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BYLAW - 2002 Tax Rates - 2020528 - 464602FTHE CORPORATION OF THE TOWN OF AURORA By-law Number 4343-02.F BEING A BY-LAW to Set and Levy the Rates of Taxation for the Year 2002. WHEREAS it is necessary for the municipal 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 L-0125- 2002-019, The Regional Municipality of York passed a By-law to set and levy the rates of taxation for regional general purposes for the year 2002; AND WHEREAS pursuant to Ontario Regulation 400/98 as amended by Ontario Regulation 169/01 established by the Minister of Finance, the Education Tax Rate for all property classes is prescribed; AND WHEREAS an interim levy was made on the Residential & Farm, Multi-Residential, Commercial, Industrial, Pipeline, Farmlands and Managed Forest classes of property, 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 2002, The Corporation of the Town of Aurora shall levy upon the Residential & Farm Assessment, Multi-Residential Assessment, Commercial Assessment, Industrial Assessment, Pipeline Assessment, Farmland Assessment and Managed Forest Assessment the rates of taxation per current value assessment, as adjusted by the provisions of Bill 140, 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 2002 on the Residential & Farm, Multi-Residential, Commercial, Industrial, Pipeline, Farmlands and Managed Forest classes of property; 4. THAT for the payments-in-lieu of taxes due to The Corporation 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 2002. 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, 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 2002. By-law No. 4343-02.F Page 2 6. THAT for the utility transmission line taxes due to The Corporation of the Town of Aurora in accordance with the Regulations as established by the Minister of Finance, 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 2002. 7. THAT all taxes levied under the authority of this By-law, shall be due and payable in two instalments, the first being July 25th and the second being September 26th, 2002. These due dates are subject to amendment by the Director of Financerrreasurer, if required, to meet the statutory timing required following the tax demand date. 8. THAT there be imposed as a penalty, a percentage charge of one and one quarter percent (1.25%), (15.0% per annum), on non-payment of any instalment of the taxes or any portion thereof on the first day of each calendar month following default, but not after the 31st day of December, 2002. 9. THAT if any taxes levied pursuant to this By-law remain unpaid as at December 31, 2002, interest at the rate of one and one quarter percent (1.25%) (15.0% per annum) of the unpaid taxes shall be levied from January 15 \ 2003 for each month or fraction thereof until such taxes are paid. 10. THAT if in default of any instalment by the day named for payment thereof, the subsequent instalments shall forthwith become due and payable. 11. THAT the Tax Collector is hereby authorized to mail or cause to be mailed the notices provided for by section 392 of the Municipal Act to the addresses of the residences or places of business of the persons to whom such notices are required to be given. 12. THAT Schedule "A" attached hereto shall be and form a part of the By-law. 13. THAT By-law No. 4256-01.F shall be repealed. 14. THAT the provisions of this By-law shall come into force and take effect upon third reading thereof. READ A FIRST AND SECOND AND THIRD TIME THIS 28TH DAY OF MAY, 2002. TOWN OF AURORA SCHEDULE "A' TO BY-LAW 4343.02.F 0 I May23, 2002 I i TAX CLASS Assessment Town of Aurora Region of York Education Total 2002 Rate Tax Rates Tax Levy Tax Rates Tax Levy Tax Rates Tax Levy Residential and Farm RT ·~~-~~·~· 1.306618% Multi-Residential MT 1.566703% Commercial-Occupied CT 3.028995% i I Commercial-General CM 1.026979% Commercial-Vacant Units cu 2.120297% J Commercial-Vacant Land ex 2.120297% I !!1111!11:1!~~~ ~:~!:~~~~ !! !=!I!! I~~~~~ ~::~~~~ lr!!!!ll i !lr!llilll ~:~~~:~~ ·~ i!!!!!l !l!!!!l~lfii!! 3.028995% ~ Shopping Centre-occupied ST ' Shopping Centre-Vacant su 2.120297% ~ lndustriai.OCcupied IT llllllllillll ~:~E~~IJ. !!illl11;liil gg~~ l!.ll!.li 1111!.1111!.!. I~m~~··llll!.iil!lil!.!llll!.l 3.716825% F f Industrial-Vacant Units IU 2.415936% ~ Industrial-Vacant Land IX 2.415936% t· Industrial-Farmland Awaiting Development 11 0.326654% 1} \ Large Industrial-Occupied LT : ; l~~-~~~~ ~:~~:~:~ !1!-!i~illl, !~~*;~~~ ~:~~:~~ ··!!!!1!: lii!ii"~~llll ~:~~~~~~ i !!11!111! !ll!filll1~!1!! 3.716825% f 0 Large IndUstrial-Vacant LU 2.415936% j): 0 :•••r?WtioillMiolm o.345941%•··•· •··•••·••·••·•t-T' n•••••••u;lmltt o.512053%/t mt«•t , •. , •. , "it$iitili:iit 1.830697% w•••••Mttttt ia:iit-.att 2.688691% l Q Pipelines PT ,, t t Farmlands ~: FT t••t•~ikililliii®U o.o94108% u •?st •••tl!O'l:isi!t o.139296% tmmtm •: w••Is:S® • o.os32so%t•mmss •r nMlll:~Ri 0.326654% F ;:: tJ:) IManaged Forests TT •••·•'••••mrt1il2i2®r o.o94108% •i•••crt?s \W;: •···:..-YA34" · o.139296% ·•t•·:ra'· n..-:rn·••:••••:••••iiu:: o.09325o%••·:::::-vt ··••:•••••n••••:mmaur 0.326654% Railway Right-of-Ways WT Utility Transmission Lines UH utility Transmission Lines-Trf Educ to Town UH Total PAYMENT IN LIEU CLASS QUALIFIER Assessment Town of Aurora Region of York Education Total2002 Rate Tax Rates Tax Levy Tax Rates Tax Levy Tax Rates Tax Levy Residential and Farm RG li I~l1!i2'l!ii o.376432%••• :!l~ll,.!ili!l~~~1 o.557186% i(i!l lj~jj(l !ll!lt~l~tl o.oooooo% 0.933618% Commercial-Occupied-Full Rate CF II:=:•:~:IUil=: 3.028995% Commerciai..Qccupied-General Rate CG 1.026979% Commercial-Tenant of Prov-Full Rate CP 3.028995% Industrial-Occupied-Full Rate IF 3.716825% Transfer Non-shared Education To Town Total