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THE CORPORATION OF THE COUNTY OF ESSEX <br /> BY-LAW NUMBER 47-2012 <br /> BEING A BY-LAW TO PROVIDE FOR THE <br /> LIMITATION OF TAX DECREASES FOR 2012 IN <br /> THE MULTI-RESIDENTIAL, COMMERCIAL AND <br /> INDUSTRIAL PROPERTY CLASSES <br /> WHEREAS Part IX of the Municipal Act, 2001, S.O. 2001, c.25 as <br /> amended, establishes limitation on taxes for certain property classes; <br /> AND WHEREAS Section 330 of the Municipal Act, 2001, S.O. <br /> 2001, c.25 as amended, provides that the Council of an upper-tier <br /> municipality may pass a by-law to establish percentages by which tax <br /> decreases are limited for 2012 in respect of properties in the multi- <br /> residential, commercial and industrial property classes in order to <br /> recover revenues foregone as a result of the limitation of taxes to <br /> other properties in those property classes; <br /> NOW THEREFORE, the Council of the Corporation of the County of <br /> Essex hereby enacts as follows; <br /> 1. THAT the cutoff date for adjustments to the 2011 <br /> Annualized Taxes was April loth, 2012. <br /> 2. THAT the percentages for 2012 under Section 330 of <br /> the Municipal Act, 2001, S.O. 2001, c.25 as <br /> amended, for the County of Essex shall be as <br /> indicated in the attached Schedule 'A'. <br /> 3. THAT the Treasurer of each lower-tier municipality in <br /> the County of Essex shall be advised by the upper- <br /> tier of the said date established in Section 1 and the <br /> 2012 tax decrease phase-in percentages by class <br /> established in Section 2. <br /> 4. THAT the County of Essex shall provide adjustments <br /> between municipalities, in the amounts established <br /> on Schedule 'B'. <br />