FINAL TAX RATES AND BUDGET
MAY 22, 2007
|
Property Class |
Class |
Returned |
County |
Education |
Municipal |
Total |
|
|
ID |
Assessment |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
RT |
295,815,275 |
1,324,744 |
780,952 |
1,927,918 |
4,033,614 |
|
Multi-Residential |
MT |
5,239,240 |
23,463 |
13,832 |
34,146 |
71,441 |
|
Commercial |
CT |
20,786,270 |
114,785 |
288,019 |
167,049 |
569,853 |
|
Commercial- vacant unit |
CU |
48,790 |
189 |
473 |
274 |
936 |
|
Commercial- vacant land |
CX |
162,900 |
630 |
1,580 |
916 |
3,126 |
|
Industrial |
IT |
2,597,205 |
20,327 |
56,082 |
29,583 |
105,992 |
|
Industrial- vacant unit |
IU |
147,385 |
750 |
2,069 |
1,091 |
3,910 |
|
Industrial- vacant land |
IX |
135,840 |
691 |
1,907 |
1,006 |
3,604 |
|
Industrial-large |
LT |
9,174,285 |
71,803 |
198,102 |
104,498 |
374,403 |
|
Pipeline |
PT |
1,725,000 |
7,852 |
19,679 |
11,427 |
38,958 |
|
Managed Forests |
MT |
556,270 |
622 |
367 |
906 |
1,895 |
|
Farmland |
FT |
145,186,940 |
162,546 |
95,823 |
236,557 |
494,926 |
|
Residential- Education |
RD |
433,495 |
N/A |
1,144 |
N/A |
1,144 |
|
|
|
|
|
|
|
|
|
Totals |
|
482,008,895 |
1,728,402 |
1,460,029 |
2,515,371 |
5,703,802 |
1. That the sum of $2,515,371 shall be raised for the lawful municipal purposes of the Corporation of the Municipality of Arran-Elderslie for the year 2007 broken down as follows:
|
2007 Budget |
Operating |
Capital |
Total |
Reserves |
|
Expenditures |
8,312,281 |
2,981,397 |
11,293,678 |
1,745,407 (A) |
|
Revenue |
6,325,647 |
2,452,660 |
8,778,307 |
865,605 (B) |
|
Total Municipal Taxation |
1,986,634 |
528,737 |
2,515,371
|
879,802 |
(A) Denotes contributions to Reserves
(B) Denotes contributions from Reserves
2. That the General Municipal Tax Rates for 2007 to be applied to each class of assessment, in accordance with tax ratios established by the County of Bruce as follows:
|
Property Class |
Class |
Tax |
Weighted |
County |
Education |
Municipal |
Total |
|
|
ID |
Ratio |
Assessment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
RT |
1.0000 |
295,815,275 |
0.00447828 |
0.00264000 |
0.00651730 |
0.01363558 |
|
Multi-Residential |
MT |
1.0000 |
5,239,240 |
0.00447828 |
0.00264000 |
0.00651730 |
0.01363558 |
|
Commercial |
CT |
1.2331 |
25,631,550 |
0.00552216 |
0.01385620 |
0.00803649 |
0.02741485 |
|
Commercial- vacant unit |
CU |
1.2331 |
42,114 |
0.00386551 |
0.00969934 |
0.00562554 |
0.01919039 |
|
Commercial- vacant land |
CX |
1.2331 |
140,610 |
0.00386551 |
0.00969934 |
0.00562554 |
0.01919039 |
|
Industrial |
IT |
1.7477 |
4,539,135 |
0.00782668 |
0.02159319 |
0.01139029 |
0.04081016 |
|
Industrial- vacant unit |
IU |
1.7477 |
167,430 |
0.00508734 |
0.01403557 |
0.00740369 |
0.02652660 |
|
Industrial- vacant land |
IX |
1.7477 |
154,315 |
0.00508734 |
0.01403557 |
0.00740369 |
|