HomeMy WebLinkAboutKIN 46 1417 Prepayment of Taxes
A BY-t¿W to provide for the prepajme t of Taxes.
WHEREAS; it is provided by the Assessment Aot R.S.O.19}7
. Seotion 11} Sub-seotion 4 that the Counoil of Town may by By..lAw
Authorize the Teeasurer or Colleotor to reoeiv in any year payments
on aooount of the Taxes for that year in advan e of the date fixed
by By/law for the payment of any installment d to allow a disoount
for suoh prepayment;-
Be it therefore enaoted and it is hereby enaoted by the Cotnoi1
of the Corporation of the Town of Kinoardine a follows;-
(1) The Treasurer may reoeive in the Year 1947 Payments on acoount of
the Taxes in advance of the date due and he is hereby authorized to
allow a discount on suoh taxes at a rate of di oount aooording to the
f-allowing sohedule,whioh approximates as nearl as may be the rate of
tour per oent per annum for each period stated notwithstanding that
suoh taxes have not been levied and that the A sesement Roll for the
year 1947 has not been adopted by the Counoil hen suoh advanoe
Payment is made, The said sohedule of discount allowed for the
different periods of paym.ent shall be as _follo ____
. . COST- COST- ---COST . . C - COST
1st April
- to
15th AJ.rU
$ 9.95
49.75
99.50
than the above
ost bears to the amount
1 should hereafter deoiè
her than the aboveamoun1
~
By-Law 1'0.1417.
AIIIOUN']' . 1st. January 15th JanWU'7 18t Februar.y
to to to
15th January 3bot January 1;'itb Febl"oar)'
$ 10.00 $ 9.83 $ 9.85 $ 9.87
50.00 49.15 49.25 49.34
100.00 98.30 98.50 98.70
The oost of a oertifioate for any other
shall be in the same porporation as the above
of eaoh certifioate respective11y,if the Counc
to issue prepeyment oertificates for emh8nts 0
(2) The Colleotor for the Town shall deliver
rapepayer of the Town of Kinoardine in aocorda
the Assessment Aot,a notioe on whioh shall be
oonsioe statement of the time and manner of pa
disoount to be allowed and at any time within
notice has first been given any ratepater may
BY-Law regarding prepayment and disoount allow
(}). Tax Prepayment Certifioates shall be sol
January,February,Marooh,and April,only in the
ation of any suoh oertifioates to the oolleoto
when the 1947 Taxes beoome due, the purohaser
equal to the faoe value of eaoh suoh oertifio
aooount of taxes levied against the ratepayer
oertifioate in the year 1947.
Signed,Sealed and Finally Passed
-~~.
t)~~·~.
r mail postpaid to eaoh
oe with Seotion 109 of
ritten or printed a
ent æ d the rate of
ourteen days after suoh
ake advantage of this
d hereby.
during the months of
ear 1947.and on presen~
on or before the date
all be allowed a oredi~
te so presented,on
o presenting the
day of November 1946 A
.. .ß:~~..
~.