1995-025 To provide for the Annual Interim Tax Levy, Penalty for Non-Payment of Taxes or Installment during the Current Taxation Year 1995 and Interest on Tax arrears in Subsequent Years
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CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
BY-LAW NO. 95-25
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 Installment during the Current Taxation Year 1995 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:
1. That there shall be levied on the whole of the assessment for
real property according to the last revised assessment roll a
sum not exceeding 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;
2. 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;
3. That such interim taxes levied shall become due and payable in
two installments on or before March 15th and May 15th of the
current year;
4. That there shall be imposed as penalty, for non-payment of
taxes or any installments thereof after the due dates 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. The Treasurer is hereby authorized and directed to annually
establish and levy a rate to produce the corresponding amounts
provided for under clauses 1 and 2.
7. In default of payment of the first installment of taxes or any
part thereof by the day named for payment, the remaining
installment shall forthwith become due and payable.
8. That such interim taxes may be paid either in full or by
installments 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 installment,
thereof, no payment of any such interim taxes or installments
thereof shall be paid at any such financial institution;
9. That all taxes or any installments thereof shall be paid into
the Office of the Treasurer;
10. 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;
11. 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;
12. That the Treasurer shall mail or cause to be mailed, the
notice of such interim taxes levied 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 updated assessment information;
13. 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.
14. That By-Law 94-29 is hereby repealed effective
, 1995.
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BY-LAW READ A FIRST AND SECOND TIME THIS 15th DAY OF February
1995
,
BY-LAW READ A THIRD TIME AND FINALLY PASSED THIS15th DAY OF
February , 1995
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
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MAYOR IAN BE
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aGERK DARLENE SHOEBRIDGE d