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Bylaw 2385: Adopt The Budget And Tax Rates And To Further Provide For Penalty And Interest In …

The Corporation Of The Township Of Augusta By-law Number 2385 Aby-lawtoadoptthebudgetandtax Ratesandtofurther Provide For Penaltyandinterest In Default Of Payment Whereassections367and368ofthemunicipalact,chapterm.451990asamended By Bills106,149,160164and16providesthat Municipal Councils Shall Adopt An Estimatedlevy Forthecurrentyearandpassaby-lawtolevyaseparatetax Rate On The Assessment In Each Property Class; Andwhereassections362and363ofthesaidactrequiretaxratestobeestablishedinthe Same Proportion To Tax Ratios; Andwhereascertainregulationsrequire Reductions In Certain Tax Rates For Certain Classes Or Subclasses Of Property; Nowthereforethecouncilofthecorporationofthetownship Of Augusta Enacts As Follows: 1.the Council Hereby Adopts A Tax Levy Of $1,720,058 For All Purposes For 1999. 2.thatataxrateof1.108804isherebyadoptedtobeapplied Against The Whole Of The Assessment For Real Property In The Residential/farm Class. 3.thatataxrateof 1.939233 Is Hereby Adopted To Be Applied Against The Whole Of The Assessment For Real Property In The Multi-residential Class. 4.thatataxrateof3.046071isherebyadoptedtobeappliedagainst The Whole Of The Assessment For Real Property In The Commercial Occupied Class. 5.thatataxrateof2.132189is Hereby Adopted To Be Applied…

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