02-30
COUNTY OF ELGIN
By-Law No. 02-30
"A BY-LAW TO ESTABLISH A REDUCTION IN THE TAX RATE FOR FARMLANDS
AWAITING DEVELOPMENT IN THE COUNTY OF ELGIN'
WHEREAS Section 368 of the Municipal Act, being Chapter MA5, RS.O. 1990, as
amended, provides that the Council of a local municipality shall, after the adoption of
estimates for the year, pass a by-law to levy a separate tax rate on the assessment in
each property class; and
WHEREAS certain regulations require reductions in certain tax rates for certain
classes or subclasses of property; and
advisable to make such reductions to the
it
WHEREAS the County of Elgin deems
Farmlands Awaiting Development tax class.
the Municipal Council of the Corporation of the County of Elgin
NOW THEREFORE
enacts as follows:
1
Phase
the tax rate for Farmland Awaiting Development,
1 THAT the reduction In
residential is 50%.
2. THAT the reduction to other classes for Farmland Awaiting Development, Phase 1,
be such that the rates for multi-residential, commercial, and industrial tax classes be equal
to the reduced residentiallfarm rate.
2003.
1
this by-law become effective January
THAT
3
time this 26th day of November 2002
day of November 2002
time and finally passed 26th
MarK'G-:Mc[)"onald,
Chief Administrative Officer.
and second
READ a third
READ a first