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unofficial consolidation, the official version is held by the municipal clerk.
THE CORPORATION OF THE MUNICIPALITY OF MAGNETAWAN
BY-LAW NO. 2026
Being a By-law to provide for an interim tax levy in 2026
WHEREAS Section 317 (1) of the Municipal Act, 2001, S.O 2001, C.25, as amended, provides
that a local municipality, before the adoption of the estimates for the year, may pass a By-law
levying amounts on the assessment of property in the local municipality rate able for local
municipality purposes;
NOW THEREFORE, the Council of the Corporation of the Municipality of Magnetawan hereby
enacts as follows:
1. Map Divisions 010, 030, and 040
The following interim tax rates are imposed and levied on the whole of the assessment for real
property in these classes according to the 2026 revised assessment roll:
Residential Class
0.005020265
Farm and Managed Forest Classes
0.001255065
Commercial Occupied Class
0.008443965
Commercial Vacant Class
0.00697515
Commercial New Construction
0.008443965
Industrial Occupied Class
0.00908051
Industrial Vacant Class
0.00744233
Landfill Assessment
0.03251504
Aggregate Extraction
0.00636356
2. Map Division 020
The following interim tax rates are imposed and levied on the whole of the assessment for real
property in these classes according to the 2026 revised assessment roll:
Residential Class
Multi-Residential
Farm Class
Commercial Occupied Class
Commercial Vacant Class
Commercial New Construction
0.00562782
0.01049064
0.001406955
0.00914301
0.00746448
0.00914301
3. Installment Dates
The interim tax levy shall become due and payable in TWO (2) installments as follows:
March 24, 2026
Fifty per cent (50%) of the interim levy
June 24, 2026
Balance remaining
Non-payment of the amount on the dates stated in accordance with this section shall constitute a
default.
4. Penalties and Interest
A penalty charge shall be imposed on overdue taxes at the rate of 1.25% per month (15% per
annum) to be effective on the first day of each calendar month thereafter in which default continues,
on all unpaid installments of taxes.
Interest charges at the rate of 1.25% per month (15% per annum) shall be payable on the unpaid
taxes after the first year.
5. Notice of Interim Levy
The Treasurer may mail or cause to be mailed to the residence or place of business of such person
indicated on the last revised assessment roll, a written or printed notice specifying the amount of
taxes payable.
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6. Place of Payment
Taxes are payable at the Municipality of Magnetawan Municipal Office, Magnetawan, Ontario and
payable in Canadian Funds.
READ A FIRST, SECOND, AND THIRD TIME, passed, signed and the Seal of the
Corporation affixed hereto, this 21st day of January 2026
THE CORPORATION OF THE
MUNICIPALITY OF MAGNETAWAN
Mayor
CAO/Clerk
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