Title
Tax Penalty Bylaw 2015-16
Proposed Motion(s)
That Bylaw No. 2015-16 receive first reading.
That Bylaw No. 2015-16 receive second reading.
That Bylaw No. 2015-16 be presented for third reading.
That Bylaw No. 2015-16 receive third and final reading.
Body
Administration Recommendation(s)
Administration supports the proposed motion.
Purpose
Pursuant to Part 10, Division 1 of the Municipal Government Act, Council may, by bylaw, impose penalties on unpaid taxes. The Tax Penalty Bylaw, establishes the penalties imposed on unpaid taxes in both the current year and each succeeding year taxes remain unpaid.
Summary
The existing bylaw (Bylaw No. 19-2005), Attachment 1, was passed on May 10, 2005. It provided for a penalty of one and one-half percent (1.5%) per month commencing July 1st and on the first day of each month thereafter, so long as the taxes remain unpaid. It also provided for a penalty of twelve percent (12%) on January 1st and five percent (5%) on March 1st of the following year on unpaid taxes as at December 31st of the previous year and each year thereafter so long as the taxes remain unpaid.
Administration has reviewed the penalty structure and is recommending that it be amended to provide a penalty of two and one-half percent (2.5%) of unpaid taxes on July 1st and again on August 1st with an additional five percent (5%) of unpaid taxes on September 1st and again on October 1st. It also provides for a penalty of five and one-half percent (5.5%) on January 1st and five and one-half percent (5.5%) on March 1st of the succeeding year and similarly each year thereafter, so long as the taxes remain unpaid. Attachment 2 contains a listing of the tax penalty rates established by municipalities in the region, the average rate for the region, and the breakdown of administrations proposed new rate structure for Parkland County. These changes have been incorporated into the Tax Penalty Bylaw No. 2015-16 included as Attachment 3.
Strategic Plan/Policy/...
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