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2008 Tax Rates

Council Motion 08-G-183 established the tax rates to be used in determining the municipal portion of your 2008 property tax bill. The motion also established the tax due dates for the final two installments for all properties. The rates for the education portion of your property tax bill are determined by the Provincial government and legislated under the Education Act. The portion of your property tax bill relating to education is collected by the municipality on behalf of the Province but is remitted to the Public and Separate School Boards for the Barrie area. No portion of the revenue collected for this purpose is retained by the municipality. By-law #2008-068 established the tax ratios to be used to determine the relative amount of taxation to be borne by each property class.

The tax rate schedule that follows is the combined tax rate for both the municipal and education levy for 2008. For residential property taxpayers, the amount of your final tax bill is determined by using the assessment for your property (this is determined by the Municipal Property Assessment Corporation and not the City of Barrie) and multiplying this by the residential tax rate. The final bill is reduced by the amount that was billed on the interim tax billing. It is important to note that the amount deducted is not the amount paid, only the amount that was billed. If you missed a payment or were late and assessed a penalty, there will be a notation on your final bill to contact the Tax Office at 705-739-4230 in regards to the arrears on your account. Taxpayers are encouraged to pay their bills by the due date to avoid the 1.25% penalty and interest charge applicable to late payments. We also suggest taxpayers explore the many payment options available to them including our pre-authorized payment plans.

2008 Tax Due Date Schedule - All Properties
First Installment June 23
Second Installment September 29
Please check your tax bill for the due dates applicable to your property.


2008 Tax Ratios
Residential/farm property class 1.000000
Multi-residential property class 1.078700
Commercial property class 1.433126
Industrial property class 1.516328
Pipelines property class 1.103939
Farmlands property class 0.250000
Managed Forests property class 0.250000


2008 Capping Threshold Parameters Used
Capping Threshold Parameters Used   Multi-Residential Commercial Industrial
Annualized Tax Limit   10.00% 10.00% 10.00%
Prior Year CVA Tax Limit   0.00% 0.00% 0.00%
CVA Tax Threshold - Increasers   250 250 250
CVA Tax Threshold - Decreasers   250 250 250
 
Decrease Clawback   40.0928% 63.8620% 68.4277%
Decrease Retained   59.9072% 36.1380% 31.5723%
Total   100.00% 100.00% 100.00%
 
Tax Adjustment - Increasers   -14,255.00 -698,417.00 -411,268.00
Tax Adjustment - Decreasers   14,255.00 698,417.00 411,268.00
Net Class Impact   0 0 0
Overall Levy Change Factor (OLC)   3.1099% 1.9128% 1.9210%