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11-09COUNTY OF ELGIN By-Law No. 11-09 "BEING A BY-LAW TO PROVIDE FOR THE ADOPTION OF THE 2011 BUDGET OF THE CORPORATION OF THE COUNTY OF ELGIN AND TO ESTABLISH THE 2011 TAX RATIOS, AND TO ESTABLISH THE 2011 TAX RATES FOR THE COUNTY CONSTITUENT MUNICIPALITIES" WHEREAS Section 289 of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of each upper-tier municipality shall in each year prepare and adopt estimates of all sums required during the year for the purposes of the upper-tier municipality; and WHEREAS Section 308(5) of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of an upper-tier municipality shall in each year establish the tax ratios for that year for the upper-tier municipality and its lower-tier municipalities; and WHEREAS Section 308(7) of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of each upper-tier municipality establish for each property class, a single tax ratio for the upper-tier municipality and its lower-tier municipalities; and, WHEREAS Section 308(15-18) of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of each upper-tier municipality may opt to have certain optional property classes apply within the County. NOW THEREFORE the Municipal Council of the Corporation of the County of Elgin enacts as follows: 1. THAT the 2011 tax ratios for the County of Elgin set out on Schedule "A", attached hereto and forming part of this by-law, be approved and adopted by Council. 2. THAT the 2011 budget of the County of Elgin set out on Schedule "B", attached hereto and forming part of this by-law, which incorporates estimates for revenue and for expenditures be approved and adopted by Council. 3. THAT the 2011 tax rates for the assessment in each property class set out in Schedule "C", attached hereto and forming part of this by-law, be approved and adopted by Council. 4. THAT the large industrial class be chosen as an optional property class. READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 22 DAY OF MARCH 2011. Mark-G_M cDonatd Chief Administrative Officer. 4 Dave Mennill, Warden. PROPERTY CLASS COUNTY OF ELGIN BY -LAW 11 09 SCHEDULE A Ratios 2011 2010 RESIDENTIAL/FARM 1.0000 1.0000 MULTI RESIDENTIAL 2.3458 2.3458 FARMLAND AWAITING DEVELOPMENT RESIDENTIAL 0.5000 0.5000 COMMERCIAL OCCUPIED 1.6376 1.6376 COMMERCIAL VACANT LAND 1.1463 1.1463 INDUSTRIAL OCCUPIED 2.2251 2.2251 INDUSTRIAL VACANT LAND 1.4463 1.4463 LARGE INDUSTRIAL OCCUPIED 2.8318 2.8318 LARGE INDUSTRIAL VACANT 1.8407 1.8407 PIPELINES 1.1446 1.1446 FARM 0.2500 0.2500 MANAGED FORESTS 0.2500 0.2500 d' N Lo C9 co co co 1 w N O O LC) 0) N N M O 0) N N J O a) 4) 2 PROPERTY CLASS COUNTY OF ELGIN BY -L W 11 09 SCHEDULE C 2010 2011 Change Change TAX RATES TAX RATES TAX RATES Assessment RESIDENTIAL 0.580309% 0.575531% -0.82% 5.7% MULTI RESIDENTIAL 1.361288% 1.350081% -0.82% 4.5% FARMLAND AWAITING DEVELOPMENT RESIDENTIAL 0.290154% 0.287766% -0.82% -6.3% COMMERCIAL OCCUPIED 0.950314% 0.942490% -0.82% 1.8% COMMERCIAL VACANT LAND 0.665220% 0.659732% -0.82% -6.5% INDUSTRIAL OCCUPIED 1.291245% 1.280615% -0.82% 7.6% INDUSTRIAL VACANT LAND 0.839309% 0.832391% -0.82% 19.6% LARGE INDUSTRIAL OCCUPIED t643318% 1.629790% -0.82% -44.1% LARGE INDUSTRIAL VACANT 1.068157% 1.059381% -0.82% 7.3% PIPELINES 0.664221% 0.658753% -0.82% 3.3% FARM 0.145077% 0.143883% -0.82% 2.2% MANAGED FORESTS 0.145077% 0.143883% -0.82% 7.5% Definition: "Tax rate" means the tax rate to be levied against property expressed as a percentage, to six decimal places, of the assessment of the property.