Important: This version of the e-Laws website will be upgraded to a new version in the coming weeks.
You can try the beta version of the new e-Laws at ontario.ca/laws-beta.
O. Reg. 125/02: TAX MATTERS TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS
filed April 4, 2002 under Municipal Act, R.S.O. 1990, c. M.45
Skip to contentontario regulation 125/02
made under the
MUNICIPAL ACT
Made: March 15, 2002
Filed: April 4, 2002
Printed in The Ontario Gazette: April 20, 2002
Amending O. Reg. 385/98
(Tax Matters ¾ Transition Ratios and Average Transition Ratios)
1. Ontario Regulation 385/98 is amended by adding the following section:
2. (1) The transition ratios and average transition ratios set out in Table 2 are prescribed, for the purposes of subsection 363 (7.1) of the Act, for the municipalities set out in the Table for 2001.
(2) If no transition ratio is set out in Table 2 for a property class for a municipality, the upper limit of the allowable range for tax ratios prescribed for the property class is prescribed as the transition ratio for the purposes of subsection 363 (7.1) of the Act.
2. The Regulation is amended by adding the following Table:
Table 2
Transition Ratios for 2001
|
Municipality |
Transition ratios |
Average transition ratios |
|||||||||
|
Multi-residential property class |
Commercial |
Industrial property class |
Pipe line property class |
New multi-residential property class |
Office building property class |
Shopping centre property class |
Parking lots and vacant lands property class |
Large industrial property class |
Commercial |
Industrial property class |
|
|
Atikokan Tp |
2.3085 |
2.6548 |
2.4951 |
2.5249 |
|
|
|
|
4.0551 |
|
3.9017 |
|
Dubreuilville Tp |
1.2804 |
2.0022 |
2.2844 |
|
|
|
|
|
2.9828 |
|
2.8338 |
|
Leeds and Grenville Co |
2.1952 |
1.4919 |
2.0071 |
1.6551 |
1.0000 |
|
|
|
3.1063 |
|
2.6300 |
|
Lennox and Addington Co |
2.7400 |
1.4181 |
2.1767 |
1.2972 |
|
2.8745 |
1.8423 |
0.8599 |
2.7323 |
1.4199 |
2.6156 |
|
London C |
2.1077 |
1.8808 |
2.6300 |
1.3526 |
|
|
|
|
|
|
|
|
St. Thomas C |
2.6973 |
2.2488 |
2.2785 |
1.1673 |
|
|
|
|
2.7380 |
|
2.6300 |
|
Stormont, Dundas and Glengarry Co |
2.7361 |
1.5378 |
1.8769 |
1.1354 |
|
|
|
|
3.7687 |
|
2.6004 |
James M. Flaherty
Minister of Finance
Dated on March 15, 2002.