By-law 01-2026 - Interim Tax Levy for 2026 and Penalty and Interest of 15% per annum

Norwich, Ontario · No. 01-2026 · adopted 2026-01-13 · summary & facts

This is the exact embedded text of the captured official document. Snapshot 0b13c630caf9 · verified 2026-10-23 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

The Corporation of the Township of Norwich By-Law Number 01-2026 A By-Law to provide for the levying of an interim tax levy for the year 2026 and to provide for penalty and interest of 15 % per annum Whereas The Municipal Act 2001, S.O. 2001 , as amended, Chapter 25, Section 317(1 ), (2) and (3), provides that the Council of a local municipality may, before the adoption of the estimates for the year, pass a by-law to levy a separate tax rate on the assessment in each property tax class in the local municipality and that the said rate must not raise more than 50% of the total amount raised for all purposes in the previous year, by the levying of those tax rates on all the properties that, in the current year, are in the property class; Now Therefore the Council of the Corporation of the Township of Norwich hereby enacts as follows: 1. Interim tax rates, as set forth in Schedule "A" which is attached hereto and is declared to be included and form part of the By-law, are hereby imposed and levied on the 2025 assessment in each property tax class. 2. The interim levy of current taxes shall be payable in two installments as follows: February 24, 2026 May 26, 2026 3. The interim levy of current taxes shall become due and payable on the due date as stated in Section 2 of the by-law. Upon default of any payment, a penalty of 1.25 % shall be added on the first day of each calendar month thereafter in which the default occurs. 4. That this By-law shall be effective January 1, 2026. Read a first, second and third time and finally passed this 13th day of January 2026. Mayori Jim Palmer Cl Ki The Corporation of the Township of Norwich By-Law Number 01-2026 Schedule "A" Tax 2025 Overall 2026 Interim Property Class Class Tax Rate Tax Rate (50%) Residential/Farm RT 0.01331253 0.00665627 Multi-Residential MT 0.02509507 0.01254754 Commercial (occupied) CT 0.03120801 0.01560401 Commercial Vacant Units/Excess Land cu 0.02448561 0.01224281 Commercial Vacant Land ex 0.02448561 0.01224281 Commercial Small Scale on Farm Bus C7 0.02460801 0.01230401 Commercial Small Scale of Farm Bus co 0.02460801 0.01230401 Parking Lot GT 0.03120801 0.01560401 Industrial (occupied) IT 0.03978807 0.01989404 Industrial Vacant Units/Excess Land IU 0.02894224 0.01447112 Industrial Vacant Land IX 0.02894224 0.01447112 Industrial Small Scale on Farm Bus 17 0.03318807 0.01659404 Pipelines PT 0.02363775 0.01181888 Farmlands FT 0.00294755 0.00147378 ManaQed Forests TT 0.00332814 0.00166407 AQQreQate Extraction VT 0.03032519 0.01516260