I have been reading on Councilor Saindon's blog there appears to be a commenter that has a miss understanding of the property tax penalty bylaw. Even though I feel very bad for him and his family I get the impression that he feels that the River Run property is not going to get hit with the tax penalties. I have also had a few conversations with people around tax also that are confused.
I would suggest that you go to the Municipal Web site (link available on the right hand side), click on the section marked bylaws and go to Bylaw #836,2011 "Property Tax Penalties". Then read this bylaw very carefully unless I am way out to lunch it clearly states that on the first business day after July 1st you are going to get hit with a 20% penalty, it also goes on to say that there will be a further penalty of 2% on the first business day of each month.
Remember at the tax hall meeting how the Mayor talked about the serious cash flow problems being created by people not paying there taxes. Well despite the much ado about charging one of the highest municipal tax penalties in the province and how it was going to encourage a large cash injection into the municipal coffers. The municipality collected a whooping 17% of its outstanding back taxes prior to the end of the year. So those other 83% I hope you take the time to read the bylaw because its going to cost you "a lot".