Item No. 8.4

Council Report: C 230/2020

Subject: 2021 Interim Tax Bills - City Wide

Reference:

Date to Council: December 7, 2020
Author: Janice Guthrie
Deputy Treasurer, Taxation & Financial Projects
(519) 255-6100 Ext 6271
jguthrie@citywindsor.ca
Taxation & Financial Projects
Report Date: November 19, 2020
Clerk’s File #: AF/13698

To : Mayor and Members of City Council

Recommendation:

THAT City Council DIRECT Administration to prepare 2021 Interim property tax bills based upon 50% of the 2020 total levy inclusive of education tax; and,

THAT City Council ESTABLISH the collection of the 2021 interim property taxes over three instalment dates being; February 17, March 17, and April 14, 2021; and,

THAT City Council APPROVE a rate of 1 ¼ % to be imposed as a penalty for non-payment of property taxes on the first day of default and a further rate of 1 ¼ % per month as interest on taxes due but unpaid; and,

THAT the City Solicitor BE AUTHORIZED to prepare the necessary by-law to enact the 2021 interim property tax bills.

Executive Summary:

N/A

Background:

Property taxes are a significant source of revenue for the City, providing the funding for expenditures. The actual annual property tax levy (inclusive of amounts required to be collected on behalf of the Province for education tax) will not be known until City Council has completed its budget deliberation process. Section 317 of the Municipal Act, 2001 S.O. 2001, c.25, as amended (the Act), provides that City Council may pass a by-law that will levy interim property taxes before the adoption of budget for the current year.