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O. Reg. 131/02: TAX MATTERS - TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS FOR RESTRUCTURED MUNICIPALITIES
filed April 12, 2002 under Municipal Act, R.S.O. 1990, c. M.45
Skip to contentontario regulation 131/02
made under the
MUNICIPAL ACT
Made: April 3, 2002
Filed: April 12, 2002
Printed in The Ontario Gazette: April 27, 2002
Amending O. Reg. 703/98
(Tax Matters — Transition Ratios and Average Transition Ratios
for Restructured Municipalities)
1. Ontario Regulation 703/98 is amended by adding the following section:
1.3 (1) The transition ratios and average transition ratios set out in Table 4 are prescribed, under subsection 363 (7.1) of the Act, for the restructured municipalities set out in Table 4.
(2) If no transition ratio is set out in Table 4 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 and average transition ratios for a restructured municipality set out in Table 4 apply with respect to 2001.
2. The Regulation is amended by adding the following Table:
Table 4
Transition Ratios for 2001 for Restructured Municipalities
|
Municipality |
Transition ratios |
Average transition ratios |
|||||||||
|
Multi-residential property class |
Commercial |
Industrial property class |
Pipe line property class |
New multi-residential property class |
Office building property class |
Shopping centre property class |
Parking lots and vacant land |
Large industrial property class |
Commercial |
Industrial property class |
|
|
Blind River T |
1.1084 |
1.0705 |
1.1534 |
0.6743 |
|
|
|
|
|
|
|
|
Greenstone M |
2.0996 |
1.3376 |
2.2335 |
0.8554 |
|
|
|
|
|
|
|
|
Haldimand T |
2.3274 |
1.6929 |
2.9945 |
1.4894 |
|
|
|
|
|
|
|
|
Hamilton C |
2.9990 |
2.4256 |
3.8354 |
1.4098 |
1.2500 |
|
|
2.4256 |
4.5624 |
2.4256 |
4.3128 |
|
Kawartha Lakes C |
1.9949 |
1.1689 |
1.7494 |
1.4953 |
|
|
|
|
|
|
|
|
Norfolk T |
2.3274 |
1.6929 |
2.9945 |
1.4894 |
|
|
|
|
|
|
|
|
Ottawa C |
2.1780 |
1.9288 |
2.2439 |
1.1326 |
1.0000 |
2.3309 |
1.6044 |
1.2639 |
1.9269 |
1.9712 |
2.0925 |
|
Powassan M |
2.1269 |
1.2240 |
1.3484 |
0.9996 |
|
|
|
|
1.7185 |
|
1.4001 |
|
Sioux Narrows Nestor Falls Tp |
|
1.1845 |
1.1852 |
|
|
|
|
|
|
|
|
|
Sudbury, Greater City of |
1.9570 |
1.6614 |
2.4500 |
1.2853 |
|
|
|
|
2.7560 |
|
2.6367 |
James M. Flaherty
Minister of Finance
Dated on April 3, 2002.
17/02