2015 - 11-2015 County Levy and Tax Rates By-law

Home Browse Search

By-Law Number 11-2015 Page 2 And whereas the tax ratios for the 2015 taxation year have been set out in By-law Number 07-2015 of the Corporation of the County of Essex, dated February 18, 2015; And whereas certain regulations require reductions in certain tax rates for certain classes or subclasses of property; 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 instalments 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 hereby enacts as follows: 1. That the 2015 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 $81,144,358 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: