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02-15 COUNTY OF ELGIN By-Law No. 02-15 02-10 TO PROVIDE FQR THE ADOPTION OF "A BY-LAW TOAMEND BY-LAW NO. THE 2002 BUDGET OF THE CORPQRATION OF THE COUNTY OF ELGIN AND TO ESTABLISH THE 2002 TAX RATIOS, AND TO ESTABLISH THE 2002 TAX RATES FQR THE COUNTY CONSTITUENT MUNICIPALITIES' WHEREAS the County of Elgin did pass By-Law 02-10 to provide for the adoption of the 2002 Budget of the Corporation of the County of Elgin and to establish the 2002 Tax Ratios, and to establish the 2002 Tax Rates for the County Constituent Municipalities; and WHEREAS, the Province has notified municipalities that legislative changes have been made for use in calculating the tax rates and tax ratios for 2002, which necessitates that Schedule "A" and Schedule "C", forming part of said By-Law, require revision. of the Corporation of the County of Elgin the Municipal Counci NOW THEREFORE enacts as follows: That By-Law No. 02-10 be hereby amended by deleting Schedule "A" and Schedule and replacing with the attached revised Schedule "A" and Schedule "C". 1. IIC' That this by-law become effective upon passing 2 day of June 2002 day of June 2002 time and finally passed this 11 th time this 11 th ark- onald, Chief Administrative Officer. and second READ a third READ a first COUNTY OF ELGIN 02-15 BY-LAW SCHEDULE A 2002 TAX RATIO REVISED PROPERTY CLASS 1.0000 2.6572 1.7720 . .2404 .2404 :.2103 :.0867 :.0867 ·.0856 :.6556 .2557 1.2500 1.2500 , 1 RESIDENTIAL/FARM MULTI-RESIDENTIAL COMMERCIAL OCCUPIED COMMERCIAL VACANT UNITS COMMERCIAL VACANT LAND INDUSTRIAL OCCUPIED INDUSTRIAL VACANT UNITS INDUSTRIAL VACANT LAND LARGE INDUSTRIAL OCCUPIED LARGE INDUSTRIAL VACANT PIPELINES FARMLANDS MANAGED FORESTS 162/02 Ratios, revised by Ontario Regulation 6/11/02 02 new tax calculation 2002 Levy By-Law COUNTY OF ELGIN Proof 2002 Ratio X Ratios Res Rate 1.0000 0.480229% 2.6572 1.276065% 1.7720 0.850966% 1.2404 0.595676% 1.2404 0.595676% Reg 162/02 Reg 162/02 Reg 162/02 Reg 162102 Reg 162/02 1.2557 0.603024% 0.2500 O. 120057% 0.2500 0.120057% 2002 TOTAL TAX RATE 2002 SPECIAL TAX RATE 2002 TAX RATES BY·LAW 02-15 SCHEDULE C REVISED PROPERTY CLASS 0.480229% 1 .276065% 0.850966% 0.595676% 0.595676% 1.479817% 0.961881% 0.961881% 1.883274% .224128% 1.603024% 120057% 120057% 1 o. O. 0.002339% 0.006216% 0.004146% 0.002902% 0.002902% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.002938% 0.000585% 0.000585% 0.477890% 1 .269849% 0.846821 % 0.592775% 0.592775% 1.479817% 0.961881% 0.961881% 1.883274% .224128% 1.600086% 119472% 119472% 1 RESIDENTIAL/FARM MULTI-RESIDENTIAL COMMERCIAL OCCUPIED COMMERCIAL VACANT UNITS COMMERCIAL VACANT LAND INDUSTRIAL OCCUPIED INDUSTRIAL VACANT UNITS INDUSTRIAL VACANT LAND LARGE INDUSTRIAL OCCUPIED LARGE INDUSTRIAL VACANT PIPELINES o. O. FARMLANDS MANAGED FORESTS 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. 6/11/02 02 new tax calculation 2002 Levy By-Law