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Countv of <br />Esséx <br />The Corporation of the County of Essex <br />By-Law Number 27-2OL6 <br />A By-law to A By-law to Provide for the Limitation of Tax <br />Decreases for 2Ot6 in the Commercial and Industrial <br />Property Classes. <br />Whereas Part IX of the Municipal Act, 2001, S.O. 20OL, c,25 as <br />amended, establishes limitation on taxes for certain property classes; <br />And Whereas Section 330 of the Municípal Act, 2001, S.O. 2OOt, 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 2016 in respect of properties in the commercial and industrial property <br />classes in order to recover revenues foregone as a result of the limitation of <br />taxes to other properties in those property classes; <br />Now therefore the Council of the Corporation of the County of Essex hereby <br />enacts as follows: <br />1) That the cut-off date for adjustments to the 20t6 Annualized Taxes <br />was April B,2OL6. <br />2) That the percentages for 2O16 under Section 330 of the Municipal Act, <br />2OOI, S.O. 2001 , c.25 as 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 the County of <br />Essex shall be advised by the upper-tier of the said date established in <br />Section l and the 2016 tax decrease phase-in percentages by class <br />established in Section 2. <br />4) THAT the County of Essex shall provide adjustments between <br />municipalities, in the amounts established on Schedule 'B'.