1990-003 Oro
.' A
~
I
I
1
il
- ~ >.
"
THE CORPORATION OF THE TOWNSHIP OF ORO
BY-LAW NO. 90- 3
A By-Law of the Corporation of the Township of Oro to
Provide for the Annual Interim Tax Levy, Penalty for Non-
Payment of Taxes or Installment during the current Taxation
Year 1990 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 infor-
mation;
AND WHEREAS the Municipal Act authorizes Council to provide for the
imposition of a penalty for non-payment of taxes or any installment
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 31,
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
hereby enacts as follows:
1. That there shall be levied on the whole of the assessment for
real property and business assessment 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;
2. That such interim taxes shall become due and payable in one
installment on or before March 16, of the current year;
3. That there shall be imposed as a penalt~ for non-payment of taxes
or any installments thereof after the due date 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 31, in the current year;
4. 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 31, in the current year until all taxes are
paid.
5. That such interim taxes may be paid either in full or by install-
ments for remittance purposes to the credit of the Treasurer of
the Corporation of the Township of Oro at the Main Branches of
the Toronto-Dominion Bank, in Barrie and Oril1ia, 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
.. 1 t
II ~
I,j"..
1"0
I
II
II
Ii
II
II
II'
-
II
I
II
II
I
I
I
'"
\10
. ..
By-Law No. 90- 3
Page 2
any such interim taxes or installments thereof shall be paid
at any such financial institution;
6.
That all taxes or any installments thereof shall be paid
into the office of the Treasurer;
7.
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;
8.
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 installments thereof or any other charges;
9.
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 updated assessment
information;
10.
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.
READ A First and Second time this 2nd
day of January
, 1990.
READ A Third Time and Finally Passed this 2nd day of January, 1990
THE CORPORATION OF THE TOWNSHIP OF ORO
m t~.
R~ve, Robert E. Drury -
~-/ZP JLL/
Adminlstrator/Clerk, Robert W. Small