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BYLAW - 2003 Property Tax Rates - 20030513 - 443303FTHE CORPORATION OF THE TOWN OF AURORA By-law Number 4433-03.F BEING A BY-LAW to Set and Levy the Rates of Taxation for the Year 2003. WHEREAS it is necessary for the Council of the Corporation of the Town of Aurora (the "Town") to levy pursuant to the Municipal Act, 2001 S.O. 2001 c. 25 as amended (the "Act"), certain tax rates on the whole of the rateable property according to the last revised assessment roll for the Town for the purpose of raising the Town's estimated expenditures adopted for the year 2003, and these tax rates are included in the tax rates shown on Schedule "A" to this by-law; AND WHEREAS the property classes have been prescribed by the Minister of Finance under the Assessment Act, R.S.O. 1990 chA31 as amended and Regulations thereto; AND WHEREAS The Regional Municipality of York has approved the tax rates to raise their estimated expenditures adopted for the year 2003, an these tax rates are included in the tax rates shown on Schedule "A" to this by-law; AND WHEREAS pursuant to Ontario Regulation 400/98 as amended by Ontario Regulation 74/03, the Minister of Finance has established the Education Tax Rates for all property classes for the year 2003, and these tax rates are included in the tax rates shown on Schedule "A" to this by-law; AND WHEREAS an Interim Tax 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 2003 year; NOW THEREFORE THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA ENACTS AS FOLLOWS: 1. THAT for the year 2003, 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 2003 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 as prescribed in Schedule "A" for the year 2003. 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 as prescribed in Schedule "A" for the year 2003. By-law No. 4433-03.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 as prescribed in Schedule "A" for the year 2003. 7. THAT all taxes levied under the authority of this By-law, shall be due and payable in two instalments one during the final week of July (July 25th) and one during the final week of September (September 24th), 2003. These due dates are subject to amendment by the Treasurer, if required, to meet the statutory notice period required in the Act. 8. THAT all taxes payable under the Pre-authorized Tax Payment Plan, shall be due and payable on the last day of each calendar month, starting in January and continuing until September, 2003. 9. THAT the Treasurer shall add to the Collector's Roll all or any Municipal charges in arrears for Water and Sewer Billings, Cutting Weeds, Property Standard Infractions, or any other charges which should be levied pursuant to any Statue or By-law against the respective properties chargeable therewith and that the same shall be collected by the Tax Collector in the same manner and at the same time as all other rates or levies. 10. THAT interest at the rate of one and one quarter percent (1.25%), (15.0% per annum), shall be levied on the 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, 2003. 11. THAT if any taxes levied pursuant to this by-law remain unpaid as at December 31,2003, 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 1st, 2004 for each month or fraction thereof until such taxes are paid. 12. THAT if in default of any instalment by the day named for payment thereof, the subsequent instalments shall forthwith become due and payable. 13. THAT the Tax Collector is hereby authorized to mail or cause to be mailed the notices specifying the amount of taxes payable by a person liable for property taxes, addressed to them at their place of residence or place of business. 14. THAT the Treasurer shall apply all payments received, including partial payments to accounts on a consistent basis. 15. THAT Schedule "A" attached hereto shall be and form a part of the By-law. 16. THAT the provisions of this By-law shall come into force and take effect upon third reading thereof. 17. THAT all by-laws or parts thereof inconsistent with the provisions of this by-law be and the same are hereby repealed. READ A FIRST AND SECOND AND THIRD TIME THIS 13'h DAY OF MAY, 2003. CLERK ( TAX CLASS Residential Taxable: Full MultiwResidential Taxable: Full Commercial Taxable: Full Commercial Taxable: Excess Land ,Commercial Taxable: Vacant Land Shopping Centre Taxable: Full Shopping Centre Taxable: Vacant Land Industrial Taxable: Full Industrial Taxable: Full Shared as PIL Industrial Taxable: Excess Land Industrial Taxable: Vacant Land Industrial Taxable: Farmland 1 Large Industrial Taxable: Full Pipelines Taxable: Full Farm Taxable: Full Managed Forests Taxable: Full Railway Right-of~WayTaxable: Full Utility Trans/Distrib Taxable: Fuii..Shared as PIL Utility Trans/Disrib-Trf Educ to Town Total PAYMENflNLIEU CLASS Residential PIL General Rate Commercial PIL Full Rate Commercial PIL General Rate Commercial PIL Tenant of the Province Industrial PIL Full Rate Railway Right-of-Way PIL General Rate Transfer Non-shared Education To Town Total TOWN OF AURORA 2003 PROPERTY TAX RATES SCHEDULE "A' TO BY-LAW 4433.03.F QUALIFIERI Assessment RT MT CT cu ex ST su IT IH IU IX 11 LT PT FT TT WT UH UH QUALIFU:Rr--Assessment I town of Aurora RG CF CG CP IF WG \\\\\\\\\\~~~~~~~)~ ,~.~~aL!:= ~:=~~ ''''''"'''·=!":O"~"~n 0.00399351 ::::::::~~~~:'!': $ 26;!50;11!0 Education Tax Rates · o.oo33sooo /H J it*~ TOTAL 2003 RATE . 2.736297% ""'"""~· """~.-~ .. it 1.915408% H.. . ~~~i 1.915408% :::::::::::::::::::::::::::::::::: .... , ... , ... ,. """''''" ;;;•;;; 2.736297% ·; $ 1,208.66. Education Tax Rates • 1.915408% . 3.189156% i" 3.189156% . '• 2.072951% '2.072951% I 0.305917% ..• 3.189156% . 2.603431% .. 0.305917% . 0.305917% TOTAL 2003RATE • 0.888665% 2.736297% 0.977532% 2.736297% 3.189156%