HomeMy WebLinkAboutKIN 72 2256 Payment of taxes
-~:.
?"~...~.;"
THE CORPORATION OF THE TOWN OF KINCARDI E
BY-LAW NO. 2256
WHEREAS it is provided by the Municipal Act 1972. Chap. 284.
S.ction 527. Subsea tion 5 as amended, that the C uncil of a
Town may by By-law authorize the Treasurer or Col ector to
receive in any year payment on the acco~t of the taxes for
that year in advance of the date fixed by By-law or the
payment of any instalment and to allow a disoount for such~
p$yment.
BE IT THEREFORE ENACTED and it is hereby enacted y Council of
the Corporation of the Town of Kincardine as foIl ws:
1. The Treasurer may receive in any year payme ts on account
of the taxes in advance of the date due and he is hereby authorized
to allow a discount on such taxes at a rate of di Count according
to the following schedule, which approximates as early as may be
the rate of $e~eD percent per annum for each peri d stated,
notwithstanding that such taxes have not been lev ed and that
the assessment roll for ' the year has not been ado ted by the '
Council when such advance payment is made. The sa d schedule of
discount allowed for the different periods of pay ent be as
follows:
-------~----------------------------------------- --------------
AMOUNT 1st Jan. 16th Jan. 16th Feb. l6t Mar. 16 Apr.
. to to to to to
15th Jan. 15th Feb. 15th Mar. l5t Apr. 15th May
. 10.00 $ 9.74 :\I 9.80 $ 9.85 :\I 9 91 , 9.97
50.00 48.70 49.00 49.25 49 55 49.85
100.00 97.40 98.00 98.50 99 10 99.70
The cost of a certificate for any other amounts t n the above
shall be the same proportions as the above cost bars to the
amount of each certificate respeetively, if the C uncil should
hereafter issue prepayment certificates for the a ount other
than the above amounts.
..
2. The Collector for the Town of Kincardine s
mail postpaid to each ratepayer, of the Town of Ki
aécordan4e with Section 521 of , the Municipal Act,
which shall be written or printed a concise state
time and manner of payment and rate of discounts
any timw within fourteen days after such notice
any ratepayer may take advantage of this by-law
and discount allowed thereby.
11 deliver or
cardine in
a notice on
ent of the
Howed and at
s first been given
r garding payment
3. Tax 'repayment Certificates shall be sold d ring the months
of Januarj, February, March, April and May, only n the year and
on presentation of any certificates to the collec or on or before
the date when taxes become due, the purchaser sha 1 be allowed a
credit equal to the faoe value of each such certi ieate presented,
on aCcount of taxes levied against the ratepayer resenting the
certificate in the year the taxes are due.
4. This By-law to be in effect until repealed.
R~ a FIRST and SECOND time this 16
day 0
Roy ..<:>'19~''7J;--
:--- ~~":' ~ - .~--:.
((
~ífit! ?7l. hÂ~
R.~r~..TIME and FINALLY PASSED this
....-~ ...-. . '"
~~Z~~~~.: ~
:--.." .=....~../A~
" '-0-
~. ....'" "':'J ......-.:/......
.... ..., v ., '- ....
"::.(~-:_-~ ~..~-=---'-
-
- ~
-
. '
16th day
-'...r. 'v -""
~'-."';"¡-../ 1'''. v. -,>.~~
-.',.',. '~'~~;:'--
ofÍfj)y~--i9-72.
_._..-.~
I
-
~'.:-_,...¡_.'. ',J,_...
,,/ '..
./ ./ -:..
-
r
- -
- ..:;. -:::.. ....... ::--.::
- - ...-..., "-"....
-'-...- ~ ~-::
. v-:' ...... -,/,
'~~-c."-. v" J.
_:-.:--...;.'-.:..:¿~'~~:'
~------,-..~~.;.--