2006 - 36-2006 County Levy and Tax Rates By-law

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Page 2 By -law Number 36 -2006 (cont'd) AND WHEREAS Sections 315 and 322 of the Municipal Act, 2001, S.O. 2001, c.25, as amended, provide for the apportionment of payments in lieu of taxes and taxation of certain railway and power utility lands, and for the number of installments and due dates thereof and the rate of interest to be paid on the amount in default if a local municipality fails to make a payment, or portion thereof; AND WHEREAS tax rates for each property class will be calculated for County purposes; NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE COUNTY OF ESSEX enacts as follows: 1. That the 2006 assessment per property class as detailed in Schedule 3 attached hereto and forming part of this by -law, be adopted for purposes of calculating the tax rates for County purposes and for determining the levy on all County municipalities. 2. That the estimated share of payments in lieu of taxes and taxation for certain railway and power utility lands as set out in Schedule 4 attached hereto and forming part of this by -law be adopted. 3. That the amount to be raised by tax rates for County purposes in the amount $59,744,408 as set out in Schedule 5 attached hereto and forming part of this by- law be adopted. 4. That in accordance with the calculations set out in Schedule 6 attached hereto and forming part of this by -law, the tax rates to be applied on the rateable assessment in each local municipality for County purposes, shall be as follows: PROPERTY CLASSES COUNTY TAX RATES Commercial Occupied 0.00414268 Excess Land 0.00289988 Vacant Lands (at Parking state) 0.00217649 Commercial Farmland Class 1 0.00096814 Parking Lots 0.00217649 Shopping Centre Occupied 0.00451330 Excess Land 0.00315931 Office Building Occupied 0.00450788 Excess Land 0.00315552 Industrial Occupied 0.00752282 Excess Land 0.00488983 Vacant Land 0.00488983 Industrial Farmland Class 1 0.00096819