Thursday, March 30, 2017
Text Size

Taxation

BY-LAW NO. 2013-13

Being a By-law to Set and Levy the

Rates of Taxation in 2013

______________________________________________________________________________


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 2013 taxation year;


AND WHEREAS all property assessment rolls on which the 2013 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 2013 taxation year have been established by By-law No. 2013-03 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 2013 current municipal budget be adopted in the following amounts:


Expenditures                                        Municipal                                  $ 5,307,589


Public/Separate                                                Education                                $1,313,919


TOTAL:                                                                                              $ 6,621,508


Revenue                                                                                               $2,118,231


Taxation                                              General Portion                                    $ 3,189,358


Taxation                                              School Portion                         $ 1,313,919


TOTAL:                                                                                              $ 6,621,508




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                                0.00212000

General                                                0.00530459

TOTAL: 0.00742459



Commercial Assessment Occupied: Education                                0.00651726

General                                                0.00610339

TOTAL: 0.01262065



Commercial Assessment Vacant: Education                                0.00456208

General                                                0.00427238

TOTAL: 0.00883446



Commercial Assessment New Construction Education                                0.00651726

General                                                0.00610339

TOTAL: 0.01262065



Industrial Assessment Occupied: Education                                0.00791944

General                                                0.00583470

TOTAL: 0.01375414



Industrial Assessment Vacant: Education                                0.00514764

General                                                0.00379255

TOTAL:                                  0.00894019



Farmland Assessment: Education                                0.00053000

General                                                0.00132615

TOTAL: 0.00185615



Managed Forest Assessment: Education                                0.00053000

General                                                0.00132615

TOTAL: 0.00185615

page 3

MAP DIVISION 020 (Village of Magnetawan):



Residential/Farm Assessment: Education                                0.00212000

General                                                0.00530459

Special Area Rate                    0.00177018

TOTAL: 0.00919477



Multi Residential Assessment: Education                                0.00212000

General                                                0.01106735

Special Area Rate                    0.00369325

TOTAL: 0.01688060



Commercial Assessment Occupied Education                                0.00651726

General                                                0.00610339

Special Area Rate                    0.00203674

TOTAL: 0.01465739



Commercial Assessment Vacant Education                                0.00456208

General                                                0.00427238

Special Area Rate                    0.00142572

TOTAL: 0.01026018

Commercial Assessment - New Construction Education                                0.00651726

General                                    0.00610339

Special Area Rate                    0.00203674

TOTAL 0.01465739

Farmland Assessment Education                                0.00053000

General                                                0.00132615

Special Area Rate                    0.00044254

TOTAL: 0.00229869






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





page 4.




3)                  THAT the real property taxes imposed pursuant to the provision of this by-law shall become due and payable on September 30, 2013 and November 29, 2013.





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 2013.


6)                  THAT the 2013 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  12TH DAY OF JUNE 2013.




____________________________

MAYOR



____________________________

CLERK



Office - Taxation

More Articles...

Page 2 of 3

<< Start < Prev 1 2 3 Next > End >>

Upcoming Events

Wed Apr 12 @01:00pm -
Council Meeting

Fri Apr 28
Lions Smelt Fry

Wed May 24 @05:00pm - 06:00pm
Rabies CLinic

Latest Images

Contact Info

Phone: 705 387 3947
Fax: 705 387 4875  
Office Hours : Mon-Fri
9am-Noon 1pm-4:30pm

Latest Articles

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7