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O. Reg. 204/08: Tax Matters - Transition Ratios and Average Transition Ratios

filed June 17, 2008 under Municipal Act, 2001, S.O. 2001, c. 25

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ontario regulation 204/08

made under the

municipal Act, 2001

Made: June 17, 2008
Filed: June 17, 2008
Published on e-Laws: June 18, 2008
Printed in The Ontario Gazette: July 5, 2008

Amending O. Reg. 385/98

(Tax Matters — Transition Ratios and Average Transition Ratios)

1. Ontario Regulation 385/98 is amended by adding the following section:

8. (1) The transition ratios set out in Table 7 are prescribed, for the purposes of subsection 308 (10) of the Act, for the municipalities set out in Table 7 for 2008.

(2) If no transition ratio is set out in Table 7 for a property class for a municipality, the upper limit of the allowable range for tax ratios prescribed for the property class is prescribed as the transition ratio for the purposes of subsection 308 (10) of the Act.

2. The Regulation is amended by adding the following Table:

Table 7
transition ratios and average transition ratios for 2008

Municipality

Transition ratios

Average transition ratios

 

Multi-residen-tial property class

Commer-cial property class

Industrial property class

Pipeline property class

New multi-residen-tial property class

Office building property class

Shopping centre property class

Parking lots and vacant land property class

Large Indus-trial property class

Commer-cial property classes

Indus-trial property classes

Latchford, Town of

 

1.314305

1.314305

0.700000

 

 

 

 

 

 

 

Lennox and Addington, County of

2.219400

1.417467

2.170000

1.297200

 

 

 

 

2.730000

 

2.627971

Neebing, Township of

 

1.100000

1.100000

6.518200

 

 

 

 

 

 

 

3. This Regulation comes into force on the day it is filed.

Made by:

Dwight Douglas Duncan

Minister of Finance

Date made: June 17, 2008.