O. Reg. 386/98: TAX MATTERS - ALLOWABLE RANGES FOR TAX RATIOS, Municipal Act, 2001
Municipal Act, 2001
ontario REGULATION 386/98
formerly under Municipal Act
TAX MATTERS — ALLOWABLE RANGES FOR TAX RATIOS
Consolidation Period: From January 1, 2025 to the e-Laws currency date.
Last amendment: 509/24.
Legislative History: 176/00, 302/03, 212/05, 96/17, 509/24.
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 |
Aggregate extraction property class | 0.6 to 1.1 |
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; O. Reg. 509/24, s. 1.