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BYLAW - Property Tax Rations, Rates - 20070522 - 491107FTHE CORPORATION OF THE TOWN OF AURORA By-law Number 4911-07.F BEING A BY-LAW to set and levy the Rates of Taxation for the year 2007. 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 2007, 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 ch.A.31 as amended and Regulations thereto; AND WHEREAS The Regional Municipality of York has approved the tax rates and tax ratios to raise their estimated expenditures adopted for the year 2007, 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 98/06, the Minister of Finance has established the Education Tax Rates for all property classes for the year 2007, 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, Multi-Residential, Commercial, Industrial, Pipeline, Farmlands and Managed Forest classes of property, before the adoption of the estimates for 2007 year; NOW THEREFORE THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA ENACTS AS FOLLOWS: 1. THAT for the year 2007, 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, 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 2007 on the Residential, 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 2007. 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 2007. 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 2007. By-law No 4911-0?.F Page2 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 Jul¥ (July 25th), 2007 and one during the final week of September (September 24t ), 2007. 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 Plans, shall be due and payable on the last business day of each calendar month, starting in January and continuing as required until December, 2007. 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 Treasurer 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, 2007. 11. THAT if any taxes levied pursuant to this by-law remain unpaid as at December 31, 2007, 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 \ 2008 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 Treasurer 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 where there is a conflict between a provision(s) of this by-law and any other by-law of the Town of Aurora, the provision(s) of this by-law shall prevail to the extent of the conflict. 18. THAT in the event any part or provision, including any part or provisions of a Schedule(s), is declared by a court of competent jurisdiction to be void, illegal or invalid, the offending part or provision shall be considered as separate, severable and struck out from the remaining parts or provisions of this by-law which parts or provisions shall remain valid, binding and of full force and effect. READ A FIRST AND SECOND TIME THIS 22TH DAY OF MAY, 2007. READ A THIRD TIME AND FINALLY PASSED THIS 22TH DAY OF MAY, 2007. PHYLLIS M. MORRIS, MAYOR B. ANICIPAL CLERK Taxable: Full Taxable: Full Taxable: Full Taxable: Excess Land Taxable: Vacant Land Buildings Taxable: Full Buildings Taxable: Excess Land Land Taxable: Full Taxable: Full Shared as PIL Taxable: Excess Land Taxable: Vaeant Land Taxable: Farmland 1 Industrial Taxable: Full Full Taxable: Full Forests Taxable: Full Full Trf Educ to Town TOWN OF AU..,..:)RA 2007 PROPERTY TAX RATES SCHEDULE "A' TO BY -tAW 4911.07.F AFPENDIX B TO FINANCIAL SERVICES GENERAL COMMITIEE REPORT FS07 .019 RT MT CT cu ex DT DU ST su IT IH IU IX 11 LT PT FT TT wr wr ~;w~,~~~::, 0.00495729 :(\/tv:::'~~!?:~ . 0.00598345 .[}.!i~]tf 0.00418842 0.00418842 0.00598345 . 0.00418842 ··: 0.00680983 :""· . 0.00455575 0.00123932 Taxable: Full-shared as PIL UH .. Trf Educ to Town PAYMENT IN LfEU CLASS Residential PIL General Rate Commercial PIL Full Rate Commercial PIL General Rate Commercial PIL Tenant of the Province Multi-residential PIL General Rate Railway Rlght-of.Way PIL General Rate Transfer Non-shared Education To Town Total UH QUAUFIERj Assessment I Town of Aurora RO CF co CP MG wo Tax Rates I Tax Llivy 0.00359182 .. · .. · . 256.85 .., 0.00495729 ::::·:·:-;";.···.·· 0.00598345 0.00598345 0.00598345 0.00495729 ·····················]••········· ;·~ 354.48 ·.~~~~:j: 0.02832463 M~::: o.o2832463 ·:as-::: 0.01841101 il$::: 0.01841101 ·-:: 0.00279697 ·orAL 2007RATE IIIII 0.00854911 0.02524775 0.01031878 0.02524775 0.00854911