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1
Installment Billing Policy
1.0
Purpose
It is the policy of the Town of Mahone Bay to invoice Property Taxes in two instalments
each fiscal year.
2.0
Authority
Municipal Government Act Part 111 - Powers - Section: 48(3)
3.0
Installment Billing Terms
3.1
Each fiscal year, an amount of one half of the previous year's tax rate will be
charged against the current assessment of a property along with one half of the
infrastructure charge and both shall be due and payable the last business day in
May.
3.2
The rates and taxes levied against the property for the current year, less the
payment made under section 3.1 shall be due and payable on a date determined
by Council by resolution.
Clerk's Annotation for Official Policy Book
Date of notice to Council Members of Intent to Consider
[minimum 7 days notice]
November 28, 2013
Date of Passage of Policy
December 10, 2013
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Town Clerk
Date