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The Corporation of the Town of Newcastle
By-Law No. 83-38
being a by-law to establish a Penalty
Charge for non-payment of current taxes.
WHEREAS, under the provision of The Municipal Act, Section 386(3) R.S.O. 1980 a
municipality may impose penalties on unpaid and overdue taxes which were levied in
the current year;
AND WHEREAS, overdue taxes are those taxes which have been levied inthe current
calendar year which are due and unpaid;
NOW THEREFORE, the Council of the Corporation of the Town of Newcastle ENACTS AS
FOLLOWS:-
1. That the penalty charge to be imposed on due and unpaid taxes shall
be at the rate of 15% per annum.
2. That the percentage charge as a penalty for non-payment of taxes
shall be imposed on the first day of default and the first day of
each calendar month thereafter in which default continues, but not
after December 31st of the year during which such taxes were levied.
3. That this by-law shall take effect on April 1, 1983.
4. That By-Law 82-3 be repealed.
BY-LAW READ a first and second time this 14th day of March, 1983.
BY-LAW READ a third and final time this 14th day of March, 1983.
G.B. RiCkar~~
Mayor .
D.W. Oakes
Town Clerk
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Seal
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