THAT Report CS-26-068, 2026 Property Tax Policy, be received as information; and
THAT the 2026 Tax Ratios be set at:
Residential1.000000
Multi-Residential1.692900
New-Multi-Residential1.000000
Commercial1.692900
Industrial1.692900
Aggregate Extraction1.377524
Pipeline1.489400
Farmland0.230000
Managed Forest0.250000; and
THAT Norfolk County adopts both of the optional subclasses for small-scale on farm business for commercial and industrial subclasses; and
THAT the municipal tax rate reduction be set at 75% for the prescribed tax subclasses for small-scale on-farm business in 2026; and
THAT the 2026 and go forward commercial and industrial vacant and excess land subclass reduction be set at 0.0% as per CS-24-003; and
THAT the 2026 Final Tax Levy be due and payable in two installments, on August 31, 2026 and October 30, 2026;
THAT on the first day of default a penalty of 1.25% shall be added and further interest of 1.25% shall be added on the first day of each calendar month thereafter in which default continues; and
THAT the 2026 tax rates resulting from the above tax policy decisions form a schedule to the 2026 Property Tax Policy By-Law; and
FURTHER THAT a 2026 Tax Policy By-Law be passed to give effect to the above.