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unofficial consolidation, the official version is held by the municipal clerk.
AD Simply Beautiful, Naturally Prince
CORPORATION OF THE TOWNSHIP OF PRINCE
By-Law 2026-02
Being a by-law to provide for an interim tax levy and to provide for the payment of taxes and to provide
for penalty and interest of 1.25 percent.
WHEREAS Section 317(2) of The Municipal Act 2001, as amended provides that the Council of a local
municipality may, before the adoption of the estimate for the year, pass a by-law to levy amounts on the
assessment of property in the local municipality rateable for local municipality purposes, a sum not to
exceed that which would be produced by applying the prescribed percentage (or 50 % if no percentage
is otherwise prescribed) of the total 2025 taxes for municipal and school purposes levied on the
property; and
NOW THEREFORE the Council of the Corporation of the Township of Prince enacts as follows:
1. Interim tax levies are hereby imposed on the whole of the assessment for real property for alll
property classes according to the assessment roll for taxation in the current year and shall be in the
amount equal to fifty per cent (50%) of the final 2025 taxes on the property.
2. When calculating the total amount of taxes for the year 2025 under paragraph 1, if any taxes for
municipal and school purposes were levied on a property for only part of 2025, an amount shall be
added equal to the additional taxes that would have been levied on the property if taxes for municipal
and school purposes had been levied for the entire year.
3. The said interim tax levy shall become due and payable in two instalments as follows: February 25,
2026, and May 25, 2026.
4. Penalties and interest shall continue to be calculated at the rate of 1.25% per month as provided for
in By-law 2025-27.
PASSED in open Council on this 13" day of January 2026.
Aid:
Mayor, Melanie Mage an Acting Clerk, Megha Trivedi