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BYLAW - Levy Interim Tax Rate - 20001219 - 424600F·,_-, THE CORPORATION OF THE TOWN OF AURORA By-law Number 4246-00.F BEING A BY-LAW to levy an Interim Tax Rate for the year 2001. WHEREAS Section 370 (1) of the Municipal Act, R.S.O. 1990, as amended authorizes the Council of a local municipality to pass a by-law before the adoption of the estimates for the year, to levy a separate tax rate on the assessment in each property tax class in the municipality; AND WHEREAS the municipal Council of the Corporation of the Town of Aurora has not adopted estimates for the year 2001: AND WHEREAS the municipal Council of the Corporation of the Town of Aurora wishes to impose an Interim Tax Levy as authorized by Section 370 of the Municipal Act R.S.O. 1990 as amended; NOW THEREFORE THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA ENACTS AS FOLLOWS: 1. THAT the Council of the Corporation of the Town of Aurora is hereby authorized to levy in 2001 on the whole assessment of all taxable assessed property according to the last revised assessment roll, the sum required to produce an amount not exceeding fifty percent (50%) of the 2000 taxes levied for each property. 2. THAT for new properties added to the last revised assessment roll, the said interim tax rates for 2001 for each of the property tax classes are calculated at 50% of the year 2000 property tax rates as follows: TAX CLASS Residential I Farm-PIL General Rate Residential and Farm-PIL Full Rate Residential and Farm Multi-Residential-PIL Full Rate QUALIFIER RG RP RT MF Multi-Residential MT Commercial-Occupied PIL Full Rate CF Commercial-Occupied PIL General Rate CG Commercial-Occupied CM Commercial-Provincial Occupied PIL Full Rate CP Commercial-Occupied CT Commercial-Excess Land CU Commercial-Vacant Land CX Shopping Centres-Occupied ST Shopping Centres-Excess Land SU Industrial-Occupied PIL Full Rate 1F Industrial Occupied IT Industrial-Excess Land IU Industrial-Vacant Land IX Industrial-Farmland Awaiting Development I1 Large Industrial Occupied LT Large Industrial-Excess Land LU Pipelines PT Farmland FT Managed Forests TT Utility Transmission UT Railway Right-of-ways WT TAX RATE 0.464200% 0.671200% 0.671200% 1.176016% 1.176016% 1.702378% 0.534328% 0.534328% 1.702378% 1.702378% 1.191699% 1.191699% 1.702378% 1.191699% 2.118453% 2.118453% 1.376995% 1.376995% 0.167800% 2.118453% 1.376995% 1.400049% 0.167800% 0.167800% 10.213400% 2.582900% By-law No. 4246-00.F Page 2 3. THAT the Director ofFinance and/or Revenue Supervisor of the Corporation of the Town of Aurora be authorized to amend in whole or in part any billing issued under this by-law to comply with any provincial legislation which may be introduced by the Province of Ontario prior to or after the issuance ofthe interim billing. 4. THAT for the purposes of calculating the total 2000 taxes, if any taxes were levied in 2000 for only part of the year because assessment was added to the assessment roll during 2000, an amount shall be added equal to the additional taxes that would have been levied if the taxes had been levied for the entire year. 5. THAT taxes maybe levied under this by-law on a property that is rateable for 2001, even if the property was not rateable for 2000, including assessment of property that is added to the assessment roll after the by-law is passed 6. THAT the said interim tax levy shall become due and payable in two instalments as follows: First Installment Second Installment Monday, February 26, 2001 Thursday, April 26, 2001 7. THAT on all taxes which remain unpaid on the due date, a penalty of one and one quarter per cent (1 1/4%)(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 31,2001. 8. THAT on all taxes levied pursuant to this by-law remaining unpaid as at December 31, 2001, interest at the rate of one and one quarter per cent (1 1/4%)(15% per annum) of the unpaid taxes shall be levied from December 31, 2001 and for each month or fraction thereof until such taxes are paid. 9. THAT 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. THAT all taxes payable under the Tax Payment Plans, shall be due and payable on the last business day of each calendar month, starting in January and continuing until September in the year 2001. 11. THAT the Director of Finance of the Corporation of the Town of Aurora be authorized to extend the Tax Payment Plan beyond September 2001, should the need arise. 12. THAT the Director of Finance of the Corporation for the Town of Aurora mail or cause 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. 13. THAT the Director of Finance of the Corporation for the Town of Aurora be authorized to adjust the billing schedule and tax rate set out herewith, if required, in order to comply with Provincial legislation or regulations which may be received subsequent to the passing of this bylaw. 14. 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 J9'h DAY OF DECEMBER, 2000. DECEMBER, 2000. B. CLERK \ '·