Laserfiche WebLink
THE CORPORATION OF THE COUNTY OF ESSEX <br />BY -LAW NUMBER 37 -2008 <br />BEING A BY -LAW TO PROVIDE FOR THE LIMITATION OF <br />TAX DECREASES FOR 2008 IN THE MULTI - RESIDENTIAL, <br />COMMERCIAL AND INDUSTRIAL PROPERTY CLASSES <br />WHEREAS Part IX of the Municipal Act, 2001, S O. 2001, c.25 as amended, establishes <br />limitation on taxes for certain property classes; <br />AND WHEREAS Section 330 of the Municipal Act, 2001, S.O. 2001, c.25 as amended, <br />provides that the Council of an upper -tier municipality may pass a by -law to establish <br />percentages by which tax decreases are Iimited for 2008 in respect of properties in the <br />multi- residential, commercial and industrial property classes in order to recover revenues <br />foregone as a result of the limitation of 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 2008 Pre -Flip File <br />was April 10', 2008. <br />2. THAT the percentages for 2008 under Section 330 of the <br />Municipal Act, 2001, S O. 2001, c.25 as amended, for the County <br />of Essex shall be as indicated in the attached Schedule W. <br />3. THAT the Treasurer of each lower -tier municipality in the County <br />of Essex shall be advised by the upper -tier of the said date <br />established in Section 1 and the 2008 tax decrease phase -in <br />percentages by class established in Section 2. <br />4. THAT the County of Essex shall provide adjustments between <br />municipalities, in the amounts established on Schedule '13', so that <br />no lower -tier municipality has a surplus or shortfall as a result of <br />the application of this by -law. <br />5. THAT if the County of Essex experiences a shortfall as a result of <br />the application of Section 4, the shortfall shall be shared by the <br />County of Essex and the lower -tier municipalities in the same <br />proportion as the municipalities share in the taxes levied on the <br />property class for municipal purposes. <br />