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HomeMy WebLinkAboutBy-law 2768T O W N S H I P O F P I C K E R I N G B Y- L A W N U M B E R 'j' 76 0 A BY-LAW TO EXEMPT CERTAIN FARM LANDS FROM TAXATION FOR CERTAIN EXPENDITURES OF THE MUNICIPALITY. WHEREAS Chapter 23, Section 37, of the Assessment Act provides for the exemption of certain farm lands from taxation for expenditures incurred by the Township of Pickering for fire protection; AND WHEREAS it is deemed expedient to grant such exemption; BE IT THEREFORE ENACTED by the Municipal Council of the Corporation of the Township of Pickering: 1. THAT this By-Law shall apply to lands in the'Uownship of Pickering held and used as farm lands only and in blocks of not less than five acres by any one person. 2. Lands described by Paragraph 1 of this By-Law are hereby exe4i6? ed from expenditures for fire protection to the extent of _p per cent of the assessed value of such lands. 3. The said exemption shall not apply to the assessed value of any buildings on any lands. BY-LAW read a First and Second time this 1AW_.day BY-LAW read a Third time and PASSED thisday 963. 963.