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38-2015 - 2015 Tax Capping Decreases
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38-2015 - 2015 Tax Capping Decreases
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6/1/2015 10:46:29 AM
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5/21/2015 2:33:22 PM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
5/20/2015
C - Council, Boards and By-laws - Department
Council Services
C - Council, Boards and By-laws - Description
38-2015 2015 Tax Capping Decreases
C - Council, Boards and By-laws - Bylaw No
38-2015
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By-law
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Countv of <br />Essex <br />The Corporation of the County of Essex <br />By-Law Number 38-2O15 <br />A By-law to Provide for the Limitation of Tax Decreases <br />for 2O15 in the Multi-Residential, Commercial and <br />Industrial property Classes. <br />Whereas Part IX of the Municipal Act, 2001, S.O. 2OOt, c.25 as <br />amended, establishes limitation on taxes for certain property classes; <br />And Whereas Section 330 of the Municipal Act, 20OL, S.O. 200t, c.25 <br />as amended, provides that the Council of an upper-tier municipality may <br />pass a by-law to establish percentages by which tax decreases are limited <br />for 2015 in respect of properties in the multi-residential, commercial and <br />industrial property classes in order to recover revenues foregone as a result <br />of the limitation of taxes to 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 />That the cut-off date for adjustments to the 2015 Annualized Taxes <br />was April 10, 2015. <br />That the percentages for 2OL5 under Section 330 of the Municipal Act, <br />2001,, S.O. 2001 , c.25 as amended, for the County of Essex shall be as <br />indicated in the attached Schedule 'A', <br />THAT the Treasurer of each lower-tier municipality in the County of <br />Essex shall be advised by the upper-tier of the said date established in <br />Section l and the 2015 tax decrease phase-in percentages by class <br />established in Section 2. <br />THAT the County of Essex shall provide adjustments between <br />municipalities, in the amounts established on Schedule 'B'. <br />1 <br />2 <br />3 <br />4
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