2020 - 2020-05 County Levy and Tax Rates By-law

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By -Law Number 2020-05 Paae 2 NOW THEREFORE in respect of the 2020 taxation year, The Council of the Corporation of the County of Essex enacts as follows: 1) THAT the County of Essex has prepared and adopted estimates of all sums required to be raised against rateable property during the year for its own purposes totaling $109,720,850 pursuant to Section 289 of the Municipal Act as detailed in Schedule 1 attached hereto and forming part of this by-law. 2) THAT the tax ratios to apply for upper -tier and local municipal purposes for each of the property classes shall be: a) 1.000000 for the residential property class; b) 1.100000 for the new multi -residential class; c) 0.250000 for the farmland class; d) 0.250000 for the managed forest class; e) 1.955400 for multi -residential class; f) 1.069179 for the commercial broad class; g) 1.082044 for the commercial residual class; h) 1.082044 for the office building class; i) 0.582500 for the parking lot /vacant land class; j) 2.143141 for the industrial broad class; k) 1,942500 for the industrial residual class; I) 2.686100 for the large industrial class; m) 1.047098 for the landfill class; and n) 1.303000 for the pipeline class; 3) THAT the tax rates that would otherwise be levied for upper -tier and local municipal purposes for the subclasses prescribed under paragraph 1 of Subsection 8(1) of the Assessment Act shall be reduced as follows; a) For the first subclass of farmland awaiting development in the residential/farm property class by 75 per cent;