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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. ....a~~.; . , '01 ~y,j,~.-:..-.r""'-;-.J . ;;,.. ..--".......... 16l4l(frtÚ4f . . .. . <: . - , .' .' .' ;' " Mayor.