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Snapshot 8d53e621c543 · verified 2026-10-19 ·
original document ·
archived snapshot ·
unofficial consolidation, the official version is held by the municipal clerk.
THE CORPORATION OF THE TOWN OF BANCROFT
BY-LAW 01-2026
Being a By-Law to provide for an Interim Levy for all Tax Classes,
prior to the adoption of estimates for the year.
WHEREAS the Ontario Municipal Act, 2001, S.O. 2001, c.25 Section. 317 (1), as
amended, provides that the Council of a local municipality, before the adoption of the
estimates for the year under Section 290, may pass a by-law levying amounts on the
assessment of property in the local municipality for local municipality purposes;
AND WHEREAS it is necessary to proceed with such an interim levy to allow for
appropriate cash flow to complete municipal business.
NOW THEREFORE BE IT RESOLVED THAT the Council of the Corporation of the
Town of Bancroft does hereby enact as follows:
1. THAT the Treasurer is hereby authorized to adjust the interim levy calculations
such that the amount levied on a property does not significantly exceed 50%
of the total amount of taxes levied in 2025.
2. THAT the interim levy for all classes shall be divided into two equal
installments and due as follows:
- First Installment
March 11, 2026
- Second Installment
May 13, 2026
3. THAT the Treasurer, and their designate, is hereby authorized to finalize such
calculations and make such adjustments as are necessary to complete the
interim tax levy in a timely manner.
4. THAT the Treasurer, and their designate, is hereby authorized to mail or cause
to be mailed the notice of taxes due to the current address on file of the
properties indicated on the aforementioned assessment roll.
5. THAT all current tax collection policies and procedures related to penalty and
interest charges shall remain in full force and effect.
6. THAT the Mayor and Acting Clerk be and are hereby authorized to sign this
By-Law and affix the corporate seal thereto.
READ a first, second and third time and finally passed, signed, sealed and numbered
By-Law 01-2026, on this 13th day of January 2026.
PAUL JENKINS, MAYOR
MICHELLE MANTIFEL, ACTING CLERK
Original Signed Copy on File
Original Signed Copy on File