BILL 5 THE CORPORATION OF THE TOWNSHIP OF ADJALA-TOSORONTIO BY-LAW NO. 15-

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1 BILL 5 THE CORPORATION OF THE TOWNSHIP OF ADJALA-TOSORONTIO BY-LAW NO. 15- A BY-LAW TO ESTABLISH MUNICIPAL RATES AND TAX RATIOS FOR THE YEAR 2015 AND TO PROVIDE FOR THE COLLECTION OF INTEREST 2015 Final Tax Rate By-law WHEREAS the Municipal Act, S.O. 2001, Chapter 25, section 290, as amended provides that a local municipality shall in each year prepare and adopt a budget including estimates of all sums required during the year for the purposes of the municipality; AND WHEREAS the Municipal Act, S.O. 2001, Chapter 25, provides for the method of assessment and the levying of property taxes by upper and lower tier municipalities; AND WHEREAS the Assessment Act, R.S.O. 1990, Chapter A.31, as amended, establishes the classes of real property and methods of assessment and provides for alterations to the Collector s Roll; AND WHEREAS the Municipal Act, S.O. 2001, Chapter 25, provides that upper tier municipalities shall establish a single tax ratio for each property class for the upper tier and its lower tier municipalities; AND WHEREAS the Municipal Act, S.O. 2001, Chapter 25, section 311(2), provides that an upper tier municipality shall pass a by-law directing its lower tier municipalities to levy a separate tax rate on the assessment in each property class in the lower tier municipality rateable for upper tier purposes; AND WHEREAS the Municipal Act, S.O. 2001, Chapter 25, section 311(13), provides that the amount to be raised by each lower tier municipality shall be paid to the upper tier municipality in instalments; AND WHEREAS the Municipal Act, S.O. 2001, Chapter 25, section 329, contains the rules governing the mandatory 5% (five per cent) limit on CVArelated tax increases for commercial, industrial and multi-residential properties; AND WHEREAS the Municipal Act, S.O. 2001, Chapter 25, section 341, provides for the levying of tax rates on assessment added, after a by-law is passed, to the collector s roll for the current year that was not on the assessment roll upon which the tax rates are levied; AND WHEREAS the Municipal Act, S.O. 2001, Chapter 25, section 345 authorizes municipalities to pass a by-law to collect interest on payments in default; AND WHEREAS the County of Simcoe adopted By-law 6439 on April 14, 2015 to establish County Rates and Tax Ratios for the Year 2015 and to provide for the collection of interest and paying of interest on instalments; AND WHEREAS the Education Act, R.S.O. 1990, Chapter E.2, section 257.7(1) provides for the levying of taxes for school purposes NOW THEREFORE the Council of the Corporation of the Township of Adjala- Tosorontio enacts as follows: TAX RATES FOR SCHOOL PURPOSES 1. THAT the amount as requisitioned for education purposes for the year 2015 is as follows:

2 2 2. THAT the following tax rates be levied on the assessment in the lower tier municipalities rateable for school purposes: ESTABLISHING TAX RATIOS Education Tax Rates Residential Farmland Awaiting Development I Farmland Awaiting Development II Multi Residential Commercial Vacant building Vacant land Industrial occupied Industrial vacant Industrial access Pipelines Farmlands Managed Forest THAT the tax ratios for each property class as set out below, are the ratios that the tax rate for each property class must be to the tax rate for the residential/farm property class. Residential Multi Residential Commercial Industrial Pipelines Farmlands Managed Forest ESTABLISHING TAX RATE REDUCTIONS 4. THAT the tax rate reduction for: a) The vacant land, vacant units and excess land subclasses in the residual commercial property class is 30%; b) The vacant land, vacant units and excess land subclasses in the residual industrial property class is 35%; c) The first subclass of farmland awaiting development in the residential class is 25%; d) The second subclass of farmland awaiting development in the residential class is 0%; 5. THAT the tax ratios as established are to be utilized for both upper tier and lower tier purposes.

3 3 TAX RATES 6. Township Tax Rates Residential Farmland Awaiting Development I Farmland Awaiting Development II Multi Residential Commercial Commercial Vacant Lands Commercial Excess Lands Industrial Occupied Industrial Vacant Lands Industrial Excess Lands Pipelines Farmlands Managed Forests County Tax Rates Residential & Farm Farmland Awaiting Development I Farmland Awaiting Development II Multi Residential Commercial Commercial Vacant Lands Commercial Excess Lands Industrial Occupied Industrial Vacant Lands Industrial Excess Lands Pipelines Farmlands Managed Forests CAPPING FOR COMMERCIAL, INDUSTRIAL AND MULTI-RESIDENTIAL PROPERTY CLASSES 7. I) In determining the amount of taxes for municipal and school purposes for the year under subsection 329(1) and the amount of the tenant s cap under subsection 332(5), the greater of the amounts determined under paragraph a) and b) as set out below shall apply in determining the amount to be added under paragraph 2 of subsection 329(1), and the increasing amount under paragraph 2 of subsection 332(5). a) The amount of taxes uncapped taxes for the previous year multiplied by five percent (5%). II) The amount of taxes for municipal and school purposes for a property for a taxation year shall be the amount of the uncapped taxes for the property for the year if the amount of the uncapped

4 4 taxes exceeds the amount of taxes for municipal and school purposes for the property for the taxation year as determined under section 329, as modified under section of The Municipal Act and this by-law, by two-hundred and fifty dollars ($250.00) or less. III) The amount of the taxes for municipal and school purposes for a property for a taxation year shall be the amount of the uncapped taxes for the property for the year if the amount of the uncapped taxes exceeds the amount of the taxes for the municipal and school purposes for the property for the taxation year as determined under section 330, as modified under section of The Municipal Act and this by-law exceed the uncapped taxes, by two-hundred and fifty ($250.00) or less. ESTIMATED BUDGET 8. THAT the tax rates to be levied against the assessment of property in their respective property classes be based upon the total adopted estimates for County and Township purposes as follows: County of Simcoe $5,101,362 Township of Adjala-Tosorontio $3,939, THAT the Treasurer, not later than twenty-one (21) days prior to the date that the first instalment is due, shall mail or cause to be mailed to the address of the residence or place of business of each person a notice setting out the tax payments required to be made pursuant to this By-law, the respective dates by which they are to be paid to avoid penalty and the particulars of the penalties imposed by this By-law for late payment. 10. THAT taxes shall be payable to the Corporation of the Township of Adjala-Tosorontio and shall be paid to the Treasurer at the Municipal Office. 11. THAT the portion of the taxes for the year 2015 not already levied, including rates payable as taxes shall be due and payable in two instalments, July 31, 2015 and September 30, 2015 for all properties and all classifications except Commercial and Industrial which shall be due August 28, 2015 and October 30, THAT a percentage charge of one and one quarter per cent (1.25%) shall be imposed as a penalty for non payment and shall be added to every tax instalment or part thereof remaining unpaid on the first day following the due date and thereafter an additional charge of one and one quarter per cent (1.25%) shall be added to every such tax instalment or part thereof remaining unpaid on the first day of each calendar month in which default continues up to and including December of each year. 13. THAT the charge for the Ontario Provincial Police providing policing services within the Municipality be set at the rate of $ per residential unit and commercial industrial properties and $ per vacant property as per the Assessment Roll, for the taxation year 2015, and $25.00 per trailer site as indicated within the Zoning By-law. 14. THAT this By-law shall come into force and effect from and after the passing thereof. 15. THAT By-law is hereby repealed.

5 5 16. THAT, notwithstanding anything contrary to the rules of procedure, this By-law be introduced and read a first and second time and be considered read a third time and finally passed this 11th day of May, MAYOR MARY SMALL BRETT CLERK BARBARA KANE