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BYLAW - Interim Property Tax Levy 2010 - 20091208 - 519209THE CORPORATION OF THE TOWN OF AURORA By-law Number 5192-09 BEING A BY-LAW to levy Interim Property Taxes for the . taxation year 2010 WHEREAS subsection 317(1) of the Municipal Act, 2001, S.O. 2001 c. 25, as amended· (the "Acf'), provides that a local municipality, before the adoption of estimates for the year under section 290 of the Act, may pass a by-law levying amounts on the assessment of property in the local municipality rateable for local municipality purposes; AND WHEREAS subsection 317(2) of the Act, provides that a by-law under subsection 317(1) shall be passed in the year that the amounts are to be levied or niay be passed in November or December of the previous year if it provides that it does not come into force until a'. specified day in the following year; AND WHEREAS the Council of The Corporation of the Town of Aurora has not adopted estimates for the year 2010 and wishes to pass a by-law levying amounts on the assessment of property in accordance with subsection 317(1) of the Act (hereinafter the "Interim Property Tax Levy"); 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 an Interim Property Tax Rate in 2010. 2. THAT taxes may be levied under this by-law on a property that is rateable for local municipality purposes for the current tax year, but which was not rateable for local municipality purposes for the prior tax year, including assessment of property that is added tq .the assessment roll after the by-law is passed. 3 .. The Interim Property Tax Levy will be an amount equal to fifty percent (50%) of the total amount of taxes for municipal and school purposes levied on the rateable property for the previous year. 4. THAT the Treasurer of the Corporation of the Town of Aurora shall send to each person so taxed, a printed bill specifying the amounts and due dates of amounts payable by the taxpayer. 5. THAT the Treasurer of the Corporation of the Town of Aurora shall send the property tax bill to the taxpayer's residence or place of business unless the taxpayer directs the Treasurer, in writing, to send the bill to an alternate address, in which case it shall be sent to the requested alternate address, until revoked by the taxpayer in writing. 6. THAT the property taxes levied by this by-law shall be due and payable to the Treasurer in installments. on February 22, 2010 and April26, 2010 and shall be paid at the Town of Aurora Municipal Office located at 1 Municipal Drive, Aurora or to a financial institution to the credit of the Treasurer, Town of Aurora. Properties registered for the Pre-authorized Tax Payment Plan program will have property ·taxes levied by this By-law due and payable in automatic installments on the last day of each calendar month, commencing on January 31 and such Pre-authorized Tax Payment Plan installments shall be subject to adjustment as set out in paragraph 9 of this By-law. · 7. THAT ifthe property taxes levied on any class of property or any installments thereof which are due and payable in accordance with this By-law, remain unpaid f ······ .. on the due date, a penalty of one and one quarter per cent (1.25%)(15% per annum) of the unpaid taxes shall be imposed on the first day of the default, or within five (5) business days of the default. 8. THAT on the first day of the next calendar month following the due date and every month thereafter for so long as there are property taxes remaining unpaid, interest in the amount of one and one quarter per cent (1.25%) (15% per annum) shall be imposed on the property taxes remaining unpaid. Interest shall not be charged in respect of any installment which was due in the prior month, but for which penalty has been imposed in the current month. 9. THAT Council directs that all payments, including partial payments, shall be applied to accounts on a consistent basis. 10. THAT the Treasurer of the Corporation of the Town of Aurora is authorized to adjust the interim property tax amount on a property that is too high or too low in relation to the estimate of total taxes for the year to the extent it is deemed appropriate by the Treasurer, and more particularly, the Treasurer may do so for all properties described in paragraph 2 above and those registered for the Pre- authorized Tax Payment Plan program. 11. THAT this by-law does not come into force and effect until January 1, 2010. READ A FIRST AND SECOND TIME THIS 8TH DAY OF DECEMBER, 2009. READ A THIRD TIME AND FINAL,L Y PASSED THIS 8TH DAY OF DECEMBER 2009. JOHN H, TOWN CLERK