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VILLAGE OF POINT EDWARD
By-law Number 13 of 2025
A By-law to Levy Taxes for the Year 2025
ee
WHEREAS the council of The Village of Point Edward has prepared and
adopted estimates of all sums required during the year for the purposes of the
Municipality pursuant to Section 290 of the Municipal Act, 2001 (“Act”);
AND WHEREAS it is necessary to levy on the whole of the assessment for
rcalty property according to the last revised assessment roll for the Village of
Point Edward, the sum of $6,722,213 being the aggregate of the sums required
to be provided by the Municipal Council for the current year for:
School 1,323,356
County - Upper Tier 2,180,273
General - Lower Tier 3,218,584
| Total $ 6,722,213
“..D WHEREAS the Assessment Roll for the 2025 tax levy purposes is as
follows:
Property Class Tax Class/ Current Value
Qualifier | Assessment (CVA)
Residential RT 221,136,900
7 Multi-Residential MT 3,568,000
Multi-Residential New Construction NT 0
Commercial - Occupied CT 99,090,400
Commercial - General CM 5,877,706
Commercial - Excess Land CU 3,915,500
Commercial - Vacant Land CX
_ Parking Lots & Vacant Land GT 4,422,000
a Office Building-Occupied DT 2,592,500
Office Building-Vacant DU
Industrial - Occupied jai 1,032,300
Industrial - Excess Land IU 53,400
Industrial - Vacant Lands Ix 236,000
Pipelines PT 980,000
Total $342,904,706
) WHEREAS the Corporation of the County of Lambton passed By-law
aber 14 of 2025, being a by-law to set tax ratios for prescribed Property
‘asses for the year 2025.
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‘D WHEREAS the Corporation of the County of Lambton passed By-law
uber 12 of 2025, being a by-law to Establish and Levy Tax Rates for Upper
purposes for the year 2025 and adopt estimates of all sums required by the
nty of Lambton for County purposes and to provide a levy on area
nicipalities;
) WHEREAS the Corporation of the County of Lambton passed By-Law
uber 13 of 2025, being a by-law to Set Tax Rate Reductions for Prescribed
»erty Subclasses for the Year 2025;
D WHEREAS the Province of Ontario has enacted Ontario Regulation
/98, being a regulation establishing tax rates for education purposes for the
r 2023;
) WHEREAS an interim levy was made before the adoptions of the
mates for the current year;
W THEREFORE the Council of the Corporation of the Village of Point
vard enacts as follows:
1. That for the purposes of providing the sum of $6,722,213 for
School purposes, County (Upper Tier) purposes and General
(Lower Tier) purposes for the year 2025, there shall be levied and
collected upon the whole rateable properties within the Village of
Point Edward the following tax rates:
em Weighted
: ig Current Tax aor Current Effective Tax
operty Class Class/ Value yee Full Val Rat Taxes
Qualifier | Assessment Rate Me =
Assessment
Residential RT 221,136,900 | 1.00000 | 100% | 221,136,900 | 0.00773424 1,710,327
ilti-Residential MT 3,568,000 | 2.00000 | 100% 7,136,000 | 0.01546848 55,192
eee NT 0 | 1.00000 | 100% 0 | 0.00773424 0
oI - CT 99,090,400 | 1.62710 | 100% | 161,230,089 | 0.01258439 1,246,992
a re - CM 5,877,706 | 1.62710 | 100% 9,563,621 | 0.01258439 73,967
mee aoe cu 3,915,500 | 1.62710 | 70% 4,459,640 | 0.00880907 34,492
= CX 1.09116 | 100% 0 | 0.00843930 0
pe re “j GT 4,422,000 | 1.09116 | 100% 4,825,114 | 0.00843930 37,319
‘ood | OF 2,592,500 | 1.53580 | 100% | 3,981,556 | 0.01187823 30,794
ES ae DU 1.53580 | 70% 0 | 0.00831476 0
% smmgiech IT 1,032,300 | 2.04757 | 100% 2,113,709 | 0.01583641 16,348
ba ais IU 53,400 | 2.04757 | 65% 71,071 | 0.01029367 550
e aan 7 IX 236,000 | 2.04757 | 65% 314,098 | 0.01029367 2,429
Pipelines PT 980,000 | 1.34236 | 100% 1,315,508 | 0.01038210 10,174
‘Total | $342,904,706 | | $416,147,306 | $3,218,584
. THAT, the levy provided for in Item 1 above shall be reduced by
the amount of the interim levy for 2025.
. THAT, the Treasurer is hereby authorized to mail or cause to mail
the notices of taxes due to the address of the residence or place of
business of the person indicated on the last revised assessment roll.
. THAT, the Treasurer may accept part payment on account of any
taxes due and where part payment on account of taxes due for any
year is accepted, such part payment shall be credited first on
account of the interest and penalty charges. If any, added to such
taxes and where such taxes are required to be paid by instalments,
the remainder of such payments shall be credited first against the
instalment first due and secondly against the instalment next due,
and so on, until the whole of the remainder of the payment has been
credited against such taxes.
. THAT, for all tax classes, the said tax levy shall become due and
payable in two installments as follows: July 2, 2025 and October 1,
2025 and non-payment of the amount on the dates stated in
accordance with this section shall constitute default.
. THAT, any charges due from the assessments from the following
legislation shall be added to the Collector’s Roll and be collectable
in the same manner as property taxes: Drainage Act, Housing
Development Act, Village By-Laws, Line Fences Act, Local
Improvement Regulation, Weed Control Act, Municipal Act,
Ontario Water Resources Act, Planning Act, Provincial Offences
Act and the Power Corporation Act.
. THAT, uncollected water and sewer charges may be added to the
roll of affected properties.
. THAT, a charge of $100 will be added to the property tax roll for
administration costs where charges related to clauses 7, 8 and 11
are added to the roll.
. THAT, the Treasurer shall add the amount of all taxes due and
unpaid, interest at the rate of 1.25 percent per month or fraction
thereof, being 15 percent per annum, except as specified in clause
12 below.
10. THAT, there may be added to the Collector’s Roll all or any
charges which would be collected pursuant to any statute or by-
laws, which are now or may become due to the municipality in 2025
and that all said charges shall be collected in the same manner and
at the same time as all other rates and levies.
11. THAT, for payments in lieu of taxes due to the Village of Point
Edward, the actual amount due to The Village of Point Edward shall
be based on the assessment roll and the tax rates for the year 2025.
12. THAT, taxes are payable at Village of Point Edward by
telephone/internet banking, pre-authorized bank withdrawals,
debit, cash or cheque, E-Transfers or Mortgage Companies.
13. This By-law shall come into force and take effect immediately upon
the final passing thereof. By-Law 11 of 2024 is hereby rescinded.
Tl AT this By-Law be Read a FIRST, SECOND and THIRD TIME and
F] YALLY PASSED this 27th day of May, 2025
a y X Ravar
f Clerk