24-99DecreaseTaxPhase-May1998 - Laserfiche WebLink

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THE CORPORATION OF THE COUNTY OF ESSEX BY-LAW # 24-99 BEING A BY-LAW TO ESTABLISH A DATE ON WHICH THE 1998 TAX DECREASE PHASE-IN MAY BE DETERMINED AND TO ESTABLISH A DATE ON OR AFTER WHICH NOTICES RECALCULATING 1998 TAX LIABILITIES MAY BE ISSUED, PURSUANT TO THE PROVISIONS OF THE FAIRNESS FOR PROPERTY TAXPAYERS ACT, 1998. WHEREAS Ontario Regulation 348/99 provides that each upper-tier and single tier municipality shall determine the date on or after which notices recalculating 1998 tax liabilities under section 368.0.2 of the Municipal Act, as amended, may be issued; AND WHEREAS Ontario Regulation 348/99 further provides that each upper-tier and single tier municipality shall determine on the said date, the percentage for 1998 under paragraph 2 of subsection 447.51 (4) of the Municipal Act, as amended, for the municipality; NOW THEREFORE, the Council of the Corporation of the County of Essex hereby enacts as follows: 1) THAT the date on which the 1998 tax decrease phase-in shall be calculated is hereby determined to be the 9th day of July 1999. 2) THAT the percentages for 1998 under paragraph 2 of subsection 447.51 (4) of the Municipal Act, as amended, for the County of Essex shall be: Property Class 1998 Tax Decrease Phase-In Multi-residential Commercial Industrial 16.6275 % 40.4290 % 55.2723 % 3) THAT the Treasurer of each lower-tier municipality in the County of Essex shall be advised by the upper-tier of the said date established in Section 1 and the 1998 tax decrease phase-in percentages by class established in Section 2. 4) THAT each lower-tier municipality advised in Section 3 shall recalculate 1998 tax liabilities in accordance with Section 368.0.2 of the Municipal Act, as amended, based on the frozen assessment listing for 1998 for that municipality as revised by the said date determined in Section 1. 5) This by-law shall come into force and take effect on the date of passing.