HomeMy WebLinkAbout05 016 interim taxation
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TIlE CORPORATION OF TIlE MUNICIPALITY OF KINCARDINE
BY-LAW
NO. 2005 - 016
BEING A BY ·LAW TO PROVIDE FOR A LEVY OF TAXES BEFORE THE
ESTIMATES ARE ADOPTED IN THE YEAR 2005 AND TO PROVIDE FOR
PENAL TV AND INTEREST
WHEREAS Section 317 of the Municipal Act, 2001, S.O. 2001 c. 25 as amended
provides that the Council of a local municipality may before the adoption of the
estimates for the year under Section 290, pass a by-law levying amounts on the
assessment of property in the local municipality rateable for local municipality
purposes, an amount not to exceed 50 percent of the total amount of taxes for
municipal and school purposes levied on an annualized basis on the property for
the previous year,
AND WHEREAS Subsections 1 to 5 of Section 345 provide for the imposing of a
penalty and interest respectively on taxes due but not yet paid,
NOW THEREFORE the Council of the Corporation of the Municipality of
Kincardine ENACTS as follows:
1) An interim levy which will produce an amount not exceeding 50% of
the total annualized amount of taxes for municipal and school
purposes levied on each property for the year 2004.
2) That the dates for payment of taxes under this by-law shall be as
follows:
Due date of 1st installment.................................
March 1st
Due date of 2nd installment..................................
June 1 st
3) That a percentage charge of 1.25 per cent (1.25%) shall be
imposed as a penalty for non-payment of taxes of any class or
installment thereof on the first day of default and on the first day of
each calendar month thereafter in which default continues up to
and including December of each year.
4) On all other taxes in default on January 1st, 2005, interest shall be
added at the rate of 1.25 per cent (1.25%) per month or fraction
thereof.
5)
Penalties and interest added on all taxes, including the interim tax
levy, in default shall become due and payable and shall be
collected forthwith as if the same had originally been imposed and
formed part of such interim levy.
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2005 Interim Taxation By-Law
By-Law No. 2005 - 016
Page 2 of 2
6)
That the Treasurer, not later than 21 days prior to the date that the
first installment is due, shall give to the person taxed, a printed
notice specifying the amount of the taxes payable by delivering the
notice or causing it to be delivered to or for that person at the
person's residence or place of business or upon the premises in
respect of which the taxes are payable.
7)
That the notice shall include the due date for each installment and
the particulars of the penalties imposed for late payment.
8)
That the Treasurer be and is hereby authorized to accept part
payment from time to time on account of any taxes due and to give
receipt for such part payment, provided that acceptance of any
such part payment does not affect the collection of any percentage
charge imposed and collectable, under section 345 of the Municipal
Act, in respect of non-payment of al1Y taxes or any class of taxes or
of any installment thereof.
That taxes shall be payable to the Corporation of the Municipality of
Kincardine and can be paid to the Treasurer at the Municipal
offices, by pre-authorized payment, at any financial institution in
Canada which accepts such payments or in any other manner or
location approved by Council.
9) That this by-law shall come into full force upon its final passage and
may be cited as the "2005 Interim Taxation By-law".
READ a FIRST, SECOND, and THIRD time and FINALLY PASSED this 26h
day of January, 2005. .
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