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2017 - 26-2017 Amend New Class - County Levy and Tax Rates By-law
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2017 - 26-2017 Amend New Class - County Levy and Tax Rates By-law
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5/23/2017 12:11:17 PM
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5/23/2017 11:36:24 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
5/17/2017
C - Council, Boards and By-laws - Department
Council Services
C - Council, Boards and By-laws - Description
26-2017 Amend Tax Ratios Tax Ratea to Add new Class
C - Council, Boards and By-laws - Bylaw No
26-2017
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By-law
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Countv of <br />Essex <br />The Corporation of the County of Essex <br />By-Law Number 26-2OL7 <br />A By-law to Amend By-laws 11-2O17 and t2-20t7r <br />establishing 2Ol7 Tax Ratios and Tax Rates for The <br />Corporation of the County of Essex and its <br />Constituent Lower Tier Municipalities. <br />Whereas Essex County Council adopted By-law Lt-20I7 on <br />March L5,2017 which established tax ratios for the year 20L7 for the <br />Corporation of the county of Essex and its constituent lower tier <br />municipalities; <br />And Whereas Essex County Council adopted By-law I2-20I7 on <br />March L5,2017 which established tax rates for the year 2017 for the <br />Corporation of the county of Essex and its constituent lower tier <br />municipalities; <br />And Whereas, on April 20, 2017, the Province of Ontario released <br />the Fair Housing Plan which implemented a mandatory New Multi- <br />Residential property class, beginning in 2017, to ensure that <br />municipalities tax new multi-residential buildings at a similar rate as <br />other residential properties, with the goal of supporting and <br />encouraging the development of new, purpose-built rental housing as a <br />step to improve housing affordability in the rental market <br />Now therefore the Council of the Corporation of the County of <br />Essex hereby enacts as follows: <br />1. That County of Essex By-law Number LL-20L7 be amended to <br />establish a tax ratio of 1.0 for the New Multi-Residential Tax <br />Class (NT) <br />That County of Essex By-law Number t2-20L7 be amended to <br />establish a tax rate equal to the 20L7 Residential Rate for the <br />County of Essex, being 0.00469561. <br />2
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