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Posts Tagged ‘Collections’

Smiths Fals tax collection policy under review

Tuesday, June 28, 2016 @ 10:06 AM
posted by April Scott-Clarke

By Howaida Sorour-Roberts

The town is currently owed more than $2million in tax arrears. Since a deficit that large affects the town’s budget negatively, city staff is recommending a new tax collection policy.

“This is about how to deal with arrears. We have a process but it doesn’t have any teeth until it goes to the tax sale process,” explained Director of Corporate Services, Kerry Costello.

The aim of the new policy is to give the town more options to enforce tax payment and reduce arrears.

A draft of the policy was submitted to council and changes are suggested for virtually every aspect of the current collection method. 

New recommendations regarding billing due dates and payments, as well as penalties are being made. New late payment charges are also being considered as are collection methods.

“We are trying to give the tax collector some options to collect taxes and will be looking for a by-law to adopt the new policy,” said Costello.

The new policy will be submitted for council approval at the next scheduled council meeting.

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Posts Tagged ‘Collections’

Smiths Fals tax collection policy under review

Tuesday, June 28, 2016 @ 10:06 AM
posted by April Scott-Clarke

By Howaida Sorour-Roberts

The town is currently owed more than $2million in tax arrears. Since a deficit that large affects the town’s budget negatively, city staff is recommending a new tax collection policy.

“This is about how to deal with arrears. We have a process but it doesn’t have any teeth until it goes to the tax sale process,” explained Director of Corporate Services, Kerry Costello.

The aim of the new policy is to give the town more options to enforce tax payment and reduce arrears.

A draft of the policy was submitted to council and changes are suggested for virtually every aspect of the current collection method. 

New recommendations regarding billing due dates and payments, as well as penalties are being made. New late payment charges are also being considered as are collection methods.

“We are trying to give the tax collector some options to collect taxes and will be looking for a by-law to adopt the new policy,” said Costello.

The new policy will be submitted for council approval at the next scheduled council meeting.

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