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Tuesday, August 22, 2017
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THE  CORPORATION OF  THE  MUNICIPALITY OF  MAGNETAWAN

BY-LAW NO. 2012-15

Being a By-law to Set and Levy the

Rates of Taxation in 2012

______________________________________________________________________________

 

WHEREAS it is necessary for the Council of the Municipality of Magnetawan pursuant to the Municipal Act, 2001, S.O. , c.25, as, amended, to raise certain sums for the 2012 taxation year;

 

AND WHEREAS all property assessment rolls on which the 2012 taxes are to be levied have been returned and revised pursuant to the provision of the Assessment Act subject to appeals at present before the District Court and the Ontario Municipal Board;

 

AND WHEREAS “Residential Assessment”, “Commercial Assessment”, “Industrial Assessment”, “Farmland Assessment” and “Managed Forest Assessment”, as defined in the Assessment Act as amended by the Fair Municipal Finance Act, 1997 and further amended by Regulations, have been determined on the basis of the property assessment rolls;

 

AND WHEREAS the tax ratios on the aforementioned property for the 2012 taxation year have been established by By-law No. 2012-06 of the Municipality of Magnetawan;

 

AND WHEREAS the tax rates on the aforementioned property classes and property sub-classes have been calculated pursuant to the provisions of the Municipal Act, 2001,S.O. c.25, as amended and in the manner outlined;

 

NOW THEREFORE the Council of the Corporation of the Municipality of Magnetawan enacts as follows:

 

1)         THAT the 2012 current municipal budget be adopted in the following amounts:

 

Expenditures                                        Municipal                                  $ 5,296,818

 

Public/Separate                                                Education                                $1,343,923

 

TOTAL:                                                                                              $ 6,640,741

 

Revenue                                                                                               $2,243,732

 

Taxation                                              General Portion                                    $ 3,053,086

 

Taxation                                              School Portion                         $ 1,343,923

 

TOTAL:                                                                                              $ 6,640,741

 

2)                  THAT for the year 2012, the Municipality of Magnetawan shall levy the following rates of taxation per current value assessment:

MAP DIVISION 010, 030, 040 (former Chapman, Croft, Spence):

 

 

Residential/Farm Assessment: Education                                0.00221000

General                                                0.00517011

TOTAL: 0.00738011

 

 

Commercial Assessment Occupied: Education                                0.00665419

General                                                0.00594867

TOTAL: 0.01260286

 

 

Commercial Assessment Vacant: Education                                0.00465793

General                                                0.00416407

TOTAL: 0.00882200

 

 

Commercial Assessment New Construction Education                                0.00665419

General                                                0.00594867

TOTAL: 0.01260286

 

 

Industrial Assessment Occupied: Education                                0.00831666

General                                                0.00568678

TOTAL: 0.01400344

 

 

Industrial Assessment Vacant: Education                                0.00540583

General                                                0.00369641

TOTAL:                                  0.00910224

 

 

Farmland Assessment: Education                                0.00055250

General                                                0.00129253

TOTAL: 0.00184503

 

 

Managed Forest Assessment: Education                                0.00055250

General                                                0.00129253

TOTAL: 0.00184503

page 3

MAP DIVISION 020 (Village of Magnetawan):

 

 

Residential/Farm Assessment: Education                                0.00221000

General                                                0.00517011

Special Area Rate                    0.00156458

TOTAL: 0.00894469

 

 

Multi Residential Assessment: Education                                0.00221000

General                                                0.01078679

Special Area Rate                    0.00326429

TOTAL: 0.01626108

 

 

Commercial Assessment Occupied Education                                0.00665419

General                                                0.00594867

Special Area Rate                    0.00180018

TOTAL: 0.01440304

 

 

Commercial Assessment Vacant Education                                0.00465793

General                                                0.00416407

Special Area Rate                    0.00126013

TOTAL: 0.01008213

Commercial Assessment - New Construction Education                                0.00665419

General                                    0.00594867

Special Area Rate                    0.00180018

TOTAL 0.01440304

Farmland Assessment Education                                0.00055250

General                                                0.00129253

Special Area Rate                    0.00039114

TOTAL: 0.00223617

 



Note: Special Area Costs for Map Division 020 consist of Garbage Collection, Recycling Pick-Up, Street Lights and Cleaning of Sidewalks.

 

 

 

 

3)                  THAT the real property taxes imposed pursuant to the provision of this by-law shall become due and payable on September 28, 2012 and November 30, 2012.

 

 



A penalty shall be charged as follows: 1.25% on the first day of default plus an additional

1.25% on the first day of every calendar month thereafter in which the taxes remain unpaid.

 

 

4)         THAT the Treasurer/Tax Collector of the Corporation of the Municipality of Magnetawan shall mail or cause to be mailed to the address of the residence or place of business of each property or person a notice specifying the amount of taxes payable by such person(s) pursuant to the provisions of the by-law.

 

5)       THAT the Treasurer/Tax Collector is hereby authorized to accept part payment from time to time on account of any taxes which have become due pursuant to this by-law.

 

For payments in lieu of taxes due to the Municipality of Magnetawan under the Municipal Act, 2001, S.O., c.25, as amended, the actual amount due to the Municipality of Magnetawan will be based on the assessment rolls and the municipal rates of taxation for the year 2012.

 

6)                  THAT the 2012 municipal budget outlined on the attached Appendix 'A' be and is hereby

adopted and forming part of this by-law.

 

7)          THAT this by-law takes effect on the date adopted.

 

ADOPTED  THIS  11TH DAY OF JULY 2012.

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