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O. Reg. 285/00: TAXES - TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS FOR RESTRUCTURED MUNICIPALITIES
filed May 16, 2000 under Municipal Act, R.S.O. 1990, c. M.45
Skip to contentONTARIO REGULATION 285/00
made under the
MUNICIPAL ACT
Made: May 15, 2000
Filed: May 16, 2000
Amending O. Reg. 703/98
(Taxes — Transition Ratios and Average Transition Ratios for Restructured Municipalities)
1. Ontario Regulation 703/98 is amended by adding the following section:
1.2 (1) The transition ratios set out in Table 3 are prescribed, under subsection 363 (16) of the Act, for the restructured municipalities set out in Table 3.
(2) If no transition ratio is set out in Table 3 for a property class for a municipality, the upper limit of the allowable range of fairness for tax ratios prescribed for the property class is prescribed as the transition ratio.
(3) The transition ratios for a restructured municipality set out in Table 3 apply with respect to 2000.
2. The Regulation is amended by adding the following Table:
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TABLE 3
TRANSITION RATIOS FOR MUNICIPALITIES RESTRUCTURED IN 2000
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Restructured |
Transition Ratios |
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Multi– |
Commercial property class |
Industrial property class |
Pipeline |
Office building property class |
Shopping centre property class |
Parking lots and vacant land property class |
Large industrial property class |
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Whitestone |
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1.075160 |
1.159812 |
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McDougall |
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1.317134 |
3.085796 |
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Cochrane |
1.808490 |
1.432348 |
1.199019 |
0.740212 |
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Magnetawan |
2.086374 |
1.150588 |
1.099934 |
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Kenora |
1.717273 |
1.992814 |
3.472726 |
1.271225 |
2.408206 |
2.831195 |
1.648481 |
4.516950 |
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Belleville |
2.714467 |
1.849137 |
3.684692 |
1.105339 |
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Ernie Eves
Minister of Finance
Dated on May 15, 2000.