HomeMy WebLinkAboutKIN 83 4505 Penalty -Set Rate . . THE CORPORATION OF THE TOWN OF KINCARDINE BY-LAW NO. 4505 BEING A BY-LAW TO ESTABLISH A PENALTY CHARGE FOR NON-PAYMENT OF CURRENT TAXES. WHEREAS under the provisions of Section 386 (4) of the Municipal Act, R.S.O. 1980, Chapter 302, a municipality may impose penalties on unpaid and overdue taxes which are levied in the current calendar year; AND WHEREAS overdue taxes are those taxes which have been paid in the current calendar year which are due and unpaid; NOW THEREFORE the Council of the Corporation of the Town of Kincardine ENACTS as follows: 1. That the rate of 1.25% as a penalty for non-payment of taxes due shall be imposed on the first day of default and on the first day of each calendar month thereafter in which default continues, but not after December 31 of the year during which such taxes are levied; 2. That the penalty charge imposed by this By-law shall be effective for the year 1983; 3. That By-laws 4246, 4379 and 4426 be and the same are hereby repealed. READ a FIRST and SECOND time this 3rd day of Fe~uary , 1983. ~~~?~ Mayor ~?ð~ --- Clerk READ a THIRD time and FINALLY PASSED this 3rd day of February, 1983. ~~~- -/_-- ~ - /,?Çl~ Mayor