ontario regulation 178/07

made under the

municipal act, 2001

Made: April 30, 2007
Filed: May 2, 2007
Published on e-Laws: May 3, 2007
Printed in The Ontario Gazette: May 19, 2007


Amending O. Reg. 385/98

(Tax Matters — Transition Ratios and Average Transition Ratios)

1. Subsection 6 (2) of Ontario Regulation 385/98 is amended,

(a) by striking out “Table 3” and substituting “Table 5”; and

(b) by striking out “subsections 308 (10) and (11) of the Act” at the end and substituting “subsection 308 (10) of the Act”.

2. The Regulation is amended by adding the following section:

7. (1) The transition ratios set out in Table 6 are prescribed, for the purposes of subsection 308 (9) of the Act, for the municipalities set out in Table 6 for 2007.

(2) If no transition ratio is set out in Table 6 for a property class for a municipality, the upper limit of the allowable range for tax ratios prescribed for the property class is prescribed as the transition ratio for the purposes of subsection 308 (10) of the Act.

3. The Regulation is amended by adding the following Table:

Table 6
transition ratios and average transition ratios for 2007


Municipality


Transition ratios


Average transition ratios




 


Multi-residen-tial property class


Commer-cial property class


Industrial property class


Pipeline property class


New multi-residen-tial property class


Office building property class


Shopping centre property class


Parking lots and vacant land property class


Large Indus-trial property class


Commer-cial property classes


Indus-trial property classes




Joly, Township of


 


1.048600


1.048600


 


 


 


 


 


 


 


 




4. This Regulation comes into force on the day it is filed.

Made by:

Gregory Sorbara

Minister of Finance

Date made: April 30, 2007.