HomeMy WebLinkAboutKIN 45 1402 Prepayment of Taxes
BY-U,\'/ NO. 1402.
A By-Law to provide for the Prepayme t of Taxes.
\~EAS; it is provided by the Assessment ct R.S.O. 1927
Section III Sub-section 4. and R.S.O. 1937 Secti 113 S.S.4. that
the Council of a Town may by By-Law authorize the Treasurer or Collector
to receive in any year paymen,s on account of ta es for that year in
advance of the date fixed by By-Law for the payme t of any installment
and to allow a discount for su.h p~aL~x pre ayment;-
Be it therefore enacted and it is hereby
of the Corporation of the Town of Kincardine as
(1) The Treasurer may receive in the year 194 payments 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 disc nt according to the
followig Sohedule,which approximates as nearly a may be the rate of
four per cent per annum for each period stated,notwithstanding that
such taxes have not been levied and tha.t the .^sseasment RoUfor the
year 1946 has not been adopted by the Council wh any such advanoe
payment is made. The Sohedule of diaooUllts allo~ d for the d~fferent
Periods of payment shall be as follows;-
the Council
The cost of a Certifioate for any other
shall be in the awne porportation as the above 00
of each oertificate respeotively,if the Counoil s
issue prepayment eertificates·íor amounts other t
COST
1st April
to
Uth April
$ 9.95
49.75
99.50
COST COST COST
A.'IIOUNT 1st January l5U January 1st Febl'll8l')'
to to to
Uth January 31st January 15th Febl'll8l')'
$ 10.00 $ 9.83 $ 9.85 $ 9.87
50.00 49.15 49.25 49.34
100.00 98.30 98.50 98.70
aunts than the above
t bears to the amount
auld hereafter decideto
an. the above amounts.
(2) The Collector for the Town shall deliver r mail postpaid to
each ratepayer of the Town of Kincardine in aocor anoe with Seotion 107
of the said Assessment Aot,a notice on which shal be written or p~inted
a concise statment of the time and manner of paym nt and the rate of
discount to be allowed and at ffilV time within fou teen days after such
notice has first been givenany r;tepayer-may take advantage of this
BY-Law regarding prepayment and disoount allowed _ereby.
(3) Tax prepayment Certifioates shall be sol during the months of
January,February,Maroh and ¡epril, only ill the yea 1946,and on present-
ation of any such oertificate or certificates to he Colleotor on or
before the date when the 1946 t~~es become due,te _ purchaser shall be xx
a110',"':1d a credit equal to the face vs.lue of each su.ch certifioate so
rresented,on acoount of taxes levied against the ratpayer so presenting
the oertificate in the year 1946,
3j.gned, Sealed ffi1d finally I':::'ss'Jd this Fi . teenth day
of l1ovem.b(}r ~:".J). I,?45.
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16l4l(frtÚ4f
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Mayor.