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The Corporation of the
Municipality of Killarney
BY-LAW NO. 2026-21
BEING A BY-LAW TO IMPOSE, LEVY AND COLLECT MUNICIPAL
AND SCHOOL TAXES TO MEET THE ESTIMATES FOR
THE YEAR 2026 FOR THE MUNICIPALITY OF KILLARNEY
WHEREAS Section 307 of the Municipal Act, S.O. 2001 Chapter 25, as amended
provides that Councils shall levy on the whole of the assessment for real property
according to the last revised assessment roll, a sum equal to the aggregate of the sums
adopted under Section 290 of the same Act,
General Municipal Purposes (based on assessment)
$ 3,328,861.18
General Municipal Purposes (based on acreage)
$ 24,378.20
School Purposes (based on assessment)
$ 464,492.52
School Purposes (based on acreage)
$ 9,416.63
TOTAL
$ 3,827,148.53
AND WHEREAS all real property assessment rolls made for the year 2026 on which the
2026 taxes are to be levied have been returned by the Municipal Property Assessment
Corporation (MPAC).
NOW THEREFORE, THE COUNCIL OF THE CORPORATION OF THE
MUNICIPALITY OF KILLARNEY ENACTS AS FOLLOWS:
1.
There shall be levied and collected upon all rateable land and building assessment
of the Municipality of Killarney, the following rates of taxation:
Residential
(RT/RP/RG)
Commercial
Occupied/Vacant/
Excess
(CP/CT/CG/CU/CX)
Commercial
Occupied
(CF)
Farm
(FT)
Industrial
Occupied/
Vacant
(IP/IX/IT)
GENERAL
MUNICIPAL
ASSESSMENT
$ 205,483,179
$ 76,309,321
$ 1,723,100
$ 0
$ 923,000
TAX RATE
LOW BAND
0.00963683
0.01230956
0.01230956
0.00240921
0.01444865
TAX RATE
HIGH BAND
N/A
0.02051594
0.02051594
N/A
N/A
TAXATION
$ 1,980,206.46
$ 1,312,883.01
$ 21,210.60
$ 0.00
$ 13,336.10
SCHOOL
ASSESSMENT
$ 203,397,179
$ 23,730,721
$ 1,723,100
$ 0
$ 923,000
TAX RATE
LOW BAND
0.00153000
0.00485852
0.00568568
0.00038250
0.00880000
TAX RATE
HIGH BAND
N/A
0.00809753
0.00947614
N/A
N/A
TAXATION
$ 311,197.68
$ 134,925.62
$ 9,797.00
$ 0.00
$ 8,122.40
BY-LAW NO 2026-21
-2 -
Managed Forest
(TT)
Railway
Landfill
(HF/HP)
Aggregate
Extraction (VT)
GENERAL
MUNICIPAL
ASSESSEMENT
$ 38,700
22,162 acres
$44,400
$ 54,400
TAX RATE
LOW BAND
0.00240921
1.100000000
0.01108535
0.01175696
TAX RATE
HIGH BAND
N/A
N/A
N/A
N/A
TAXATION
$ 93.24
$ 24,378.20
$ 492.19
$ 639.58
SCHOOL
ASSESSMENT
$ 38,700
22,162 acres
$ 44,400
$ 54,400
TAX RATE
LOW BAND
0.00038250
0.4249000
0.00353645
0.00511000
TAX RATE
BAND
N/A
N/A
N/A
N/A
TAXATION
$ 14.81
$ 9,416.63
$ 157.02
$ 277.99
COMMERCIAL
OCCUPIED/
EXCESS/VACANT
ASSESSMENT
GENERAL
MUNICIPAL
SCHOOL
TOTAL
GENERAL
MUNICIPAL AND
SCHOOL
Low Band
(CP/CT/CU/CX)
$ 17,670,400
$ 217,514.85
$ 85,851.99
$ 302,221.09
High Band
(CP/CT/CU/CX)
$ 6,060,321
$ 124,333.18
$ 49,073.63
$ 173,406.81
Low Band (CG)
$ 13,119,600
$ 161,496.50
N/A
$ 161,496.50
High Band (CG)
$ 39,459,000
$ 809,538.48
N/A
$ 809,538.48
TOTAL
$ 76,309,321
$ 1,312,883.01
$ 134,925.62
$ 1,446,662.88
ASSESSMENT:
GENERAL MUNICIPAL
SCHOOL
Residential
$ 205,483,179
$ 203,397,179
Farm
$ 0
$ 0
Commercial
Occupied/Vacant/Excess
$ 76,309,321
$ 23,730,721
Commercial Occupied (CF only)
$ 1,723,100
$ 1,723,100
Managed Forest
$ 38,700
$ 38,700
Industrial Occupied
$ 923,000
$ 923,000
Aggregate Extraction
$ 54,400
$ 54,400
Landfill
$ 44,400
$ 44,400
Railway Right of Way
22,162 Acres
22,162 Acres
Total
$ 284,576,100
$ 229,911,500
BY-LAW NO. 2026-21
- 3 -
CLASSIFICATION:
RESIDENTIAL:
TAX RATES
GENERAL MUNICIPAL
0.00963683
SCHOOL
0.00153000
TOTAL CONSOLIDATED
RESIDENTIAL/FARM RATE
0.01116683
FARM:
TAX RATES
GENERAL MUNICIPAL
0.00240921
SCHOOL
0.00038250
TOTAL CONSOLIDATED
RESIDENTIAL/FARM RATE
0.00279171
COMMERCIAL OCCUPIED:
COMMERCIAL VACANT/EXCESS
UNITS:
TAX RATES
Low Band
Less than or equal to 4,000,000
GENERAL MUNICIPAL
0.01230956
SCHOOL
0.00485852
TOTAL CONSOLIDATED
COMMERCIAL OCCUPIED RATE
0.01716808
COMMERCIAL OCCUPIED:
COMMERCIAL VACANT/EXCESS
UNITS:
TAX RATES
High Band
Greater than 4,000,000
GENERAL MUNICIPAL
0.02051594
SCHOOL
0.00809753
TOTAL CONSOLIDATED
COMMERCIAL OCCUPIED RATE
0.02861347
COMMERCIAL OCCUPIED (CF only):
TAX RATES
Low Band
Less than or equal to 4,000,000
GENERAL MUNICIPAL
0.01230956
SCHOOL
0.00568568
TOTAL CONSOLIDATED
COMMERCIAL OCCUPIED RATE
0.01799524
BY-LAW NO. 2026-21
- 4 -
COMMERCIAL OCCUPIED (CF only):
TAX RATES
High Band
Greater than 4,000,000
GENERAL MUNICIPAL
0.02051594
SCHOOL
0.00809753
TOTAL CONSOLIDATED
COMMERCIAL OCCUPIED RATE
0.02861347
MANAGED FORESTS:
TAX RATES
GENERAL MUNICIPAL
0.00240921
SCHOOL
0.00038250
TOTAL CONSOLIDATED
RESIDENTIAL/FARM RATE
0.00279171
INDUSTRIAL OCCUPIED:
TAX RATES
GENERAL MUNICIPAL
0.01444865
SCHOOL
0.00880000
TOTAL CONSOLIDATED
INDUSTRIAL OCCUPIED RATE
0.02324865
AGGREGATE EXTRACTION:
TAX RATES
GENERAL MUNICIPAL
0.01175696
SCHOOL
0.00511000
TOTAL CONSOLIDATED
AGGREGATE EXTRACTION RATE
0.01686696
LANDFILL:
TAX RATES
GENERAL MUNICIPAL
0.01108535
SCHOOL
0.00353645
TOTAL CONSOLIDATED
LANDFILL RATE
0.01462181
RAILWAY:
RATE PER ACRE
GENERAL MUNICIPAL
1.10000000
SCHOOL
0.42490000
TOTAL CONSOLIDATED
RAILWAY
1.52490000
BY-LAW NO. 2026-21
- 5 -
COMPUTATION OF TAXATION
General Municipal Purposes
(based on assessment)
$ 3,328,861.18
General Municipal Purposes
(based on acreage)
$ 24,378.20
School Purposes (based on assessment)
$ 464,492.52
School Purposes (based on acreage)
$ 9,416.63
TOTAL
$ 3,827,148.53
Whereas subsections 314(1) and 314(3) of the Municipal Act, 2001, Chapter 25, S.O. 2001,
as amended, provide that the Municipality may establish two or three bands of assessment
of property for the purpose of facilitating graduated tax rates for the commercial property
class and set ratios that the tax rates for each band must bear to each other; and
Whereas subsection 314(4) of the Act provides that, instead of setting a single tax rate
under section 312 for a property class for which bands are established, the Municipality
shall set a separate tax rate for each band, and subsection 314(6) of the Act provides that
the taxes for municipal purposes on a property shall be determined by applying the tax rate
for each band to the portion of the assessment of the property within that band;
Therefore, the Municipality of Killarney enacts the following:
There shall be two bands of assessment for the Commercial property class as set out below
in Column I, with portions of assessed values for each such band as set out below in
Column II, and ratios consisting of the tax rate of one band as it relates to the tax rate of
the other band as set out below in Column III:
Column I
Column II
Column III
(Band )
(Portion of assessed value)
(Ratios)
Band 1
Less than or equal to
$4,000,000
0.6000
Band 2
Greater than $4,000,000
1.0000
And whereas Section 315 (1) of the Municipal Act, 2001, Chapter 25, S.O. 2001, as
amended, provides that every municipality shall impose taxes, in accordance with the
regulations, on the roadway or right of way of a railway company.
2.
The amounts required to be levied and collected by this by-law shall be reduced by
the amounts levied and collected by the interim tax levy as authorized by By-law
No. 2026-01 of the Corporation of the Municipality of Killarney.
3.
Real property taxes imposed pursuant to the provisions of this By-law shall become
due and payable in two equal, or approximately equal instalments on July 2nd , 2026
and September 1st, 2026.
4.
The Clerk-Treasurer for the Corporation of the Municipality of Killarney shall mail
or cause to be mailed to the address of the residence of each property or person, a
notice specifying the amount of taxes payable by such persons pursuant to the
provisions of this by-law.
5.
The taxes payable pursuant to this By-law shall be paid into the office of the
Clerk-Treasurer for the Corporation of the Municipality of Killarney on or before
the respective dates hereinbefore set forth.
6.
The Clerk-Treasurer is hereby authorized to accept part payment from time to
time, on account of any taxes which have become due pursuant to this by-law.
7.
In default of payment of the full amount of any taxes by the respective due
date(s), a percentage charge of 1.25% per month shall be levied on unpaid taxes
in the manner established by Section 345 of the Municipal Act.
BY-LAW NO. 2026-21
- 6 -
8.
The estimated Revenues and Expenditures for the year 2026 are attached hereto
and identified as Schedule "A" to this by-law.
9.
That this by-law shall come into force and take effect on the date of the final
reading thereof.
READ A FIRST TIME, CONSIDERED READ A SECOND AND THIRD TIME AND
FINALLY PASSED THIS 28th DAY OF APRIL, 2026.
ORIGINAL DOCUMENT SIGNED
_________________________________
Michael Reider, Mayor
ORIGINAL DOCUMENT SIGNED
_________________________________
Candy Beauvais, Clerk-Treasurer
By signing this By-law on April 28th , 2026, Mayor Michael Reider will not
exercise Strong Mayor Powers to veto this By-law.
THE CORPORATION
OF THE
MUNICIPALITY OF KILLARNEY
Schedule "A"
to
By-Law No. 2026-21
2026
S U M M A R Y O F R E V E N U E S
General Municipal Taxation
$ 3,304,482.00
General Municipal Taxation (acreage)
$ 24,378.00
Ontario Unconditional Grants
$ 610,000.00
Ontario Specific Grants
$ 2,387,860.00
Canada Specific Grants
$ 1,307,090.00
Rents, Fees, User Charges, Donations, etc.
$ 394,555.00
Garbage Collection Charge
$ 5,300.00
Miscellaneous Grants & Revenues
$ 81,300.00
Sub-Total
$ 8,114,965.00
Transfer from Own Funds/Deferred Revenues
$ 600,640.00
Sub-Total
$ 8,715,605.00
Surplus from Previous Year
$ 25,000.00
Transfer from Working Funds
$ 528,000.00
Temporary Financing
$ 664,050.00
Total Municipal Revenue
$ 9,932,655.00
2026
S T A T E M E N T O F E X P E N D I T U R E S
General Government
$ 1,652,525.00
Protection to Persons & Property
$ 609,790.00
Transportation Services
$ 5,389,510.00
Environmental Services
$ 915,945.00
Health Services
$ 656,580.00
Social & Family Services
$ 279,145.00
Recreation & Cultural Services
$ 329,860.00
Planning & Economic Development
$ 99,300.00
Total Municipal Expenditures
$ 9,932,655.00
Note: Water & Sewer revenues and expenditures are not included in above figures as they are separate billings,
independent of taxes.