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BYLAW - Levy Interim Property Tax Rate 2009 - 20090120 - 510009F-<.,own of "'tv. THE CORPORATION OF THE TOWN OF AURORA ,, ' ,_0 ~ By-law Number 5100-09.F BEING A BY-LAW to levy an Interim Property Tax Rate for the taxation year 2009. 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 2009: AND WHEREAS the municipal Council ofthe 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 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 2009 on the whole assessment of all taxable assessed property according to the assessment roll returned December 9, 2008 by the Municipal Property Assessment Corporation for the taxation year 2009, the sum required to produce an amount not exceeding fifty percent (50%) of the 2008 taxes levied for each property. 2. THAT the 2009 Interim Property Tax Rates will be equivalent to fifty percent (50%) of the 2008 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 total2008 taxes as noted in paragraph 1, if any taxes were levied in 2008 for only part of the year because assessment was added to the assessment roll during 2008, 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 2009, even if the property was not rateable for 2008, 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 Monday, February 23, 2009 Friday, April 24, 2009 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, 2009. ·-. ---"'- 8. THAT on all taxes levied pursuant to this by-law remaining unpaid as at December 31, 2009, 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, 2009 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 2009. 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 2009, 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 20th DAY OF JANUARY, 2009. READ A THIRD TIME AND FINALLY PASSED THIS 20th DAY OF JANUARY, 2009. ~~ PHYLUSM:iiiiORRIS, MAYOR LUCILLE KING, OWN CLERK