O. Reg. 446/12: TAX RATES
filed December 20, 2012 under Provincial Land Tax Act, 2006, S.O. 2006, c. 33, Sched. Z.2
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made under the
Provincial Land Tax Act, 2006
Made: December 14, 2012
Filed: December 20, 2012
Published on e-Laws: December 20, 2012
Printed in The Ontario Gazette: January 5, 2013
Amending O. Reg. 224/09
(TAX RATES)
1. (1) Subsection 1 (1) of Ontario Regulation 224/09 is amended by adding “for 2013” after “the tax rate”.
(2) Subsection 1 (2) of the Regulation is amended by adding “for 2013” after “the tax rate”.
2. Tables 1 and 2 of the Regulation are revoked and the following substituted:
Table 1
tax rates for land in a locality
|
Property Class |
Rate |
|
Residential Property Class |
0.00161727 |
|
Multi-residential Property Class |
0.00161727 |
|
Farm Property Class |
0.00040432 |
|
Managed Forests Property Class |
0.00040432 |
|
Commercial Property Class |
0.00054436 |
|
Industrial Property Class |
0.00039189 |
|
Pipe Line Property Class |
0.00190290 |
Table 2
tax rates for land not in a locality
|
Property Class |
Rate |
|
Residential Property Class |
0.00025393 |
|
Multi-residential Property Class |
0.00025393 |
|
Farm Property Class |
0.00006348 |
|
Managed Forests Property Class |
0.00006348 |
|
Commercial Property Class |
0.00054436 |
|
Industrial Property Class |
0.00039189 |
|
Pipe Line Property Class |
0.00190290 |
Commencement
3. This Regulation comes into force on the later of January 1, 2013 and the day it is filed.
Made by:
Dwight Douglas Duncan
Minister of Finance
Date made: December 14, 2012.