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O. Reg. 386/98: TAX MATTERS - ALLOWABLE RANGES FOR TAX RATIOS

under Municipal Act, 2001, S.O. 2001, c. 25

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Municipal Act, 2001
Loi de 2001 sur les municipalités

ONTARIO REGULATION 386/98

formerly under Municipal Act

TAX MATTERS — ALLOWABLE RANGES FOR TAX RATIOS

Consolidation Period: From May 17, 2005 to the e-Laws currency date.

Last amendment: O. Reg. 212/05.

This Regulation is made in English only.

1. (1) The allowable ranges for tax ratios set out in the following Table are prescribed, for the purposes of subsection 308 (8) of the Act, for the property classes set out in the Table. O. Reg. 386/98, s. 1 (1); O. Reg. 302/03, s. 1.

(2) The upper and lower limits of the ranges are included in the ranges. O. Reg. 386/98, s. 1 (2).

TABLE
ALLOWABLE RANGES FOR TAX RATIOS

Property class

Allowable range for tax ratio

Multi-residential property class

1.0 to 1.1

Commercial property class

0.6 to 1.1

Industrial property class

0.6 to 1.1

Pipe line property class

0.6 to 0.7

New multi-residential property class

1.0 to 1.1

Office building property class

0.6 to 1.1

Shopping centre property class

0.6 to 1.1

Parking lots and vacant land property class

0.6 to 1.1

Large industrial property class

0.6 to 1.1

Professional sports facility property class

0.001 to 1.1

Resort condominium property class

1.0 to 1.001

O. Reg. 386/98, Table; O. Reg. 176/00, s. 1; O. Reg. 212/05, s. 1.