My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
44-2007 adopt optional tools for the purposes of administering limits for the Commercial, Industrial and Multi-Residential Property Classes
COE-Web
>
PUBLIC DOCUMENTS
>
Council Services Documents
>
Bylaws
>
2007
>
44-2007 adopt optional tools for the purposes of administering limits for the Commercial, Industrial and Multi-Residential Property Classes
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/24/2012 11:59:14 AM
Creation date
5/22/2007 10:59:34 AM
Metadata
Fields
Template:
C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
5/16/2007
C - Council, Boards and By-laws - Department
Council Services
C - Council, Boards and By-laws - Description
44-2007 Limits for the Commercial, Industrial and Multi-Residential Property Classes
Supplemental fields
Type
By-law
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
CORPORATION OF THE COUNTY OF ESSEX <br />BY -LAW # 44 -2007 <br />A BY -LAW TO ADOPT OPTIONAL TOOLS FOR THE <br />PURPOSES OF ADMINISTERING LIMITS FOR THE <br />COMMERCIAL, INDUSTRIAL AND MULTI - RESIDENTIAL <br />PROPERTY CLASSES <br />WHEREAS the Corporation of the County of Essex (hereinafter referred to as "The <br />Municipality ") may, in accordance with section 329.1 of the Municipal Act, 2001, S.O. <br />2001 c.25, as amended (hereinafter referred to as "The Act") modify the provisions and <br />limits set out in section 329 of The Act, with respect to the calculation of taxes for <br />municipal and school purposes payable in respect of property in the commercial, <br />industrial and multi - residential property class; <br />AND WHEREAS the municipality must similarly modify the provisions and limits set <br />out in section 352 of The Act with respect to the "tenant cap" calculations; <br />AND WHEREAS this by -law shall only apply to properties in any of the Commercial, <br />Industrial and Multi - Residential property classes to which Part IX of The Act applies; <br />AND WHEREAS for the purposes of this by -law the commercial classes shall be <br />considered a single property class and the industrial classes shall be deemed to be a single <br />property class; <br />AND WHEREAS "uncapped taxes" means, the taxes for municipal and school purposes <br />that would be levied for the taxation year but for the application of Part IX of The Act. <br />AND WHEREAS The Council may pass a by -law to apply any one or any combination <br />of the following options: <br />a) Increase the annual cap from 5% of last year's capped taxes up to a maximum <br />of 10% of last year's capped taxes; and/or <br />b) Set an upper limit on annual increases at the greater of the amount calculated <br />under (a) and up to 5% of the previous year's annualized CVA tax; and /or <br />c) Up to a maximum $250 threshold may be set for increasing properties, <br />decreasing properties or both; <br />AND WHEREAS a by -law passed to adopt the provisions of subsection 329.1 <br />paragraphs 1 and 2 of The Act provides that such provisions shall also apply to section <br />332 of The Act with respect to the "tenant cap" calculations; <br />
The URL can be used to link to this page
Your browser does not support the video tag.