1994-029 To Provide for the Annual Interim Tax Levy, Penalty for Non-Payment of Taxes or Installment during the current Taxation Year 1994 and Interest on Tax Arrears in Subsequent Years
CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
BY-LAW NO. 94-29
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Being a By-Law of the Corporation of the Township of Oro-Medonte to
Provide for the Annual Interim Tax Levy, Penalty for Non-Payment of
Taxes or Instalment during the Current Taxation Year 1994 and
Interest on Tax Arrears in subsequent Years.
WHEREAS annually, Council levies taxes for all purposes after the
approval and adoption of estimates for the current year;
AND WHEREAS, the Municipal Act authorizes council before the
approval and adoption of estimates for the current year to levy an
annual interim tax levy on the whole of the assessment for real
property and business assessment according to the latest updated
assessment information;
AND WHEREAS, the Municipal Act authorizes council to provide for
the imposition of a penalty for non-payment of taxes or any
instalment thereof after the due date;
AND WHEREAS, the Municipal Act authorizes Council to provide for
interest to be added to the amount of all taxes due and unpaid from
December 31st, in the current year until such arrears are paid;
AND WHEREAS, it is deemed convenient to provide for the payment of
taxes at financial institutions;
NOW THEREFORE, the Council of The Corporation of the Township of
Oro-Medonte hereby enacts as follows:
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1. That there shall be levied on the whole of the assessment for
real property according to the last revised assessment roll a
sum equal to approximately fifty per cent (50%) of that which
would be produced by applying to such assessment the total
rate for all purposes levied in the preceding year on
Residential real property of Public school supporters;
That there shall be levied on the whole of the business
assessment according to the last revised assessment roll a sum
not exceeding fifty percent (50%) of that which would be
produced by applying to such assessment the total rate for all
purposes levied in the preceding year on business assessment
of Public School supporters;
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That such interim taxes shall become due and payable in two
instalments on or before March 15th and April 27th of the
current year;
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4.
That there shall be imposed as penalty, for non-payment of
taxes or any instalments thereof after the due dates of, a
charge of 1.25 percent to the amount of taxes due and unpaid
on the first day of each calendar month thereafter in which
default continues but not after December 31st, in the current
year;
5. That there shall be added an interest charge of 1.25 percent
per month to the amount of all taxes due and unpaid on the
first day of each calendar month thereafter, for each month or
fraction thereof from December 31st, in the current year until
all taxes are paid.
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6. That such interim taxes may be paid either in full or by
instalments for remittance purposes to the credit of the
Treasurer of the Corporation of the Township of Oro-Medonte at
designated Branches of the Toronto-Dominion Bank, which
accepts and processes payments on behalf of customers with the
onus on the financial institution to remit payments on time,
on or before the day on which such payments fall due, but
after the due date of any such interim taxes or instalment,
thereof, no payment of any such interim taxes or instalments
thereof shall be paid at any such financial institution;
7. That all taxes or any instalments thereof shall be paid into
the office of the Treasurer;
8. That the Treasurer shall be authorized and directed to collect
any penalty or interest or any other charge in the same manner
as empowered to collect all taxes levied by Council;
9. That the Treasurer shall be authorized to accept part payment
from time to time on account of any taxes due and to give a
receipt for such part payment provided that acceptance of any
such part payment does not affect the collection of any other
charges imposed and collectable in respect of non-payment of
any taxes or instalments thereof or any other charges;
10. That the Treasurer shall mail or cause to be mailed, the
notice of such interim taxes due to the address of the
residence or place of business of the person or persons to
whom such notice is required to be given as shown on the
latest updates assessment information;
11. That this By-Law shall come into force and take effect on and
from the date of the final passing thereof of the current
year.
BY-LAW READ A FIRST AND SECOND TIME THIS lOth DAY OF JANUARY, 1994
BY-LAW READ A THIRD TIME AND FINALLY PASSED THIS lOth DAY OF
JANUARY, 1994
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
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MAYOR~OBERT E. DRURY
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~ERK DARLENE SHOEBRIDGE d