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Snapshot 3f7c2665bf12 · verified 2026-06-05 ·
original document ·
archived snapshot ·
unofficial consolidation, the official version is held by the municipal clerk.
Policy Number:
2010 - 30
Policy Subject:
## Policy Objective
To establish an allowance based upon generally accepted accounting principles. The method of calculation should reasonably reflect the exposure of the Town to the tax arrears that may prove to be uncollectable.
## Policy
1. For business occupancy, invalid assessments and owner unknown properties - 100% allowance at year end..
2. For residential and commercial properties;
- a) Above $3,000.00 in arrears for Mobile Homes - Individual assessment
- b) Above $5.,000.00 in arrears for all other - Individual assessment
- c) Less than $5,000.00 in arrears
5% on Year 1
10% on Year 2
50% on Year 4
20% on Year 3
80% on Year 5
100% on Year 6
3. The tax arrears allowance determined for the year will be reviewed for reasonableness and compared to allowances in previous years.
## Annotation's For Official Policy Book
Date of Council members Review October 14, 2010
Date of Passage of Current Policy: November 4, 2010
that this Policy was adopted by Council as indicated above.
Shelder
CAO / Clerk
in Norey
November 5, 2011
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## Tax Arrears Allowance Policy