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HomeMy WebLinkAboutBy-law 5877/01THE CORPORATION OF THE CITY OF PICKERING BY-LAW NO. 5877/01 Being a by-law of The Corporation of the City of Picketing to levy the FINAL commercial, industrial and multi-residential taxes for the year 2001. WHEREAS the Regional Municipality of Durham has passed By-law No. 47-2001 to establish tax ratios and By-Law 42-2001 to adopt estimates of all sums required by The Regional Municipality of Durham for the purposes of the Regional Corporation and By-Law 45-2001 to set and levy rates of taxation for Regional Solid Waste Management and By-laws No. 44-2001 to set and levy rates of taxation for Regional General Purposes and set tax rates on Area Municipalities; and, WHEREAS Provincial Regulations require reductions in taxes for certain classes and or subclasses of property; and, WHEREAS the Regional Municipality of Durham has passed By-law No. 65-98 opting to have the optional property classes consisting of the office building property class, shopping centre property class and large industrial property class within the Region of Durham; and, WHEREAS the City of Picketing passed By-Law No. 5856/01 to establish the tax rates for the levying of taxes on all properties and, WHEREAS it is necessary for the Council of The Corporation of the City of Picketing pursuant to the Municipal Act, to levy on the whole ratable property according to the last revised assessment roll for The Corporation of the City of Picketing for the current year; and, WHEREAS an interim levy was made by the Council of The Corporation of the City of Picketing (pursuant to By-law No. 5802/01) before the adoption of the estimates for the current year; and, WHEREAS sub section 392(4) and (5) of the Municipal Act, as amended, permits the issuance of separate tax bills for separate classes of real property for year 2001. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE CITY OF PICKERING HEREBY ENACTS AS FOLLOWS: For the year 2001, there shall be levied and collected upon the commercial, industrial and multi-residential assessment the rates of taxation per current value assessment for general purposes as set out in By-Law No. 5856/01. 2. The levy provided for shall be reduced by the amount of the interim levy for 2001. The 2001 final tax calculations for the industrial, commercial and multi-residential realty tax classes is based on the data as of July 31, 2001. 4. The decrease retained percentage for the realty class is outlined below: Multi residential Zero Commercial 0.407326 Industrial 0.703279 The 2001 taxes owed for the commercial, industrial and multi-residential assessed properties shall be due in one installment on October 29, 2001 or as adjusted by the Treasurer. Except in the case of taxes payable under Section 33 and 34 of the Assessment Act, R.S.O. 1990, c.A31, as amended, the percentage charge as a penalty for non-payment of taxes and monies payable as taxes shall be added to every tax or assessment, rent or rate of any installment or part thereof remaining unpaid on the first day of default and on the first day of each calendar month thereafter in which such default continues but not after December 31 of the year in which the taxes become payable, and it shall be the duty of a Tax Collector, immediately to collect at once, by distress or otherwise under the provisions of the applicable statutes all such taxes, assessments, rents, rates or installments or parts thereof as shall not have been paid on or before the several dates named as aforesaid, together with the said percentage charges as they are incurred. If any section or portion of this By-law is found by a court of competent jurisdiction to be invalid, it is the intent of Council for The Corporation of the City of Picketing that all remaining sections and portions of this By-law continue in force and effect. 8. Taxes shall be payable to the Treasurer, City of Pickering. 9. 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 17 day of September, 2001.