HomeMy WebLinkAbout2000-180 CORPORATION OF THE MUNICIPALITY OF CLARINGTON
BY-LAW NO. 2000- 180
A By-Law to provide for the Municipality of Clarington's Tax
Rebate Program for Newly Constructed Properties
WHEREAS, the Corporation of the Municipality of Clarington is required to have a tax
rebate program for newly constructed properties, for the purposes of giving relief from
taxes on eligible property, pursuant to s.442.4 of the Municipal Act, R.S.O. 1990, c.M.45,
as amended (hereinafter referred to as the "Act");
NOW THEREFORE, the Council of the Corporation of the Municipality of Clarington
enacts as follows:
Definitions:
In this By-Law the following definitions apply:
"Act"means the Municipal Act
`FAL means the frozen assessment listing
"improvement"means:
(a) a new building erected on property that was vacant as of January 1, 1998;
or
(b) a new building erected on property where a building had existed prior to
January 1, 1998 and where the previously existing building has been
removed after the erection of the new building; or
(c) the erection of a new building where the assessment of the property has
increased by more than 50% as a result of the erection of the new building.
1. A tax rebate program for the Municipality of Clarington for 1998 and 1999
taxation is established for:
a) properties that became subject to Part XXII.1 (or XXII.2) of the Act after
01/01/98 and before 01/01/00; or,
b) properties that were subject to Part XXII.1 (or XXII.2) of the Act on
01/01/98 if improvements were made on the property after 01/0 1/98 and
before 01/01/00;
2. The tax rebate is only available to properties where the FAL of the property has
been changed pursuant to s.447.10(2) of the Act.
3. The tax rebate shall be determined and paid in accordance wiih the provisions of
Ontario Regulation 600/99.
4. Notwithstanding the provisions of this By-Lai,, properties added to the FAL
pursuant to section 447.7 (ceasing to be exempt on assessment roll; being added
to assessment roll due to severance or subdivision; ass--ssed under s.33(3)
Assessment Act) or section 447.9(2) (change in property classification making
Part XXII.1 of the Act apply) of the Act are not eligible for a tax rebate pursuant
to this By-Law until the Minister of Finance by regulatioi.provides.
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5. The provisions of s.442.4, s.447.10, s.447.34.1 of the Municipal Act, R.S.O. 1990,
c.M.45 as amended and Ontario Regulation 600199 shall apply with necessary
modifications.
6. This By-Law may be cited as the "Municipal tax rebate for Newly Constructed
Properties By-Law".
By-Law read a first and second time this 16th day of October 2000.
By-Law read a third and finally passed this 16th day of October 2000.
Mayor
Clerk