O. Reg. 386/98: TAX MATTERS - ALLOWABLE RANGES FOR TAX RATIOS, Under: TAX MATTERS - TIME LIMITS FOR 2005 UNDER SECTIONS 308, 308.1, 310, 311, 314, 329.1 AND 362 OF THE ACT
Today, December 5, 2024, current consolidated laws on e-Laws are current (up-to-date) to November 1, 2024 (e-Laws currency date).
Municipal Act, 2001
ontario REGULATION 386/98
formerly under Municipal Act
TAX MATTERS — ALLOWABLE RANGES FOR TAX RATIOS
Consolidation Period: From April 4, 2017 to the e-Laws currency date.
Last amendment: 96/17.
Legislative History: 176/00, 302/03, 212/05, 96/17.
This is the English version of a bilingual regulation.
1. For the purposes of subsection 308 (8) of the Act, the allowable range for a tax ratio for a property class is set out in the following Table:
TABLE
ALLOWABLE RANGES FOR TAX RATIOS
|
Property class |
Allowable range for tax ratio |
|
Commercial property class |
0.6 to 1.1 |
|
Industrial property class |
0.6 to 1.1 |
|
Landfill property class |
0.6 to 1.1 |
|
Large industrial property class |
0.6 to 1.1 |
|
Multi-residential property class |
1.0 to 1.1 |
|
New multi-residential property class |
1.0 to 1.1 |
|
Office building property class |
0.6 to 1.1 |
|
Parking lots and vacant land property class |
0.6 to 1.1 |
|
Pipe line property class |
0.6 to 0.7 |
|
Professional sports facility property class |
0.001 to 1.1 |
|
Resort condominium property class |
1.0 to 1.001 |
|
Shopping centre property class |
0.6 to 1.1 |
O. Reg. 96/17, s. 1.
