Property Taxes - 2020 Interim Levy By-Law

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The decision

2019-11-26 · Toronto City Council · adopted

As filed

City Council on November 26 and 27, 2019, adopted the following: 1. City Council authorize that the 2020 interim levy for all property classes be based on 50 percent of the total 2019 taxes billed for each property, adjusted, as necessary, to reflect any additional taxes added to the previous year's taxes as a result of assessment added to the tax roll. 2. City Council authorize that the interim levy apply to assessments added to the tax roll for 2019 that were not on the assessment roll when the by-law was passed.

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3. City Council authorize that: a. the interim bill payment due dates for property tax accounts paid on the eleven (11) instalment pre-authorized tax payment plan be: February 18, March 16, April 15, May 15, and June 15, 2020; b. the interim bill payment due date for the two (2) instalment pre-authorized tax payment plan be March 2, 2020; and c. the interim bill payment due dates for all other property tax accounts on the regular instalment option or on the six (6) instalment pre-authorized tax payment plan be: March 2, April 1, and May 1, 2020. 4. City Council authorize the introduction of the necessary Bill in Council on November 26 and 27, 2019, providing for the levying and collection of the 2020 interim taxes prior to the adoption of the estimates for 2020, which By-law, when enacted, will be effective as of January 1, 2020.

On the agenda

As the city filed it

This report requests Council authority to adopt the necessary by-law to levy interim property taxes for all property classes for 2020 and to prescribe applicable interim bill payment due dates. The 2020 interim levy will raise approximately $2.21 billion for City purposes, and will provide for the cash requirements of the City until such time as the 2020 Operating Budget and 2020 final property tax levy are approved by Council.

Staff recommended

The Controller recommends that: 1. City Council authorize that the 2020 interim levy for all property classes be based on 50 percent of the total 2019 taxes billed for each property, adjusted, as necessary, to reflect any additional taxes added to the previous year's taxes as a result of assessment added to the tax roll. 2. City Council authorize that the interim levy apply to assessments added to the tax roll for 2019 that were not on the assessment roll when the by-law was passed.

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3. City Council authorize that: a. the interim bill payment due dates for property tax accounts paid on the eleven (11) instalment pre-authorized tax payment plan be: February 18, March 16, April 15, May 15, and June 15, 2020; b. the interim bill payment due date for the two (2) instalment pre-authorized tax payment plan be March 2, 2020; and c. the interim bill payment due dates for all other property tax accounts on the regular instalment option or on the six (6) instalment pre-authorized tax payment plan be: March 2, April 1, and May 1, 2020. 4. City Council grant authority to introduce the necessary bill in Council on November 26 and 27, 2019, providing for the levying and collection of the 2020 interim taxes prior to the adoption of the estimates for 2020, which by-law, when enacted, will be effective as of January 1, 2020.

Considered

2019-11-14 · Executive Committee · adopted
Decision as filed
The Executive Committee recommends that: 1. City Council authorize that the 2020 interim levy for all property classes be based on 50 percent of the total 2019 taxes billed for each property, adjusted, as necessary, to reflect any additional taxes added to the previous year's taxes as a result of assessment added to the tax roll. 2. City Council authorize that the interim levy apply to assessments added to the tax roll for 2019 that were not on the assessment roll when the by-law was passed.
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3. City Council authorize that: a. the interim bill payment due dates for property tax accounts paid on the eleven (11) instalment pre-authorized tax payment plan be: February 18, March 16, April 15, May 15, and June 15, 2020; b. the interim bill payment due date for the two (2) instalment pre-authorized tax payment plan be March 2, 2020; and c. the interim bill payment due dates for all other property tax accounts on the regular instalment option or on the six (6) instalment pre-authorized tax payment plan be: March 2, April 1, and May 1, 2020. 4. City Council grant authority to introduce the necessary bill in Council on November 26 and 27, 2019, providing for the levying and collection of the 2020 interim taxes prior to the adoption of the estimates for 2020, which by-law, when enacted, will be effective as of January 1, 2020.
2019-11-26 · Toronto City Council · adopted

On the record

The item as the City filed it