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O. Reg. 95/17: TAX MATTERS - TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS

filed April 4, 2017 under Municipal Act, 2001, S.O. 2001, c. 25

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ontario regulation 95/17

made under the

Municipal Act, 2001

Made: April 4, 2017
Filed: April 4, 2017
Published on e-Laws: April 4, 2017
Printed in The Ontario Gazette: April 22, 2017

Amending O. Reg. 385/98

(TAX MATTERS - TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS)

1. The French version of Ontario Regulation 385/98 is amended by striking out “catégorie des grands biens industriels” wherever it appears in the following provisions and substituting in each case “catégorie des grands ensembles industriels”:

1. Clause 13 (a).

2. Subsection 14 (1).

3. Section 15.

4. Clause 16 (d).

5. The heading to Column 3 of Table 1.

2. Subsection 9 (3) of the Regulation is amended by striking out “and” at the end of clause (a) and by adding the following clause:

(a.1) the landfill property class; and

3. The Regulation is amended by adding the following section:

Landfill Property Class

10.2 (1) For the purposes of subsection 308 (10) of the Act, the transition ratio for the landfill property class in a municipality for the qualifying taxation year shall be determined as follows:

1. Multiply the unadjusted tax ratio for the landfill property class for the qualifying taxation year by the amount of the total assessment of the properties in that property class for the year.

2. Multiply the unadjusted tax ratio for the landfill property class for the qualifying taxation year by the amount of the total assessment of the properties in that property class for the previous year.

3. Determine the weighted reassessment change for the landfill property class by dividing the amount determined under paragraph 1 by the amount determined under paragraph 2.

4. Determine the adjustment factor by dividing “A” by “B” where,

“A” is the weighted reassessment change for the landfill property class as determined under paragraph 3, and

“B” is the weighted reassessment change for the specified residential classes as determined under paragraph 3 of subsection 9 (5).

5. Divide the unadjusted tax ratio for the landfill property class for the qualifying taxation year by the adjustment factor determined under paragraph 4.

6. Determine the transition ratio for the landfill property class for the qualifying taxation year by multiplying the amount determined under paragraph 5 by 1.05.

(2) The following rules apply to the calculation in subsection (1) for the 2017 taxation year:

1. For the purposes of paragraph 1 of subsection (1), the unadjusted tax ratio for the landfill property class is equal to the unadjusted tax ratio for the commercial property class.

2. For the purposes of paragraph 2 of subsection (1), the amount of the total assessment of the properties in the landfill property class for the previous year is deemed to be the amount of the total assessment of the properties in the 2016 taxation year that are classified in the landfill property class for the 2017 taxation year.

(3) Despite paragraph 6 of subsection (1), for the County of Lambton, the transition ratio for the landfill property class for the qualifying taxation year is determined by multiplying the amount determined under paragraph 5 of subsection (1) by 1.2.

(4) The following rules apply to the Municipality of Chatham-Kent:

1. For the 2017 taxation year, despite subsection (1), the transition ratio for the landfill property class is 5.752080.

2. For the 2018 taxation year and subsequent taxation years, despite paragraph 6 of subsection (1), the transition ratio for the landfill property class for the taxation year is determined by multiplying the amount determined under paragraph 5 of subsection (1) by 1.1.

(5) The following rules apply to the County of Elgin:

1. For the 2017 taxation year, despite subsection (1), the transition ratio for the landfill property class is 34.024061.

2. For the 2018 taxation year and subsequent taxation years, despite paragraph 6 of subsection (1), the transition ratio for the landfill property class for the taxation year is equal to the amount determined under paragraph 5 of subsection (1).

4. Paragraph 1 of section 11 of the Regulation is amended by striking out “Subject to paragraphs 2 and 3” at the beginning and substituting “Subject to section 10.2 and paragraphs 2 and 3 of this section.”

5. The French version of clause 17 (a) of the Regulation is amended by striking out “catégorie des biens industriels et des grands biens industriels” and substituting “catégorie des biens industriels et de la catégorie des grands ensembles industriels”.

Commencement

6. This Regulation comes into force on the day it is filed.

Made by:
Pris par :

Le ministre des Finances,

Charles Sousa

Minister of Finance

Date made: April 4, 2017
Pris le : 4 avril 2017

 

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