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THE CORPORATION OF THE TOWN OF BANCROFT
BY-LAW 28-2026
Page 1 of 4
THE CORPORATION OF THE TOWN OF BANCROFT
BY-LAW NO. 28-2026
Being a By-Law to adopt the estimates of all sums required
during the year for the purposes of the Municipality and to
provide for the adoption of Tax Rates for 2026
WHEREAS pursuant to Section 290 of the Municipal Act, S.O. 2001, as amended,
provides that the Council of a local municipality, shall in each year prepare and adopt
estimates of the sums it requires during the year for the purposes of the municipality
including amounts sufficient to pay all debts of the municipality falling due within the
year, and amounts required for any board, commission or other body; and
AND WHEREAS the Council of the Corporation of the Town of Bancroft has passed
By-law Number 01-2026 to adopt the interim estimates for the sums required to be
levied by taxation during the year 2026 for the purposes of the Town of Bancroft; and
AND WHEREAS Section 307 of the Municipal Act, S.O. 2001, c.25 as amended,
provides that all taxes shall unless expressly provided otherwise, be levied upon the
whole of the assessment for real property or other assessments made under the
Assessment Act accordingly to the amounts assessed and not upon one or more
kinds of property or assessment or in different proportions, and in such tax ratios as
established for each property class, and taxes imposed for a year shall be deemed to
have been imposed and be due on the dates as specified by By-law; and
AND WHEREAS Section 312(2) of the Municipal Act, S.O. 2001, c.25 as amended,
the sums required to be levied by taxation for general local municipality levies are to
be levied by separate tax rates on the assessment in each property class for general
local municipality rateable for local municipality; and
AND WHEREAS Section 312(4) of the Municipal Act, 2001, as amended, the sums
required to be levied by taxation for special local municipality levies are to be levied
by separate tax rates on all or part of the assessment in each property class in the
local municipality rateable for local municipality purposes; and
AND WHEREAS Section 342(1)(a) of the Municipal Act, S.O. 2001, c.25, as
amended, provides that a local municipality may pass by-laws providing for the
payment of taxes in one amount or by installments and the date or dates in the year
for which the taxes are imposed on which the taxes or installments are due; and
AND WHEREAS 343(4) of the Municipal Act, 2001 as amended, provides that a local
municipality may pass a by-law providing for the billing of a property class separately
from the other property classes; and
AND WHEREAS Section 345(1) of the Municipal Act, as amended, provides that a
local municipality may pass by-laws to impose late payment charges for the non-
payment of taxes or any installment by the due date; and
AND WHEREAS sub-sections 345(2) and (3) of the Municipal Act, 2001, as
amended, contains the following additional rules:
1. A percentage charge, not to exceed 1.25 per cent of the amount of taxes
due and unpaid may be imposed as a penalty for the non-payment of
taxes on the first day of default or such later date as the by-law specifies;
and
2. Interest charges, not to exceed 1.25 per cent each month of the amount
of taxes due and unpaid, may be imposed for the non-payment of taxes
in the manner specified in the by-law but interest may not start to accrue
before the first day of default.
THE CORPORATION OF THE TOWN OF BANCROFT
BY-LAW 28-2026
Page 2 of 4
AND WHEREAS under the provisions of Section 346(2) of the Municipal Act, S.O.
2001, c.25, as amended, a local municipality may pass a by-law to provide for the
payment of taxes by any person into a financial institution to the credit of the Treasurer
of the municipality and, in that case, the person making the payment shall be entitled
to be issued a receipt by the institution for the amount paid; and
AND WHEREAS Section 347 of the Municipal Act, 2001, as amended, sets out
procedures for allocation of payments.
AND WHEREAS the Council of the Corporation of the Town of Bancroft deems it
desirable to approve the final budget estimates for the year 2026 and to levy taxes
and charges for special services by installment and that persons assessed be able to
pay taxes through their financial institution either by instalment or through their
mortgage and/or to participate in a pre-authorized payment program.
NOW THERFORE BE IT RESOLVED THAT the Council of the Corporation of the
Town of Bancroft hereby enacts as follows:
1.
That the gross Municipal Budget for the year 2026 in the amount of
$11,587,914 is hereby deemed adopted.
2.
That the tax levy for municipal purposes be set at $7,520,763 for the year
2026.
3.
That payments-in-lieu (PIL) of taxes due to the Corporation of the Town of
Bancroft, the actual amount due and payable to the Corporation shall be
based on the assessment roll and the tax rates for the year 2026 in
accordance with the regulations.
4.
That the Municipal portion be levied at the rates established by Council as
outlined in Schedule "A" attached hereto and forming part of this by-law.
5.
The installments shall become payable on the following dates for the
following property classes:
a) The 2026 Final Taxes for all Property Classes, (total levy less
interim billing) shall be payable in two (2) installments of
approximately equal amounts on the following dates, namely:
Wednesday, August 12, 2026
Wednesday, October 14, 2026
(b) That alternative due dates be allowed under the provisions of a
pre-authorized payment plan approved by the Treasurer.
6.
That penalty charges (current year taxes due and unpaid) for non-payment
of taxes shall be added at the rate of 1.25 percent (1.25%) on the 1st day
of default, and on the 1st day of each calendar month thereafter in which
default continues.
7.
That interest charges (past year taxes due and unpaid) for non-payment of
taxes shall be added at the rate of 1.25 percent (1.25%) on the 1st day of
each calendar month of default. Penalties and interest added on all taxes
of the final levy in default shall become due and payable and shall be
collected forthwith as if the same had originally been imposed and formed
part of such unpaid final tax levy.
8.
That the Treasurer is hereby instructed to mail the "Tax Bills", to the
address of the residence or place of business of the person to whom such
notice is required to be given, as it appears in the last revised Assessment
Roll for the Town of Bancroft.
9.
That nothing herein shall prevent the Treasurer from proceeding at any
time with the collection of any rate, tax, special services charge,
assessment or any part thereof in accordance with the provisions of the
Statutes and By-laws governing the collection of taxes.
THE CORPORATION OF THE TOWN OF BANCROFT
BY-LAW 28-2026
Page 3 of 4
10. That, in accordance with Section 355 of the Municipal Act, S.O. 2001, c.25,
where the sum of the taxes for which any person is chargeable in any year
for municipal, school, local improvement and other purposes, upon any real
property assessed in one parcel to the same owner would according to the
assessment thereon be less than $5.00, the sum of such taxes shall be
deemed to be $0.00, and shall be so entered on the collector's roll, and the
difference between the sum that would have been entered but for this
section and the sum of $5.00 shall form part of the general funds of the
municipality.
11. That all taxes shall be paid to the office of the Treasurer and shall be
deposited in the proper bank account(s) of the Corporation of the Town of
Bancroft. Such payments may be made by cheque or money order; by
cash; by debit card; credit card; or by electronic transfer from a chartered
bank, trust company and/or credit union using the assessed person's
Property Roll Number.
12. Post-dated cheques, dated for the due dates, are accepted. Once
submitted, they cannot be returned for any reason (i.e., Bank account
changes, property sales, etc.). It is the responsibility of the property owner
to make arrangements with their financial institution to stop payment and
provide to the Town prior to the due date a replacement cheque, when
applicable, to avoid interest and penalty charges. In the event of a property
sale, it is the responsibility of the owner to make their solicitor aware of any
post-dated payments which may be on deposit with the Town at the time
of any statement of adjustment.
13. That the Treasurer is hereby authorized to establish a Pre-Authorized
Payment Plan related to payment of the current year taxes.
14. That this By-law shall come into force and effect upon the third and final
reading thereof.
Read a first, second and third time, and be finally passed, signed, sealed, and
numbered By-Law 28-2026, on this 14th day of April, 2026.
PAUL JENKINS, MAYOR
MICHELLE MANTIFEL, ACTING CLERK
Original Signed Copy on File
Original Signed Copy on File
THE CORPORATION OF THE TOWN OF BANCROFT
BY-LAW 28-2026
Page 4 of 4
THE CORPORATION OF THE TOWN OF BANCROFT
SCHEDULE "A" of BY-LAW 28-2026
2026 FINAL TAX RATES
Property Class Description
Realty Tax Class
Municipal Rate
Residential
RF, RG, RP, RT
.01662345
Multi-Residential
MT
.01662345
New Multi-Residential
NT
.01662345
Farm
FT
.00415586
Managed Forests
TT
.00415586
Commercial
CF, CG, CH, CT, CU, CW, CX
.01828579
Industrial
IH, IK, IT, IU, IX
.01828579
Landfill
HF
.01828579
Aggregate Extraction
VT
.01828579
Pipelines
PT
.01366281