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O. Reg. 512/00: TAX MATTERS - DELEGATED MUNICIPALITIES
filed September 13, 2000 under Municipal Act, R.S.O. 1990, c. M.45
Skip to contentONTARIO REGULATION 512/00
made under the
Municipal Act
Made: September 12, 2000
Filed: September 13, 2000
Amending O. Reg. 230/99
(Tax Matters — Delegated Municipalities)
1. (1) Section 8 of Ontario Regulation 230/99 is amended by striking out “For 1998 and 1999” at the beginning and substituting “For 1998, 1999 and 2000”.
(2) Section 8 of the Regulation is amended by adding the following paragraphs:
2.3 For the purpose of determining the adjustments to be made under paragraph 5 of subsection 447.47 (1) of the Act for 2000, the adjustment referred to in subsection 16.4 (1) of Ontario Regulation 7/99 shall be determined by multiplying the municipal tax adjustment by the 1997-level taxes with phase-in where,
“Municipal tax adjustment” means the fraction set out in paragraph 2.4 for the property class and the municipality the property class is in; and
“1997-level taxes with phase-in” has the same meaning as in paragraph 1.
2.4 The municipal tax adjustments for 2000 for the purposes of paragraph 2.3 are set out in the following Table:
TABLE
2000 PRESCRIBED MUNICIPAL TAX CHANGE ADJUSTMENTS FOR THE REGION OF PEEL
|
Municipality |
Fraction for Property Class |
||
|
Multi-Residential |
Commercial |
Industrial |
|
|
Brampton, C |
0.0197648 |
0.0086605 |
0.0091590 |
|
Caledon, T |
0.0098914 |
-0.0002155 |
-0.0076406 |
|
Mississauga, C |
0.0042048 |
0.0019084 |
0.0032827 |
2. (1) Section 11 of the Regulation is amended by adding the following paragraph:
4. For the purposes of determining the adjustments to be made under paragraph 5 of subsection 447.47 (1) of the Act for 2000, the adjustment referred to in subsection 16.4 (1) of Ontario Regulation 7/99 shall be determined by multiplying the municipal tax adjustment by the 1997-level taxes with phase-in where,
“Municipal tax adjustment” means the fraction set out in Table 3 of this section for the property class and the municipality the property class is in; and
“1997-level taxes with phase-in” has the same meaning as in paragraph 1.
(2) Section 11 of the Regulation is amended by adding the following Table:
TABLE 3
2000 PRESCRIBED MUNICIPAL TAX CHANGE ADJUSTMENTS FOR THE REGION OF YORK
|
Municipality |
Fraction for Property Class |
||
|
Multi-Residential |
Commercial |
Industrial |
|
|
Aurora, T |
0.01906 |
0.00893 |
-0.00661 |
|
East Gwillimbury, T |
0.00223 |
-0.00091 |
0.00112 |
|
Georgina, T |
0.09889 |
0.03300 |
0.01490 |
|
King, Tp |
0.03602 |
0.01353 |
-0.00891 |
|
Markham, T |
0.03054 |
0.03316 |
0.01686 |
|
Newmarket, T |
0.06749 |
0.02884 |
0.01020 |
|
Richmond Hill, T |
-0.01276 |
-0.00124 |
-0.02474 |
|
Vaughan, C |
0.04683 |
0.02285 |
0.00891 |
|
Whitchurch-Stouffville, T |
0.01231 |
-0.00204 |
-0.00890 |
Ernie Eves
Minister of Finance
Dated on September 12, 2000.