1998, interest at the rate of one and one quarter per cent (1 114% )(15% per
annum) of the unpaid taxes shall be levied from December 31, 1998 and for
each month or fraction thereof until such taxes are paid.
(b) On all other taxes levied by any by-law and remain unpaid as at the date of
passing this by-law, shall have interest charged at the same rate of one and one
quarter per cent (1114%) per month (15% per annum) calculated on the unpaid
taxes, on the first day of each calendar month for so long as the taxes remain
unpaid.
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 mailed 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. In default of payment of any installment by the day named for payment thereof,
the subsequent installments shall forthwith become payable.
READ A FIRST AND SECOND TIME THIS 28TH DAY OF JANUARY, 1998.
READ A THIRD TIME AND FINALLY PASSED THIS 28TH DAY OF JANUARY, 1998.
L.