HomeMy WebLinkAbout04 004 interim tax levy
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KBT
THE CORPORATION OF THE MUNICIPALITY OF KINC INE
BY-LAW
NO. 2004 - 04
BEING A BY-LAW TO PROVIDE FOR A LEVY OF TAXES EFORE THE
ESTIMATES ARE ADOPTED IN THE YEAR 2004 AND TO P OVIDE FOR
PENAL TV AND INTEREST
WHEREAS Section 317 of the Municipal Act, 2001, S.O. 2001 c 25 as amended
provides that the Council of a local municipality may before th adoption of the
estimates for the year under Section 290, pass a by-law levying amounts on the
assessment of property in the local municipality rateable for I cal municipality
purposes, an amount not to exceed 50 percent of the total am unt of taxes for
municipal and school purposes levied on an annualized basis 0 the property for
the previous year,
AND WHEREAS Subsections 1 to 5 of Section 345 provide for t e imposing of a
penalty and interest respectively on taxes due but not yet paid,
NOW THEREFORE the Council of the Corporation of the Municipality of
Kincardine ENACTS as follows:
1) An interim levy which will produce an amount not e ceeding 50% of
the total annualized amount of taxes for muni ipal and school
purposes levied on each property for the year 200 .
2) That the dates for payment of taxes under this b -law shall be as
follows:
Due date of 1st installment.................................
Due date of 2nd installment..................................
March 1 sl
June 1 sl
3) That a percentage charge of 1.25 per cent ( .25%) shall be
imposed as a penalty for non-payment of taxes of any class or
installment thereof on the first day of default and n the first day of
each calendar month thereafter in which default continues up to
and including December of each year.
4) On all other taxes in default on January 1s" 2004, interest shall be
added at the rate of 1.25 per cent (1.25%) per onth or fraction
thereof.
5)
Penalties and interest added on all taxes, includin the interim tax
levy, in default shall become due and payabl and shall be
collected forthwith as if the same had originally b en imposed and
formed part of such interim levy.
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That the Treasurer, not later than 21 days prior to he date that the
first installment is due, shall give to the person axed, a printed
notice specifying the amount of the taxes payable y delivering the
notice or causing it to be delivered to or for th t person at the
person's residence or place of business or upon the premises in
respect of which the taxes are payable. ,
That the notice shall include the due date for each! installment and
the particulars of the penalties imposed for late paYo/lent.
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That the Treasurer be and is hereby authorized to accept part
payment from time to time on account of any taxes due and to give
receipt for such part payment, provided that ace ptance of any
such part payment does not affect the collection of any percentage
charge imposed and collectable, under section 345 f the Municipal
Act, in respect of non-payment of any taxes or any lass of taxes or
of any installment thereof. I
2004 Interim Taxation By-Law
By-Law No. 2004 - 04
Page 2 of 2
6)
7)
8)
That taxes shall be payable to the Corporation of th Municipality of
Kincardine and can be paid to the Treasurer a the Municipal
offices, by pre-authorized payment, at any financ al institution in
Canada which accepts such payments or in any ther manner or
location approved by Council.
9) That this by-law shall come into full force upon its fi1al passage and
may be cited as the "2004 Interim Taxation By-Iaw".
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READ a FIRST, SECOND, and THIRD time and DEEMED TO Br PASSED this
7th day of January, 2004. I
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Mayor
Cler