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BYLAW - Set and Levy Rates of Taxation for 1988 - 19980723 - 397498FTHE CORPORATION OF THE TOWN OF AURORA By-law Number 3974-98.F BEING A BY-LAW to Set and Levy the Rates of Taxation for the Year 1998. WHEREAS it is necessary for the Council of the Corporation of the Town of Aurora pursuant to the Municipal Act to levy on the whole rateable property according to the last revised assessment roll for The Corporation of the Town of Aurora the sums set forth for various purposes in Schedule "A" hereto attached for the current year; AND WHEREAS the property classes have been prescribed by the Minister of Finance under the Assessment Act, R.S.O. 1990 ch.A.31 as amended and Regulations thereto; AND WHEREAS pursuant to The Regional Municipality of York By-law Number A-252-98-83, The Regional Municipality of York passed a By-law to adopt estimates of all sums required by The Regional Municipality of York for the purposes of the Regional Corporation and to provide a levy on Area Municipalities; AND WHEREAS pursuant to The Regional Municipality of York By-law Number A-253-98-84, The Regional Municipality of York passed a By-law to direct the Council of the Town of Aurora to levy specified tax rates on the assessment for school purposes; AND WHEREAS an interim levy was made before the adoption of the estimates for the current year; NOW THEREFORE THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA ENACTS AS FOLLOWS: 1. THAT for the year 1998, The Corporation of the Town of Aurora shall levy upon the Residential Assessment, Multi-Residential Assessment, Commercial Assessment, Industrial Assessment, Pipeline Assessment, Farmland Assessment and Managed Forest Assessment the rates of taxation per current value assessment for general purposes as set out in the Schedule "A" attached to this By-law; 2. THAT the estimates for the current year are as set forth in Schedule "A" attached to this By-law. 3. THAT the levy provided for in Schedule "A" attached to this By-law shall be reduced by the amount of the interim levy for 1998. 4. THAT for the payments-in-lieu of taxes due to The !=!orporation of the Town of Aurora, the actual amount due to The Corporation of the Town of Aurora shall be based on the assessment roll and the tax rates for the year 1998. 5. THAT for the railway rights of way taxes due to The Corporation of the Town of Aurora in accordance with the Regulations as established by the Minister of Finance, pursuant to the Municipal Act, R.S.O. 1990, ch.M 45, as amended, the actual amount due to The Corporation of the Town of Aurora shall be based on the assessment roll and the tax rates for the year 1998. By-law No. 3974-98.F Page 2 6. THAT Schedule "A" attached hereto shall be and form a part of this By-law. 7. THAT the provisions of this By-law shall come into force and take effect upon third reading thereof. READ A FIRST AND SECOND TIME THIS 2 3rdDAY OF JULY ' I998. READ A THIRD TIME AND FINALLY PASSED THIS 23rdDAY OF JULY , I998. T. L. ALLISON, MUNICIPAL CLERK SCHEDULE "A" r. ' r Town Rate Region Rate Education Rates I I Rate i I ' I ' Assessment Town of Aurora Region of York Education I Taxes Taxes Taxes ' I I Residential 2,611 '180,203 0.334290% 8,728,902 0.593949% 15,509,087 0.460000% 12,011,429 1.388239% I Multi Residential 41,660,570 0.697829% 290,720 1.239869% 516,537 0.460000% 191,639 2.397699% Commercial 184,260,465 0.394919% 727,679 0.701672% 1,292,905 2.336100% 4,304,509 3.432691% acant Units and Excess Land 24,761,221 0.276443% 68,451 0.491171% 121,620 1.635300% 404,920 2.402914% I acanlland 13,436,000 0.276443% 37,143 0.491171% 65,994 1.635300% 219,719 2.402914% I hopping Centre 25,131,836 0.394919% 99,250 0.701672% 176,343 2.336100% 587,105 3.432691% I acant 6,519,831 0.276443% 18,024 0.491171% 32,024 1.635300% 106,619 2.402914% 0.000000% i Industrial 32,395,365 . 0.534133% 173,034 0.949022% 307,439 2.864000% 927,803 4.347155% ! ~acant Units and Exess Land 18,452,730 0.347187% 84,065 0.616884% 113,828 1.861600% 343,516 2.825651% " ~ acant land 9,266,000 0.347187% 32,170 0.616884% 57,159 1.861600% 172,496 2.825651% ~ Farmland 1 or 2 760,000 0.083600% 635 0.148487% 1,129 0.115000% 874 0.347087% ffi •' f~e Industrial 41,904,835 0.534133% 223,828 0.949022% 397,686 2.884000% 1,200,154 4.347155% I acant 31,878,835 0.347187% 110,679 0.616884% 196,649 1.861600% 593,456 2.825651% il 0.000000% ipelines .. · 6,205,000 0.307212% 19,063 0.545839% 33,869 1.946900% 120,805 2.799952% :Farmlands· 6,688,845 0.083572% 5,590 0.148487% 9,932 0.115000% 7,692 0.347060% Managed Forests 81,992 0.083572% 69 0.148487% 122 0.115000% 94 0.347060% IRail Way Right of Way 1,121 1,991 6,535 10,600,423 18,834,313 21 '199,365 I 1 j_