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ontario regulation 131/02

made under the

MUNICIPAL ACT

Made: April 3, 2002
Filed: April 12, 2002
Printed in The Ontario Gazette: April 27, 2002

Amending O. Reg. 703/98

(Tax Matters — Transition Ratios and Average Transition Ratios
for Restructured Municipalities)

1.Ontario Regulation 703/98 is amended by adding the following section:

1.3(1)The transition ratios and average transition ratios set out in Table 4 are prescribed, under subsection 363 (7.1) of the Act, for the restructured municipalities set out in Table 4.

(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 of fairness for tax ratios prescribed for the property class is prescribed as the transition ratio.

(3)The transition ratios and average transition ratios for a restructured municipality set out in Table 4 apply with respect to 2001.

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

Table 4
Transition Ratios for 2001 for Restructured Municipalities

Municipality / Transition ratios / Average transition ratios
Multi-residential property class / Commercial
property class / Industrial property class / Pipe line property class / New multi-residential property class / Office building property class / Shopping centre property class / Parking lots and vacant land
property class / Large industrial property class / Commercial
property class / Industrial property class
Blind River T / 1.1084 / 1.0705 / 1.1534 / 0.6743
Greenstone M / 2.0996 / 1.3376 / 2.2335 / 0.8554
Haldimand T / 2.3274 / 1.6929 / 2.9945 / 1.4894
Hamilton C / 2.9990 / 2.4256 / 3.8354 / 1.4098 / 1.2500 / 2.4256 / 4.5624 / 2.4256 / 4.3128
Kawartha Lakes C / 1.9949 / 1.1689 / 1.7494 / 1.4953
Norfolk T / 2.3274 / 1.6929 / 2.9945 / 1.4894
Ottawa C / 2.1780 / 1.9288 / 2.2439 / 1.1326 / 1.0000 / 2.3309 / 1.6044 / 1.2639 / 1.9269 / 1.9712 / 2.0925
Powassan M / 2.1269 / 1.2240 / 1.3484 / 0.9996 / 1.7185 / 1.4001
Sioux Narrows Nestor Falls Tp / 1.1845 / 1.1852
Sudbury, Greater City of / 1.9570 / 1.6614 / 2.4500 / 1.2853 / 2.7560 / 2.6367

James M. Flaherty

Minister of Finance

Dated on April 3, 2002.

17/02

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