Property Tax Collection Policy

Purpose

The purpose of this policy is to establish the responsibilities, internal controls, authorizations and procedures ensuring the timing, accurate and efficient preparation and collection of property taxes.

Policy Statement

This policy takes its authority from Section 286 of the Municipal Act, 2001 which states that the Treasurer is responsible for invoicing, collection, and reconciliation of all accounts receivable in the Town:

“A municipality shall appoint a treasurer who is responsible for handling all of the financial affairs of the municipality on behalf of and in the manner directed by the council of the municipality, including,

1. collecting money payable to the municipality and issuing receipts for those payments;
2. depositing all money received on behalf of the municipality in a financial institution designated by the municipality;
3. paying all debts of the municipality and other expenditures authorized by the municipality;
4. maintaining accurate records and accounts of the financial affairs of the municipality; ...”