HomeMy WebLinkAboutBy-law 5201/98THE CORPORATION OF THE TOWN OF PICKERING
BY-LAW NO. 5201/98
Being a by-law to establish the Mill Rates to be
applied for the 1998 Interim Tax Billing.
WHEREAS Council under Section 370 (8) and (9) of the Municipal Act R.S.O. 1990
as amended by Bills 106, 149 and 164 provides that the Council of a local municipality may, in
1998, before the adoption of the estimates for the year, pass a by-law to levy on the whole of the
assessment for real property according to the last revised assessment role a sum not to exceed
that which would be produced by applying the prescribed percentage (or 50 per cent) if no
percentage is otherwise prescribed of:
(a) the total 1997 mill rate to residential and farm assessment;
and
(b)
if the notional mill rates that the municipality is required to calculate for commercial and
industrial assessment and the assessment that for pipelines, railways, hydro corridors,
airports and other such properties, and
WHEREAS no percentages have been prescribed for the purpose of said subsection 370 (9) save
and except for farm lands (FL), managed forests (MF) and conservation lands (CL) under
Regulation 523/97;
WHEREAS the mill rate for taxes on residential and farm assessment as set out in this by-law
does not exceed 50 per cent of the residential mill rate levied in 1997 on such assessment in the
Town of Pickering;
WHEREAS the mill rate for taxes on commercial and industrial assessment set out in this by-
law does not exceed the mill rate that would raise, on all the commercial and industrial
assessment, more than 50 per cent of the total taxes raised on such assessment, including all
business taxes levied in 1997; and
WHEREAS Council at its meeting of December 22, 1997, passed By-Law Number 5183/97
being a by-law to establish instalment due dates for the 1998 Interim and Final Levy.
NOW THEREFORE the Council of the Corporation of the Town of Pickering HEREBY
ENACTS AS FOLLOWS:
In the year 1998 the rate levied under each of Section (1) shall be as follows due and payable in 2
instalments, on the 24th day of February, 1998 and on the 27th day of April, 1998:
(1)
A mill rate of 27.795 mills for properties which are designated as "FL" on the 1997
assessment roll as last revised by the assessment commissioner for the purposes of the
1998 interim levy;
(2)
A mill rate of 13.897 mills for properties which are designated as "MF" on the 1997
assessment roll as last revised by the assessment commissioner for the purposes of the
1998 interim levy;
(3)
A mill rate of zero mills for properties which are designated "CL" on the 1997
assessment roll as last revised by the assessment commissioner for the purposes of the
1998 interim levy.
(4)
A mill rate of 55.590 mills for all other residential ands farm properties on the 1997
assessment roll as last revised by the assessment commissioner for the purposes of the
1998 interim levy.
(5)
A mill rate of 85.020 mills for all commercial and industrial properties on the 1997
assessment roll as last revised by the assessment commissioner for the purposes of the
1998 interim levy.
BY-LAW read a first, second and third time and finally passed this 19 day of January,
1998.
Wayne Art s, Mayor
B ylor, Clerk