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HomeMy WebLinkAboutCST 22-11City o~ . PICKERING 89 Report To Executive Committee Report Number: CST 22-11 . Date: May 9, 2011 From: Gillis A. Paterson Director, Corporate Services & Treasurer Subject: 2011 Tax Rates for all Classes of Property and Final Tax Due Dates for All Realty Tax Classes Except for Commercial, Industrial & Multi-Residential Realty Classes Recommendation: That Report CST 22-11 of the Director, Corporate Services & Treasurer be received, 2. That the 2011 tax rates for the City of Pickering be approved as contained in . Schedule A of the By-law attached hereto; 3. That the tax levy due dates for the Final Billing be June 29, 2011 and September 29, 2011 excluding the industrial, multi-residential and commercial realty tax classes; 4. That the attached By-law providing for the imposition of the tax rates approved under Recommendation 1 and 3 above, be read three times and approved, 5. That the Director, Corporate Services & Treasurer be authorized to make any changes or undertake any actions necessary, including altering due dates, in order to ensure the tax billing process is completed; 6. That the Director, Corporate Services & Treasurer be authorized to make any changes to the final tax rates to comply with Provincial regulations; and, 7. That the appropriate City of Pickering officials be authorized to take the necessary actions to give effect thereto. Executive Summary: Adoption of the above Recommendations and the attached By-law provides for the approval of tax rates required to raise the levy approved in the 2011 Current Budget of the City of Pickering and to levy taxes for School Boards and for the Region of Durham. Report CST 22-11 Date: May 9, 2010 Subject: 2011 Tax Rates for all Classes of Property and Final Page 2 Tax Due Dates for All Realty Tax Classes Except 90 for Commercial, Industrial & Multi-Residential Realty Classes Financial Implications: Adoption of the recommendations and passing the By-law will allow staff of the Corporate Services Department to bill the Final 2011 levy for all properties except for the industrial, commercial and multi-residential tax classes. Passing of the by-law will assist the City of Pickering to meet its financial obligations and reduce any borrowing costs. Sustainability Implications: Passing the attached By-law will allow the City to obtain the funds required to maintain its financial sustainability objectives. Background: The 2011 final tax billing process will consist of two separate components: - 1. Residential and residential related (farm, managed forest), properties; and, 2. Commercial, industrial and multi-residential realty classes. Later this year, a report will be presented to Council asking for Council's approval to bill the non-residential tax classes. The non-residential tax classes are subject to tax capping and Pickering's staff in conjunction with the other lower tier municipal tax staff and the Region's finance staff will be working on the tax capping calculations during the next few months. City's Net Tax Levy and Tax Rate Increase The 2011 budgetary increase of 2.99% was adopted by Council through Corporate Services Report CST 14-11. That report approves a budgetary tax levy of $45,399,720 and includes assessment growth of $525,130. For taxation billing purposes, the assessment growth is added to the budgetary levy to arrive at the total property tax levy of $45,924,850. Tax Due Date Instalments Recommendation 3 provides for the due dates for the payment of residential taxes being June 29, 2011 and September 29, 2011. The table below lists the tax instalment due dates for the last three years. Year 15 Instalment 2" Instalment 2011 June 29, 2011 September 29, 2011 2010 June 28, 2010 September 28, 2010 2009 June 26, 2009 September 28, 2009 2008 Jul 9, 2008 September 26, 2008 9 deport CST 22-11 Date: May 9, 2010 Subject: 2011 Tax Rates for all Classes of Property and Final Page 3 Tax Due Dates for All Realty Tax Classes Except for Commercial, Industrial & Multi-Residential Realty Classes Communication Strategy In addition to mailing the tax bills, the City will advertise the tax installment due dates on the City's webpage and in the Pickering News Advertiser prior to each tax due date. Pre-Authorized Payment Plans (PAP) The City offers two Pre-Authorized Payment Plans (PAP): monthly and installment based. The monthly plan consists of eleven payments starting on January 1St of each month. The monthly plan has approximately 7,100 participants resulting in a monthly cash flow of approximately $3.5 million. The installment based (introduced last year) has 150 participants and is based on debiting the property tax payer's bank account on the due date. Taxation staff advertise these two plans on the City's website and in the property tax brochures that are mailed with the tax bills. Other Recommendations 2 and 3 provide for the levying of all tax rates on all classes of property except for the non-residential properties where the tax rates and the property taxes will be billed at a later date because the claw back percentages have not yet been determined. Staff have received advice that the "claw back" percentages should be included in the billing By-law. Therefore, staff will bring a separate report to Council regarding the non-residential billing for Council's June meeting. Staff's preliminary estimate for the final non-residential due date is October 14, 2011. Changes to the Billing Schedule Recommendation 6 and 7, will allow the Director, Corporate Services & Treasurer some latitude, limited by Provincial legislation, in effecting whatever may be necessary in order to ensure that the taxes are billed properly and in a timely fashion. It was always staff's understanding that Recommendation 6 would be used to change the due dates by a.few days in order to meet Provincial legislation requirements. (Section 343, subsection one of the Municipal Act states the property owner must have at least twenty-one days to pay their taxes.) A report would be prepared to Council if there was a substantial delay in the billing of the final taxes. Attachments: By-law to Establish the 2011 Tax Rates and Final Instalment Due Dates for All Realty Classes Except Non-Residential Report CST 22-11 Date: May 9, 2010 92 Subject: 2011 Tax Rates for all Classes of Property and Final Page 4 Tax Due Dates for All Realty Tax Classes Except, for Commercial, Industrial & Multi-Residential Realty Classes Prepared By: Approved / Endorsed By: Sta arwowski Manager, Finance & Taxation Copy: Chief Administrative Officer Gillis A. Paterson Director, Corporate Services & Treasurer Recommended for the consideration of Pickering City Counc'I Z7, Zoo/ Tony revedel, P. Eng. Chief Administrative Officer ATTACHMENT #.L_T0REPORT#O Z11 93 The Corporation of the City of Pickering By-law No. Being a by-law to adopt the estimates of all sums required to be raised by taxation for the year 2011 and to establish the Tax Rates necessary to raise such sums and establish the final due dates for the residential, pipeline, farm and managed forest realty tax classes. Whereas it is necessary for the Council of The Corporation of the City of Pickering, pursuant to the Municipal Act, 2001, S. 0. 2001, c25, as amended, to pass a By-law to levy a separate tax rate on the assessment in each property class; and, Whereas the property classes have been prescribed by the Minister of Finance under the Assessment Act, R.S.O. 1990, ch.A.31, as amended and its Regulations; and, Whereas it is necessary for the Council of The Corporation of the City of Pickering, pursuant to the Municipal Act, to levy on the whole rateable property according to the last revised assessment roll for The Corporation of the City of Pickering the sums set forth for various purposes in Schedule "A", for the current year; and, Whereas the Regional Municipality of Durham has passed By-law No. 20-2011 to establish tax ratios and By-law 18-2011 to adopt estimates of all sums required by The Regional Municipality of Durham for the Durham Region Transit Commission and By- law 19-2011 to set and levy rates of taxation for Regional Solid Waste Management and By-law No. 17-2011 to set and levy rates of taxation for Regional General Purposes and set tax rates on Area Municipalities, and, Whereas the Province of Ontario has provided the 2011 education tax rates for the realty classes; and, Whereas sub section 342(2) of the Municipal Act, 2001, S. 0. 2001, c25, as amended, permits the issuance of separate tax bills for separate classes of real property for 2010; and, Whereas an interim levy was made by the Council of The Corporation of the City of Pickering (pursuant to By-law No. 7103/11 before the adoption of the estimates for the current year). Now therefore the Council of the Corporation of the City of Pickering hereby enacts as follows: For the year 2011, The Corporation of the City of Pickering (the "City") on April 4, 2011, approved Council Report CST 14-11 and corresponding schedules and attachments as presented resulting in a taxation levy of $45,924,850. By-law No. Page 2 94 2. For the year 2011, the City shall levy upon the Property Classes set out in Schedule "A", the rates of taxation as set out in Schedule "A", for the City of Pickering, the Region of Durham and for Education purposes on the current value assessment as also set out in Schedule "A". Where applicable, taxes shall be adjusted in accordance with Bill 140, as amended and its Regulations. 3. The levy provided for in Schedule "A" shall be reduced by the amount of the interim levy for 2011. 4. The Tax Levy due dates for the Final Billing be June 29, 2011 and September 29, 2011 for all classes excluding the non-residential tax classes (commercial, industrial and multi-residential). 5. If any section or portion of this By-law or of Schedule "A" is found by a court of competent jurisdiction to be invalid, it is the intent of Council for The Corporation of the City of Pickering that all remaining sections and portions of this By-law and of Schedules "A" continue in force and effect. 6. This By-law comes into force on the date of its final passing. By-law read a first, second and third time and finally passed this 16th day of May 2011. 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