O. Reg. 353/20: TAX MATTERS - TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS

ontario regulation 353/20

made under the

Municipal Act, 2001

Made: July 6, 2020
Filed: July 7, 2020
Published on e-Laws: July 7, 2020
Printed in The Ontario Gazette: July 25, 2020

Amending O. Reg. 385/98

(TAX MATTERS - TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS)

1. Ontario Regulation 385/98 is amended by adding the following sections:

13. Despite sections 9 to 12, for the Town of St. Marys for the 2020 taxation year,

(a) the transition ratio for the industrial property class and the large industrial property class is 2.481186; and

(b) the average transition ratio for the industrial classes is 2.481186.

14. Despite sections 9 to 12, the following ratios apply in the Township of James for the 2020 taxation year:

1. The following transition ratios:

i. 2.520418, for the multi-residential property class.

ii. 2.791014, for the commercial property class.

iii. 4.892200, for the industrial property class.

iv. 7.453106, for the large industrial property class.

v. 2.811142, for the landfill property class.

2. An average transition ratio of 7.357659 for the industrial classes.

Commencement

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

Made by:
Pris par :

Le ministre des Finances,

Rod Phillips

Minister of Finance

Date made: July 6, 2020
Pris le : 6 juillet 2020