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Bylaw 2505: Adopt The Yearly Estimates And Tax Rates And Further Provide For Penalty And Interest In …

The Corporation Of The Township Of Augusta By-law Number 2505 Beinga By-law To Adopt The Yearly Estimates And Tax Rates And To Furtherprovide For Penalty And Interest In Default Of Payment Whereassection 290(1) Of The Municipal Act 2001 C. 25 States That A Local Municipality Shall In Each Year Prepare And Adopt A Budget Including Estimates Of All Sums Required During The Year Provides That Municipal Councils Shall Adopt An Estimated Levy For The Current Year And Pass A By-law To Levy A Separate Tax Rate On The Assessment In Each Property Class; And Whereassections Of The Said Act Require Tax Rates To Be Established In The Same Proportion To Tax Ratios; And Whereascertain Regulations Require Reductions In Certain Tax Rates For Certain Classes Or Subclasses Of Property; Now Therefore The Council Of The Corporation Of The Township Of Augusta Enacts As Follows: 1.the Council Hereby…

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