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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. _:-.:--...;.'-.:..:¿~'~~:' ~------,-..~~.;.--