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Page 2 <br />By -law Number 08 -2002 (cont'd) <br />AND WHEREAS Sections 368.3 and 371.1 of the Municipal Act, Chapter <br />M.45, R.S.O. 1990, and amendments thereto, provide for the apportionment of <br />payments in lieu of taxes and taxation of certain railway and power utility lands, <br />and for the number of installments and due dates thereof and the rate of interest to <br />be paid on the amount in default if a local municipality fails to make a payment, or <br />portion thereof; <br />AND WHEREAS tax rates for each property class will be calculated for <br />County purposes; <br />NOW THEREFORE THE COUNCIL OF THE CORPORATION OF <br />THE COUNTY OF ESSEX enacts as follows: <br />1. That the 2002 assessment per property class as detailed in Schedule 3 <br />attached hereto and forming part of this by -law, be adopted for purposes of <br />calculating the tax rates for County purposes and for determining the levy <br />on all County municipalities. <br />2. That the estimated share of payments in lieu of taxes and taxation for <br />certain railway and power utility lands as set out in Schedule 4 attached <br />hereto and forming part of this by -law be adopted. <br />3. That the amount to be raised by tax rates for County purposes in the <br />amount $44,275,539 as set out in Schedule 5 attached hereto and forming <br />part of this by -law be adopted. <br />4. That in accordance with the calculations set out in Schedule 6 attached <br />hereto and forming part of this by -law, the tax rates to be applied on the <br />rateable assessment in each local municipality for County purposes, shall be <br />as follows: <br />PROPERTY CLASSES COUNTY TAX RATES <br />Commercial <br />Occupied <br />0.004149 <br />Vacant Excess Land <br />0.002904 <br />Vacant Lands (at raridng state) <br />0.002180 <br />Commercial Farmland Class 1 <br />0.000906 <br />Parking Lots <br />0.002180 <br />Shopping Centre <br />Occupied <br />0.004520 <br />Vacant Excess Land <br />0.003164 <br />Office Building <br />Occupied <br />0.004515 <br />Vacant Excess Land <br />0.003160 <br />Industrial <br />Occupied <br />0.007534 <br />Vacant Excess Land <br />0.004897 <br />Vacant Land <br />0.004897 <br />