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2012 Municipal Tax Schedule

This due date for all taxes levied by the Town of Cormack is January 1, 2012. The town will provide a discount of 5% on 2012 Property Tax, Business Tax (excluding the Utility Tax.) and Poll Tax on payments paid or postmarked by February 28, 2012. The Town of Cormack will offer a second discount period of March 15, 2012  in which a second discount will be offered of 2.5%. The town will also offer an additional reduction in taxes in the amount of Thirty Dollars($30.00) to seniors(65+) as of January 1, 2012 and upon proof of age. After which date the unpaid balances are in arrears and subject to interest charges of 9.75% annual rate to be applied monthly.

Category          Example given                      Tax Rate            

9  other                                        15.40 mills

10 retail without gas                           15.40 mills

11 gross revenue/no fixed place of business      5.60 mills

12    mineral workings                          14.00 mills

13    commercial logging operations             $ 350

Categories 2 to 12 Minimum Business Tax         $ 350

Property Tax (Residential and Business)         7.10 mills

Min Residential AND Business Property Tax       $ 420

Poll Tax                                        $ 340

Utility Tax (Based on Gross Revenue)             2.5 percent

Productive Farmland Exemptions
The town will receive a list of Productive Farmland Exemptions to date. Upon receipt of the list, the affected property tax accounts will be adjusted accordingly. Contact the town office for more information.

Term for Payment Plan:

(Interest for current year can be reduced.)

1.   Contact the Council Office so that your plan is registered by March 31, 2012.

2.   Regular (weekly/monthly payments must be no less than the minimum of equal payments made over the term of the plan. The plan term ends October 31, 2012.

3.   Failure to pay in any given month may result in termination of the plan.

4.   Upon final payment, and all terms and conditions have been met, the interest charges accumulated against the current year's taxes will be adjusted accordingly.

Dates to Remember:

January 1, 2012....................due date for 2012 taxes.

February 28, 2012................last day for 5% discount.

March 15, 2012...................last day for 2.5% discount.

March 31, 2012....................deadline for payment.

March 31, 2012  after this date, accounts not paid in full are in arrears and subject to interest charges of 9.5% per annum (applied monthly .0081%).

In an Emergency situation every second really does count. What about your civic address? The Town has street name signs but you may lose precious time if you have not placed a civic number on your residence. Response time should not include a delay due to being unable to locate an accurate address.

ONLINE PAYMENTS

We are now set up for Debit cards ,Master cards and Visa . For Online banking just visit your local banking website and add us using your account number.

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