O. Reg. 516/00: TAX MATTERS - TAX RATES FOR SCHOOL PURPOSES

 

ONTARIO REGULATION 516/00

made under the

education Act

Made: September 12, 2000
Filed: September 13, 2000

Amending O. Reg. 400/98

(Tax Matters — Tax Rates for School Purposes)

1. Section 7 of Ontario Regulation 400/98 is amended by adding the following subsections:

(6.1) In addition to the reduction provided under subsection (3), the tax rate for 2000 in The Regional Municipality of Hamilton-Wentworth shall be reduced,

(a) for the portion of the assessment on the 2000 assessment roll, as returned, that does not exceed $500,000 on property in the industrial property class, by 0.00168106;

(b) for the portion of the assessment on the 2000 assessment roll, as returned, that exceeds $500,000 on property in the industrial property class, by 0.00210133; and

(c) for property in the large industrial class, by 0.00219175.

(6.2) In addition to the reduction provided under subsection (3), the tax rate for 2000 in The Regional Municipality of Niagara shall be reduced for property in the large industrial class by 0.00118970.

2. Section 8 of the Regulation is amended by adding the following subsections:

(2) The tax rate for school purposes for Kingston in the industrial property class for 2000 is 0.03949971, but shall be reduced for 2000 by 0.00003967.

(3) The tax rate for school purposes for the City of Cornwall in the industrial property class shall be reduced for 2000 by 0.00092437.

(4) Despite section 7, the tax rate for school purposes for the Township of Shedden in the industrial property class for 2000 is 0.01684752.

(5) Despite section 7, the tax rate for school purposes for the Township of Sioux Narrows in the industrial property class for 2000 is 0.01694620.

(6) The tax rate for school purposes for The Regional Municipality of Ottawa-Carleton in the professional sports facility property class for 2000 is 0.03067600, but shall be reduced for 2000 by 0.02456700.

Ernie Eves

Minister of Finance

Dated on September 12, 2000.