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O. Reg. 200/04: TAX MATTERS - TAXATION OF CERTAIN RAILWAY, POWER UTILITY LANDS
filed June 30, 2004 under Municipal Act, 2001, S.O. 2001, c. 25
Skip to contentontario regulation 200/04
made under the
Municipal Act, 2001
Made: June 29, 2004
Filed: June 30, 2004
Printed in The Ontario Gazette: July 17, 2004
Amending O. Reg. 387/98
(Tax Matters — Taxation of Certain Railway, Power Utility Lands)
1. Ontario Regulation 387/98 is amended by adding the following section:
Tax Rates For Certain Land For 2004
2.6 (1) Despite section 1 and subject to subsections (2) and (3), land described in subsection 315 (1) of the Act that was owned by the owner on December 31, 1997 and is still owned by the same owner on January 1, 2004, shall be taxed for 2004 at the rates determined for 2003 for the municipality in which the land is situated.
(2) If the tax rate for the municipality determined for 2003 is greater than the tax rate that applied for the municipality in Table 1, the tax rate determined under subsection (1) for that municipality shall be reduced by one-half of the difference.
(3) If the tax rate for the municipality determined for 2003 is less than the tax rate that applied for the municipality in Table 1, the tax rate determined under subsection (1) for that municipality shall be increased by one-half of the difference.
(4) Land owned by the owner on December 31, 1997 and located in a municipality set out in Table 21 shall be taxed under section 315 of the Act for 2004 at the rates set out in that Table for the municipality in which the land is located.
(5) The headings to the columns of Table 21 that set out the rates of tax are references to the names of the assessed owners as they appear on the assessment rolls or to the names set out in the first column of Table 7 opposite the names of the assessed owners set out in the second column of that Table.
2. The Regulation is amended by adding the following Table:
table 21
2004 rates for ontario northland railway, algoma central railway, ontario l’orignal railway and arnprior nepean railway
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Municipality |
Rates of tax for 2004 for land owned by the owner on December 31, 1997 — expressed as dollars per acre |
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Ontario Northland Railway |
Algoma Central Railway |
Ontario L’Orignal Railway |
Arnprior Nepean Railway |
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District of Timiskaming |
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Municipality of Temiskaming Shores |
46.33 |
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3. This Regulation shall be deemed to have come into force on January 1, 2004.
Made by:
Gregory Sorbara
Minister of Finance
Date made: June 29, 2004.