BYLAW - Interim Propety Tax Rate - 20080122 - 4987F0 '\ov-Jn of -1(1,_
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THE CORPORA T/ON OF THE TOWN OF AURORA
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By-law Number 4987-0B.F
BEING A BY-LAW to levy an Interim Property Tax
Rate for the taxation year 2008.
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 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 2008:
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 2008 on the whole assessment of all taxable assessed property according to
the assessment roll returned December 4, 2007 by the Municipal Property
Assessment Corporation for the taxation year 2008, the sum required to produce an
amount not exceeding fifty percent (50%) of the 2007 taxes levied for each property.
2. THAT the 2008 Interim Property Tax Rates will be equivalent to fifty percent (50%) of
the 2007 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 total2007 taxes as noted in paragraph 1, if
any taxes were levied in 2007 for only part of the year because assessment was
added to the assessment roll during 2007, 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 2008,
even if the property was not rateable for 2007, 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 26, 2008
Tuesday, April 25, 2008
7. THAT on all taxes which remain unpaid on the due date, interest at the rate of one
and one quarter per cent (1 1/4% 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, 2008.
8. THAT on all taxes levied pursuant to this by-law remaining unpaid as at December
31, 2008, 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, 2008 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 2008.
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 2008, 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 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 22ND DAY OF JANUARY 2008.
READ A THIRD TIME AND FINALLY PASSED THIS 22N° DAY OF JANUARY 2008.
B. TOWN CLERK