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The Corporation of the City of Peterborough
By-Law Number 26-055
Being a By-law to levy and collect taxes for municipal, education and business
improvement area purposes for the year 2026, to impose a penalty charge for
non-payment of 2026 taxes, to provide for interest to be added to tax arrears
Whereas Section 290 of the Municipal Act, S. O. 2001, c.25 as amended (the "Act"),
provides for a local municipality in each year to prepare and adopt a budget including
estimates of all sums required during the year for the purposes of the municipality
including amounts sufficient to pay all debts of the municipality falling due within the
year, amounts required to be raised for sinking funds or retirement funds and amounts
required for any board, commission or other body;
And Whereas Subsection 312 (1) of the Act provides that the general local municipal
levy is the amount the local municipality decided to raise in its budget for the year under
Section 290 on all rateable property in the municipality;
And Whereas Subsection 312 (2) of the Act provides that for the purposes of raising
the general local municipal levy, a local municipality shall, each year, pass a by-law
levying a separate tax rate, as specified in the by-law, on the assessment in each
property class in the local municipality rateable for local municipality purposes;
And Whereas Subsection 312 (6) of the Act provides that the tax rates levied on the
different property classes must be in the same proportion to each other as the tax ratios
established for the property classes are to each other;
And Whereas Subsection 308 of the Act provides a set of tax ratios shall be
established;
And Whereas Subsection 313 of the Act provides that the local municipality shall
specify, through a by-law, the percentage reductions of the tax rates for municipal
purposes for subclasses of property classes prescribed by regulation where the
regulations require tax rates to be reduced by a percentage within a range described in
the regulations;
And Whereas Section 342 (1) of the Act stipulates municipalities may pass by-laws
providing for the payment of taxes in one amount or by instalments and the date or dates
in the year for which the taxes are due;
And Whereas Ontario Regulation 73/03 as amended by Ontario Regulation 62/17
prescribes the manner of determining taxes and requires any budgetary increase which
cannot be passed on to the Commercial, Industrial or Multi-Residential property classes
because the average tax ratio for the class or classes exceed prescribed thresholds to
become a special levy on other classes;
And Whereas through confirming By-law 25-176, being a by-law to confirm the
proceedings of Council at its meeting held December 8th, 2025, Council approved the
2026 operating budget;
And Whereas through By-law 26-055, being a by-law to establish property tax ratios for
prescribed property classes for 2026 taxation purposes;
By-law 26-055
Page 2
And Whereas paragraph 1 of Subsection 257.7 (1) of the Education Act, as amended,
requires every municipality in each year to levy and collect the tax rate prescribed by
the Minister of Finance for school purposes on residential property and business
property taxable for school purposes in the municipality according to the last returned
assessment roll;
And Whereas Section 257.7 (3) of the Education Act, as amended, provides that
Section 313 of the Act which provides for percentage reductions of tax rates for
subclasses of property classes, applies with necessary modifications with respect to the
rates levied under Section 257.7 (1) on land in a municipality;
And Whereas Ontario Regulation 400/98 prescribes the tax rates for school purposes
on residential and business property taxable in the City of Peterborough for the year
2026;
And Whereas Section 355 of the Municipal Act allows Council to pass a by-law where,
in any year, the total amount of the taxes to be imposed on a property would be less
than an amount specified by Council, the amount of the actual taxes payable shall be
zero;
And Whereas Section 208 (1) of the Act stipulates a municipality shall annually raise
the amount required for the purposes of a board of management of a Business
Improvement Area;
And Whereas the estimate of all sums required by the Downtown Business
Improvement Area of the Corporation of the City of Peterborough, as defined by By-law
1980-154 during the year 2026 amounts to $362,045;
And Whereas the estimate of all sums required by the East City/Ashburnham Business
Improvement Area of the Corporation of the City of Peterborough, as defined through
By-law 1989-002, during the year 2026 amounts to $19,200;
And Whereas Section 326 of the Act provides that a local municipality may, through a
by-law, identify a special service and designate an area of the municipality in which the
residents and property owners receive, or will receive, additional benefit from that
special service that is not received or will be received in other areas of the municipality;
And Whereas the Act further provides that Council may pass by-laws regarding the
payment of taxes;
And Whereas Section 345 of the Act states Municipalities may pass by-laws to impose
late payment charges for the non-payment of taxes or any instalment by the due date
and interest charges, not to exceed one and one-quarter (1.25) per cent each month of
the amount of taxes due and unpaid, may be imposed for the non-payment of taxes;
And Whereas Section 347 of the Act sets out procedures for allocation of payments;
And Whereas Section 345 (6) of the Act states a local municipality shall pay interest at
the same rate and in the same manner as interest is paid under Subsection 257.11 (4)
of the Education Act on overpayments arising as a result of, an error of a municipality,
certain changes under the Assessment Act and property class changes;
And Whereas it is now desirable to issue final 2026 tax bills for all property classes
taking into account all of the above:
Now Therefore, The Corporation of the City of Peterborough by the Council thereof
hereby enacts as follows:
1.
The municipal tax rates, education tax rates, current value assessment, tax
ratios, tax reduction percentages for mandated subclasses for commercial and
industrial properties, and the resulting tax levies for Municipal and Education
purposes as set out in Schedule A are adopted for the year 2026.
By-law 26-055
Page 3
2.
The estimates of all sums required by the Downtown Business Improvement
Area of the Corporation of the City of Peterborough during the year 2026 totalling
$362,045 are hereby adopted and the 2026 rates to be levied on commercial and
industrial properties within the Downtown Business Improvement Area to raise
the required sum will be as follows:
Class
Rate
Commercial Taxable
0.2608%
Commercial Vacant Units
0.2608%
Industrial Taxable
0.2608%
Industrial Vacant Units
0.2608%
3.
The estimates of all sums required by the East City/Ashburnham Business
Improvement Area of the Corporation of the City of Peterborough during the year
2026 totalling $19,200 are hereby adopted, and the 2026 rates to be levied on
commercial and industrial property within the East City Business Improvement
Area to raise the required sum will be as follows:
Class
Rate
Commercial Taxable
0.1365%
Commercial Vacant Units
0.1365%
Industrial Taxable
0.1365%
Industrial Vacant Units
0.1365%
4.
An annual charge of $167.32 to be added to the 2026 property tax bills for
properties abutting rear laneways in the Avonlea subdivision as referenced in By-
laws 13-096, 17-037 and 19-027.
5.
Properties where the total final tax levy is less than five (5) dollars, the amount of
actual taxes payable shall be zero (0).
6.
Payment of all taxes levied under authority of this by-law, including local
improvements and all other charges payable as taxes, shall be paid into the
Office of the Treasurer of the Corporation of the City of Peterborough, on or
before the due date or into any Branch of any Canadian Chartered Bank or Trust
Company, to the credit of the Corporation of the City of Peterborough, in two
approximately equal instalments as indicated in the following schedule:
Ward No:
First Instalment Due Date Second Instalment Due Date
All Wards
July 31, 2026
September 30, 2026
7.
On application to the City of Peterborough, a taxpayer may pay taxes by a
monthly pre-authorized payment plan, payable on the City's last working day of
each month. In the event of the default of payment on the pre-authorized
payment plan, enrollment in the plan shall be terminated and the final tax levy
shall be due and payable on the instalment dates as set out in Section 6.
8.
The immediate payment of any instalments may be required if earlier instalments
are not paid on time.
9.
The penalty charge for non-payment of said taxes on or before the respective
due dates shall be at the rate of one and one-quarter (1.25) percent of the
amount outstanding on the first day of default plus an additional one and one-
quarter (1.25) percent of the amount of taxes unpaid on the first day of each
calendar month thereafter in which the default continued, but not after the 31st
day of December of the year in which the taxes are levied.
By-law 26-055
Page 4
10.
In addition, statutory interest at the rate of one and one-quarter (1.25) percent
per month on any unpaid taxes shall be added from the 31st day of December in
the year in which the taxes are levied, and an additional one and one-quarter
(1.25) percent on the first day of each calendar month thereafter shall be added
until such taxes are fully paid.
11.
Part payments of taxes will be accepted and shall be credited first to all penalties
and interest outstanding, then to other charges added to tax roll, and then to the
oldest tax arrears until the whole of the remainder of the payment has been
credited against such taxes.
13.
This by-law comes into force on the date of the final passing thereof.
By-law passed this 1st day of June, 2026.
Sgd. Jeff Leal, Mayor
Sgd. John Kennedy, City Clerk
By-law 26-055
Page 5