O. Reg. 386/98: TAX MATTERS - ALLOWABLE RANGES FOR TAX RATIOS
under Municipal Act, 2001, S.O. 2001, c. 25
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| July 23, 2003 – May 16, 2005 |
Municipal Act, 2001
Loi de 2001 sur les municipalités
ontario REGULATION 386/98
formerly under Municipal Act
TAX MATTERS — ALLOWABLE RANGES FOR TAX RATIOS
Historical version for the period May 17, 2005 to April 3, 2017.
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.