BYLAW - Interim Property Tax Rates - 20070116 - 487907FTHE CORPORATION OF THE TOWN OF AURORA
By-law Number 4879-07.F
BEING A BY-LAW to levy an Interim Property Tax Rate
for the taxation year 2007.
WHEREAS Section 317 of the Municipal Act, 2001 as amended authorizes the Council
of a local municipality to pass a by-law before the adoption ofthe 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 2007:
AND WHEREAS the municipal Council of The Corporation of the Town of Aurora
wishes to impose an Interim Property Tax Levy as authorized by Section 317 of the
Municipal Act, 2001 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 2007 on the whole assessment of all taxable assessed
property according to the assessment roll returned December 12, 2006 by the
Municipal Property Assessment Corporation for the taxation year 2007, the sum
required to produce an amount not exceeding fifty percent (50%) of the 2006
taxes levied for each property.
2. THAT the 2007 Interim Property Tax Rates will be equivalent to fifty percent
(50%) of the 2006 Final Property Tax Rates as listed in Appendix "A" of this by-
law.
3. THAT the Director of Finance/Treasurer of The Corporation of the Town of
Aurora is 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 of the interim billing.
4. THAT for the purposes of calculating the total2006 taxes as noted in paragraph
1, if any taxes were levied in 2006 for only part of the year because assessment
was added to the assessment roll during 2006, 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 may be levied under this by-law on a property that is rateable for
2007, even if the property was not rateable for 2006, including assessment of
property that is added to the assessment roll after the by-law is passed.
6. THAT the said interim property tax levy shall become due and payable in two
installments as follows:
First Installment
Second Installment
Thursday, February 22, 2007
Tuesday, April 24, 2007
By-law 4879-07.F
Page 2 of 2
7. THAT on all taxes which remain unpaid on the due date, interest at the rate of
one and one quarter per cent (11/4% per month) (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, 2007.
8. THAT on all taxes levied pursuant to this by-law remaining unpaid as at
December 31, 2007, 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,
2007 and for each month or fraction thereof until such taxes are paid.
9. THAT 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 Tax Payment Plans, shall be due and payable on
the last business day of each calendar month, starting in January and continuing
until November in the year 2007.
11. THAT the Director of Finance/Treasurer of The Corporation of the Town of
Aurora be authorized to extend the Tax Payment Plan beyond November 2007,
should the need arise.
12. THAT the Director of Finance/Treasurer 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/Treasurer 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 by-law.
14. THAT By-law 4757-06.F be hereby repealed.
15. 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 16th DAY OF JANUARY, 2007.
READ A THIRD TIME AND FINALLY PASSED THIS 16th DAY OF JANUARY,
2007.
B. PANIZZA, MUNICIPAL CLERK
. -··'/
TAX CLASS
BY-LAW NUMBER 4879-07.F
SCHEDULE A
2007 INTERIM PROPERTY TAX RATES
QUALIFIER
Commercial PIL: Full Rate CF
Commercial PIL: General Rate CG
Commercial PIL: Full Rate-Tenant of Province CP
Commercial Taxable: Full Rate CT
Commercial Taxable: Excess Land Rate CU
Commercial Taxable: Vacant Land Rate CX
Office Buildings Taxable: Full Rate DT
Office Buildings Taxable: Excess Land Rate DU
Farm Taxable: Full Rate FT
Industrial Taxable: Farmland Awaiting Development 1 11
Industrial Taxable: Shared like PIL Full Rate IH
Industrial Taxable: Full Rate IT
Industrial Taxable: Excess Land IU
Industrial Taxable: Vacant Land IX
Large Industrial Taxable: Full Rate L T
Multi-Residential PIL: General Rate MG
Multi-Residential Taxable: Full Rate MT
Pipelines PT
Residential PIL: General Rate RG
Residential Taxable: Full Rate RT
Shopping Centres Taxable: Full Rate ST
Shopping Centre Taxable: Excess Land Rate SU
Managed Forests Taxable: Full Rate TT
Utility Transmission Taxable: Shared like PIL Full Rate UH
Railway Right-of-ways PIL: General Rate WG
Railway Right-of-ways Taxable: Full Rate WT
TAX RATE
1.240695%
0.494246%
1.240695%
1.240695%
0.868487%
0.868487%
1.240695%
0.868487%
0.135371%
0.135371%
1.391544%
1.391544%
0.904504%
0.904504%
1.391544%
0.409484%
0.541484%
1.254344%
0.409484%
0.541484%
1.240695%
0.868487%
0.135371%
$1021.35
$305.67
$717.02