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THE CORPORATION OF THE MUNICIPALITY OF MAGNETAWAN
BY-LAW NO. 2026 -6
Being a By-law to set tax ratios for municipal purposes and levy the rates of taxation for
the year 2026
WHEREAS Section 308 (4) of the Municipal Act, 2001, S.O 2001, C.25, as amended, provides
that a single-tier municipality shall pass a by-law in each year to establish the tax ratios for that
year for the municipality.
AND WHEREAS it is necessary for the Council of the Municipality of Magnetawan pursuant to
the Municipal Act, 2001, S.O. , c.25, as, amended, to raise certain sums for the 2026 taxation
year.
AND WHEREAS all property assessment rolls on which the 2026 taxes are to be levied have
been returned and revised pursuant to the provision of the Assessment Act subject to appeals at
present before the District Court and the Ontario Municipal Board;
AND
WHEREAS
"Residential
Assessment",
"Commercial
Assessment",
"Industrial
Assessment",
"Landfill
Assessment",
"Farmland
Assessment"
and
"Managed
Forest
Assessment", as defined in the Assessment Act as amended by the Fair Municipal Finance Act,
1997 and further amended by Regulations, have been determined on the basis of the property
assessment rolls;
AND WHEREAS the tax rates on the aforementioned property classes and property sub-classes
have been calculated pursuant to the provisions of the Municipal Act, 2001,S.O. c.25, as
amended and in the manner outlined;
NOW THEREFORE the Council of the Corporation of the Municipality of Magnetawan hereby
enacts as follows:
1.
THAT the following tax ratios shall apply for the taxation year 2026:
Residential property class
1.000000
Multi-residential property class
2.000000
Commercial occupied property class
1.150588
Commercial vacant units property class
0.805412
Industrial occupied property class
1.099934
Industrial vacant units property class
0.714957
Landfill class
6.607119
Farm property class
0.250000
Managed forest property class
0.250000
Aggregate Extraction
0.895023
2.
THAT for the purpose of this By-law, the commercial property class includes all
commercial office property, shopping centre property, and parking lot property, and the
industrial property class includes all large industrial property.
3.
THAT the 2026 current municipal budget be adopted in the following amounts:
1
Expenditures
Municipal
$ 16,542,291
Public/Separate
Education
$ 1,163,440
TOTAL:
$17,705,731
Revenue
$ 9,815,330
Taxation
General Portion
$ 6,726,961
Taxation
TOTAL:
School Portion
$ 1,163,440
$17,705,731
2)
THAT for the year 2026, the Municipality of Magnetawan shall levy the following rates of
taxation per current value assessment:
MAP DIVISION 010, 030, 040 (former Chapman, Croft, Spence):
Residential/Farm Assessment:
Education
0.00153000
General
0.00893939
TOTAL:
0.01046939
Commercial Assessment Occupied:
Education
0.00709582
General
0.01028555
TOTAL:
0.01738137
Commercial Assessment Vacant:
Education
General
TOTAL:
0.00709582
0.00719989
0.01429571
Commercial Assessment Excess Land
Education
General
TOTAL:
0.00709582
0.00719989
0.01429571
Industrial Assessment Occupied:
Education
General
TOTAL:
0.00880000
0.00983274
0.01863274
Industrial Assessment Vacant:
Education
General
TOTAL:
0.00880000
0.00639128
0.01519128
Landfill Assessment:
Education
General
TOTAL:
0.00880000
0.05906361
0.06786361
Farmland Assessment:
Education
General
TOTAL:
0.00038250
0.00223485
0.002731
Managed Forest Assessment:
Education
General
TOTAL:
0.00038250
0.00223485
0.00261735
Aggregate Extraction:
Education
0.00511000
General
0.00800096
TOTAL:
0.01311096
MAP DIVISION 020 (Village of Magnetawan):
Residential/Farm Assessment:
Education
0.00153000
General
0.00893939
Special Area Rate
0.00121511
TOTAL:
0.0116845
Multi Residential Assessment:
Commercial Assessment Occupied
Education
0.00153000
General
0.01787878
Special Area Rate
0.00243022
TOTAL:
0.021839
Education
0.00709582
General
0.01028555
Special Area Rate
0.00139809
TOTAL:
0.01877946
2
Commercial Assessment Vacant
Commercial Assessment Excess Land
Education
0.00709582
General
0.00719989
Special Area Rate
0.00097866
TOTAL:
0.01527437
Education
0.00709582
General
0.00719989
Special Area Rate
0.00097866
TOTAL
0.01527437
Farmland Assessment
Education
General
Special Area Rate
TOTAL:
0.00038250
0.00223485
0.00030378
0.00292113
Note: Special Area Costs for Map Division 020 consist of Garbage Collection
and Recycling Pick-Up.
3)
THAT the real property taxes imposed pursuant to the provision of this by-law shall become due
and payable on September 24, 2026 and November 24, 2026.
A penalty shall be charged as follows: 1.25% on the first day of default plus an additional
1.25% on the first day of every calendar month thereafter in which the taxes remain unpaid.
4)
THAT the Treasurer/Tax Collector of the Corporation of the Municipality of Magnetawan shall
mail or cause to be mailed to the address of the residence or place of business of each property or
person a notice specifying the amount of taxes payable by such person(s) pursuant to the
provisions of the by-law.
5)
THAT the Treasurer/Tax Collector 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.
For payments in lieu of taxes due to the Municipality of Magnetawan under the Municipal Act,
2001, S.O., c.25, as amended, the actual amount due to the Municipality of Magnetawan will be
based on the assessment rolls and the municipal rates of taxation for the year 2026.
6)
THAT the 2026 municipal budget outlined on the attached Appendix 'A' be and is hereby
adopted and forming part of this by-law.
7)
THAT this by-law takes effect on the date adopted.
READ A FIRST, SECOND, AND THIRD TIME, passed, signed and the Seal of the
Corporation affixed hereto, this 15th day of April, 2026.
THE CORPORATION OF THE
MUNICIPALITY OF MAGNETAWAN
Mayor
CAO/Clerk, Kerstin vroom
3