By-law 26-2272 - 2026 Tax Rate By-law (levy rates, penalty and interest)

Macdonald, Meredith and Aberdeen Additional, Ontario · No. 26-2272 · adopted 2026-06-16 · summary & facts

This is the exact embedded text of the captured official document. Snapshot 426f52b62871 · verified 2026-10-26 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

THE CORPORATION OF THE TOWNSHIP OF MACDONALD, MEREDITH & ABERDEEN ADDITIONAL BY-LAW #26-2272 Being a by-law to set and levy tax rates and to further provide for penalty and interest in default of payment thereof for 2026. WHEREAS Section 312 of The Municipal Act 2001, as amended, provides that the Council of a local municipality shall pass a by-law to levy a separate tax rate on the assessment in each property class, and; WHEREAS Section 307 and 308 of the said Act require tax rates to be established in the same proportion to tax ratios, and; WHEREAS the sum required for general municipal expenses purposes is estimated at $2,495,000.00. WHEREAS certain education rates are provided in various regulations, and commercial and industrial education amounts have been requisitioned by the Province, NOW THEREFORE the Council of the Corporation of the Township of Macdonald, Meredith & Aberdeen Additional enacts as follows: 1. The estimate of $2,495,000.00 for general municipal purposes falling due within the year 2026 is hereby adopted. 2. That the tax rates for 2026 for municipal and education purposes be hereby set as follows, Class Municipal Rate Education Rate Total Rate Residential 0.01492084 0.00153000 0.01645084 New Multi-Residential 0.01492084 0.00153000 0.01645084 Multi-Residentiat 0.01884204 0.00153000 0.02037204 Commercial Occupied 0.01752751 0.00880000 0.02632751 Commercial Vacant/Excess Land 0.01226926 0.00880000 0.02 106926 Industrial Occupied 0.01641292 0.00880000 0.02521292 Industrial Vacant/Excess Land 0.01066840 0.00880000 0.01946840 Landfill 0.01730246 0.00880000 0.02610246 Pipelines 0.01468957 0.00880000 0.02348957 Farm 0.00373021 0.09038250 0.00411271 Managed Forest 0.00373021 0.00038250 0.00411271 Aggregate Extraction 0.01641292 0.00511000 0.02 152292 WT 51.76 ac 75,66 42,49 118.15 3. THAT all taxes shall become due and payable in 2 installments as follows: 50% of the final levy shall become due and payable on the 17" day of August 2026; AND THAT 50% of the final levy shall become due and payable on the 15" day of October 2026. 4. On all taxes of the levy, which are in default a penalty of 1.25 per cent shall be added and thereafter a penalty of 1.25 per cent per month will be added on the first day of each and every month the default continues, until December 31°, 2025. 5. On all taxes in default on January 1*', 2027, interest shall be added at the rate of 1.25 per cent per month for each month or fraction thereof in which the default continues. 6. Penalties and interest added in default shall become due and payable and shall be collected as if the same had originally been imposed and formed part of such unpaid tax levy. 7. THAT taxes are payable to the Township of Macdonald, Meredith & Aberdeen Additional, at the Municipal Office 208 Church St., Echo Bay, ON POS 1C0. READ a first and second time this 16" day of June 2026. READ a third and final time and passed in open Council this 16" day of June 2026. ‘a = CAO/CLERK