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By-Law Number 4-2019 <br />Page 2 <br />And whereas certain regulations require reductions in certain tax rates <br />for certain classes or subclasses of property; <br />And whereas Sections 315 and 322 of the Municipal Act, 2001, S.O. <br />200L, c.25, as amended, provide for the apportionment of payments in lieu <br />of taxes and taxation of certain railway and power utility lands, and for the <br />number of instalments and due dates thereof and the rate of interest to be <br />paid on the amount in default if a local municipality fails to make a payment, <br />or 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 the County of Essex hereby <br />enacts as follows: <br />1) That the 2019 assessment per property class as detailed in Schedule 3 <br />attached hereto and forming part of this by-law, be adopted for <br />purposes of calculating the tax rates for County purposes and for <br />determining the levy 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 <br />attached 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 $L02,867,990 as set out in Schedule 5 attached hereto and <br />forming 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 <br />the rateable assessment in each local municipality for County <br />purposes, shall be as follows: <br />Residential <br />Residential Farmland Class 1 0.00482987 <br />Multi-Residential 0.00944433 <br />Property Classes County Tax Rates