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. 118/04: Tax Matters - Transition Ratios and Average Transition Ratios
filed May 5, 2004 under Municipal Act, 2001, S.O. 2001, c. 25
Skip to contentontario regulation 118/04
made under the
Municipal Act, 2001
Made: May 5, 2004
Filed: May 5, 2004
Printed in The Ontario Gazette: May 22, 2004
Amending O. Reg. 385/98
(Tax Matters — Transition Ratios and Average Transition Ratios)
1. Section 4 of Ontario Regulation 385/98 is revoked and the following substituted:
4. (1) The transition ratios set out in Table 4 are prescribed for 2004 for the purposes of subsection 308 (10) of the Act for the municipalities set out in that Table.
(2) If no transition ratio is set out in Table 4 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 308 (10) of the Act.
2. The Regulation is amended by adding the following Table:
Table 4
transition ratios for 2004
|
Municipality |
Transition Ratios |
||||
|
Multi-residential property class |
Commercial property class |
Industrial property class |
Pipe line property class |
New multi-residential property class |
|
|
Brantford, City of |
2.408500 |
2.082000 |
3.902400 |
1.740400 |
|
|
Grey, County of |
1.440929 |
1.225218 |
1.778261 |
0.803588 |
|
|
Kingston, City of |
2.662704 |
1.866847 |
3.204133 |
1.017222 |
1.000000 |
|
Perth, County of |
2.260133 |
1.246937 |
1.969158 |
1.639061 |
|
|
Toronto, City of |
3.817465 |
3.858168 |
4.336779 |
1.923564 |
1.000000 |
Made by:
Gregory Sorbara
Minister of Finance
Date made: May 5, 2004.