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O. Reg. 234/06: Tax Matters - Transition Ratios and Average Transition Ratios

filed May 25, 2006 under Municipal Act, 2001, S.O. 2001, c. 25

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ontario regulation 234/06

made under the

municipal act, 2001

Made: May 25, 2006
Filed: May 25, 2006
Published on e-Laws: May 26, 2006
Printed in The Ontario Gazette: June 10, 2006

Amending O. Reg. 385/98

(Tax Matters — Transition Ratios and Average Transition Ratios)

1. Ontario Regulation 385/98 is amended by adding the following section:

6. (1) The transition ratios set out in Table 5 are prescribed, for the purposes of subsection 308 (10) of the Act, for the municipalities set out in Table 5 for 2006.

(2) If no transition ratio is set out in Table 3 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 subsections 308 (10) and (11) of the Act.

2. The Regulation is amended by adding the following Table:

Table 5
transition ratios and average transition ratios for 2006

Municipality

Transition ratios

Average transition ratios

 

Multi-residen-tial property class

Commer-cial property class

Industrial property class

Pipeline property class

New multi-residen-tial property class

Office building property class

Shopping centre property class

Parking lots and vacant land property class

Large Indus-trial property class

Commer-cial property classes

Indus-trial property classes

Barrie, City of

1.099957

1.433126

1.516328

1.103939

 

 

 

 

 

 

 

Belleville, City of

2.523611

1.937659

2.975054

1.234392

 

 

 

 

 

 

 

Calvin, Township of

1.100000

1.522699

3.883049

2.512573

 

 

 

 

 

 

 

Carling, Township of

1.100000

1.404996

2.193659

 

 

 

 

 

 

 

 

Espanola, Town of

2.002931

1.573558

1.885146

1.210970

 

 

2.191775

 

3.043901

1.602157

2.974554

Greater Sudbury, City of

2.059100

1.720574

2.559614

1.475204

1.000000

 

 

 

2.901185

 

2.772192

Grey, County of

1.441197

1.306940

1.858187

0.906848

 

 

 

 

 

 

 

Kawartha Lakes, City of

1.993090

1.312881

1.911851

1.927555

 

 

 

 

 

 

 

Kingston, City of

2.738939

2.022091

2.654704

1.172800

1.000000

 

 

 

 

 

 

London, City of

2.148689

2.097318

2.770447

1.740974

 

 

 

 

 

 

 

Machin, Township of

0.934908

1.612918

1.130188

1.395561

 

 

 

 

 

 

 

McKellar, Township of

1.100000

1.594929

1.740434

1.100000

 

 

 

 

 

 

 

Mississauga, City of

1.778781

1.409816

1.570762

1.151172

 

 

 

 

 

 

 

Niagara, Region of

2.060000

1.758601

3.177073

1.634647

1.000000

 

 

 

3.177073

 

3.177073

Orillia, City of

1.674223

2.033653

1.731817

2.571826

1.100000

 

 

 

 

 

 

Ottawa, City of

1.844983

2.175369

2.746772

1.543789

1.000000

2.628093

1.809481

1.425346

2.358772

2.290024

2.571873

Owen Sound, City of

2.642374

2.416338

2.965671

3.571443

 

2.193198

2.875220

1.224253

5.119006

2.437767

4.360762

Parry Sound, Town of

1.514485

1.664617

1.516235

0.884919

1.000000

 

 

 

 

 

 

Pembroke, City of

1.873392

2.061054

4.654183

1.512964

 

 

 

 

 

 

 

Prescott and Russell, United Counties of

1.908930

1.368270

2.831812

1.255723

 

 

 

 

3.805304

 

3.085067

Red Lake, Municipality of

1.281321

1.654894

2.603641

 

 

 

 

 

2.713695

 

2.696406

St. Thomas, City of

2.498704

1.947493

2.228073

1.244122

 

 

 

 

2.677404

 

2.544354

Simcoe, County of

1.620336

1.310896

1.602107

1.484931

 

 

 

 

 

 

 

Stormont, Dundas and Glengarry, County of

2.586100

1.537800

1.876900

1.334000

 

 

 

 

3.768700

 

2.455664

Strong, Township of

1.000000

1.100000

1.100000

0.816426

 

 

 

 

 

 

 

Made by:

Gregory Sorbara

Minister of Finance

Date made: May 25, 2006.