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1. 2006 INTERIM PROPERTY TAX RATES AND DUE DATES
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That Council approve:
1.
That the 2006
interim property tax billing be set at 50% of the 2005 Adjusted Annualized
Taxation as permitted by legislation.
2.
That the amount
protected classes are billed on the interim tax billing be set at the maximum
percent of last years' adjusted taxation, as permitted by legislation (50% of
the adjusted 2005 taxes).
3.
That the following
tax due dates be approved for 2006:
4. That the penalty and interest percentage charge on overdue
and unpaid tax arrears remain at the rate of 1.25% per month (15% per year)
unchanged from 2005.
Que le Conseil
approuve :
1.
Que la facture provisoire des taxes
foncières pour 2006 soit établie à 50 % de la taxation annuelle rajustée de
2005, comme l’autorise la loi.
2.
Que le montant de la facture d'impôt
provisoire des groupes protégés soit établi au pourcentage maximum des impôts
rajustés des dernières années, comme il est permis par la loi (50 % des impôts
rajustés de 2005).
3.
Que les dates d'échéance des impôts
suivantes soient approuvées pour 2005:
Provisoire : le 16 mars 2006
Finale : le 15 juin 2006
4. Que
le taux de pénalité et d'intérêt facturé sur les impôts impayés et les arriérés
d'impôts demeure au taux de 1,25 % par mois (15 % par année), inchangé par
rapport à 2005.
1.
Chief
Corporate Services Officer’s report dated 29 January 2006
(ACS2006-CRS-FIN-0009).
2.
Extract
of Draft Minute, 21 February 2006.
Report
to/Rapport au :
Corporate Services and Economic Development Committee
Comité des services organisationnels
et du développement économique
and Council / et au Conseil
29 January 2006 / le 29 janvier2006
Submitted by/Soumis par : Greg Geddes, Chief Corporate Services Officer/
Contact Person/Personne
ressource : Ken Hughes, Manager of Revenue/Gestionnaire, Recettes
Financial Services/Services financiers
(613) 580-2424 x 13485, Ken.Hughes@ottawa.ca
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SUBJECT: |
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OBJET : |
taux
d'imposition fonciÈre provisoires pour 2006 et ÉchÉances |
REPORT RECOMMENDATIONS
That the Corporate Services and
Economic Development Committee recommend Council approve:
1. That the 2006 interim property tax billing be set at 50% of the 2005 Adjusted Annualized Taxation as permitted by legislation.
2. That the amount protected classes are billed on the interim tax billing be set at the maximum percent of last years' adjusted taxation, as permitted by legislation (50% of the adjusted 2005 taxes).
3. That
the following tax due dates be approved for 2006:
Interim: March 16, 2006
Final: June 15, 2006
4.
That the penalty
and interest percentage charge on overdue and unpaid tax arrears remain at the
rate of 1.25% per month (15% per year) unchanged from 2005.
RECOMMANDATIONS DU
RAPPORT
Que le Comité des services organisationnels et
du développement économique recommande au Conseil d'approuver :
1. Que
la facture provisoire des taxes foncières pour 2006 soit établie à 50 % de la
taxation annuelle rajustée de 2005, comme l’autorise la loi.
2. Que
le montant de la facture d'impôt provisoire des groupes protégés soit établi au
pourcentage maximum des impôts rajustés des dernières années, comme il est
permis par la loi (50 % des impôts rajustés de 2005).
3. Que les dates d'échéance
des impôts suivantes soient approuvées pour 2005:
Provisoire : le 16 mars 2006
Finale : le 15 juin 2006
4.
Que le taux de pénalité et d'intérêt
facturé sur les impôts impayés et les arriérés d'impôts demeure au taux de 1,25
% par mois (15 % par année), inchangé par rapport à 2005.
BACKGROUND
Sections
342, 343 and 345 of the Municipal Act require that tax due dates, penalty and
service charges are approved by City Council.
Recommendation
1 and 2
Section
317 of the Municipal Act requires Council to establish a by-law which sets
interim tax billing for uncapped classes (residential and pipeline) and capped
classes (commercial, industrial and multi-residential). The amount raised by the interim bill cannot
exceed 50% of last year's adjusted annualized taxation.
Recommendation
3
The
Municipal Act requires that Council set tax due dates. The recommended due dates are March 16, 2006
for the interim (50% of 2005 adjusted annualized taxes) and June 15, 2006 for
the final (balance of 2006 taxes). This
is consistent with last year.
Recommendation
4
The Municipal Act requires that Council set interest and penalty rates. These rates are consistent with 2005.
CONSULTATION
Not required. Due dates will be advertised.
FINANCIAL IMPLICATIONS
There is no impact on the budget if the recommendations in this report are accepted. If City Council were to delay the tax due dates, the impact is approximately $2,500,000 per month.
SUPPORTING DOCUMENTATION
Attachment 1 - By-Law to set the instalment due dates and interest and penalty rates applicable to the collection of property taxes for 2006.
DISPOSITION
Originating
Department to take appropriate action.
DOCUMENT 1
BY-LAW NO. 2006-
A by-law of the City of Ottawa to set the instalment due dates and the interest and penalty rates applicable to the collection of property taxes for 2006.
The Council of the City of Ottawa enacts as follows:
1. In this by-law;
“Treasurer” means the City Treasurer or the Manager of Revenue of the Financial Services Branch of the Department of Corporate Services of the City of Ottawa.
2. The instalment due date for all real property interim taxes is March 16, 2006.
3. The instalment due date for all real property final taxes is June 15, 2006.
4. The Treasurer is hereby authorized to accept part payment from time to time on account of any taxes due pursuant to Sections 2 and 3 and to give a receipt for such part payment.
5. The acceptance of any part payment pursuant to Section 4 shall not affect the collection of any percentage charge imposed and collectable under Sections 7 and 8 in respect of non-payment of any taxes or class of taxes or of any instalments thereof.
6. Payments received by mail are deemed to be paid on the date of receipt of the payment by the City not the date of the postmark of the payment.
7. In default of payment of the full amount of any instalment of real property taxes by the due dates set out in Sections 2 and 3, a percentage charge of one and one-quarter percent (1 ¼ %) is hereby imposed as a penalty of non-payment and may be added to any taxes or any instalment of part thereof remaining unpaid at the due date and shall be added on the first day of each calendar month thereafter in which the default continues but not after December 31, 2006.
8. The Treasurer shall add to the amount of the taxes due and unpaid interest at the rate of one and one-quarter percent (1 ¼ %) per month for each month or fraction thereof from the 31st day of December in the year in which the taxes were levied until the taxes are paid.
9. Nothing contained herein shall prevent the Treasurer from proceeding at any time with the collection of any rate, tax or assessment or any part thereof, in accordance with the provisions of the statutes and by-laws governing the collection of taxes.
ENACTED AND PASSED this day of , 2006.
CITY CLERK MAYOR
BY-LAW NO. 2006 - A by-law of the City of Ottawa to set the instalment due dates and the interest and penalty rates applicable to the collection of property taxes for 2006
Enacted by City Council
at its meeting
of
LEGAL SERVICES
AMP:ec -
COUNCIL AUTHORITY:
City Council –
2006 INTERIM PROPERTY TAX RATES AND DUE DATES
taux d'imposition fonciÈre provisoires pour 2006 et ÉchÉances
ACS2006-CRS-FIN-0009
Moved by Councillor R. Bloess
That notwithstanding the property tax due dates set by Council, the City accept post-dated cheques received by the due date, payable by the end of the month in which the taxes are due.
LOST
NAYS (6): Councillor A. Cullen, J. Stavinga, R. Chiarelli, P. Hume, R. Jellett and Mayor R. Chiarelli
YEAS (2): Councillors R. Bloess and M. McRae
The staff recommendation was then approved.
That the Corporate Services and Economic
Development Committee recommend Council approve:
1. That the 2006 interim property tax billing be set at 50% of the 2005 Adjusted Annualized Taxation as permitted by legislation.
2. That the amount protected classes are billed on the interim tax billing be set at the maximum percent of last years' adjusted taxation, as permitted by legislation (50% of the adjusted 2005 taxes).
3. That the following tax due dates be
approved for 2006:
Interim: March
16, 2006
Final: June
15, 2006
4. That the penalty and interest
percentage charge on overdue and unpaid tax arrears remain at the rate of 1.25%
per month (15% per year) unchanged from 2005.
CARRIED