PART IX FINANCE
Levying of taxes for school purposes
257.7 (1) Subject to the regulations, the following shall, in each year, levy tax at the rates prescribed under section 257.12: 1. Every municipality, on residential property and business property in the municipality, including territory without municipal organization that is deemed under section 56 or subsection 58.1 (2) to be attached to the municipality, taxable for school purposes, according to the last returned assessment roll. 2. Every English-language public district school board the area of jurisdiction of which includes territory without municipal organization that is not deemed under section 56 or subsection 58.1 (2) to be attached to a municipality, on the residential property and business property in that territory taxable for school purposes, according to the last returned assessment roll. 3. Every district school area board the area of jurisdiction of which includes territory without municipal organization that is not deemed under section 56 or subsection 58.1 (2) to be attached to a municipality, on the residential property and business property in that territory taxable for school purposes, according to the last returned assessment roll.  1997, c. 31, s. 113 (2); 2006, c. 33, Sched. Z.3, s. 8 (10). Collection (1.1) The taxes levied in a year under subsection (1) shall be collected as follows: 1. The municipality that levies taxes under paragraph 1 of subsection (1) shall collect the taxes. 2. The taxes levied under paragraphs 2 and 3 of subsection (1) shall be collected under the Provincial Land Tax Act, 2006 as if they were taxes imposed under that Act.  2006, c. 33, Sched. Z.3, s. 8 (11). Exception (2) This section does not apply in respect of property taxed under section 240.  1997, c. 31, s. 113 (2). Subclass reductions (3) Subject to subsections (4) and (5), the tax rates for school purposes for a subclass described in sections 313 and 313.1 of the Municipal Act, 2001 and sections 278 and 278.1 of the City of Toronto Act, 2006, other than a subclass of the classes described in subsection 257.12 (4),  shall be reduced in the same manner as the tax rates for municipal purposes are reduced under those sections. 2017, c. 8, Sched. 7, s. 1; 2020, c. 36, Sched. 10, s. 1 (1). Exception (4) The Minister of Finance may, by regulation, provide that subsection (3) does not apply to a specified tax rate and may prescribe a different reduction or manner of determining a different reduction.  2017, c. 8, Sched. 7, s. 1. Same, certain subclasses (5) Subsection (3) does not apply to a subclass described in section 313.1 of the Municipal Act, 2001
or section 278.1 of the City of Toronto Act, 2006, other than the small-scale on-farm business subclass and the creative enterprise subclass, unless the Minister of Finance, by regulation, provides that subsection (3) applies. 2020, c. 36, Sched. 10, s. 1 (2). Same (6) A regulation made under subsection (5) may prescribe a different reduction or manner of determining a different reduction of the tax rate for school purposes for the subclass. 2020, c. 36, Sched. 10, s. 1 (2). Section Amendments with date in force (d/m/y) 1997, c. 31, s. 113 (2) - 01/01/1998 2002, c. 17, Sched. F, Table - 01/01/2003 2006, c. 32, Sched. C, s. 15 (12) - 01/01/2007; 2006, c. 33, Sched. Z.3, s. 8 (10, 11) - 01/01/2009 2017, c. 8, Sched. 7, s. 1 - 17/05/2017 2020, c. 36, Sched. 10, s. 1 (1, 2) - 08/12/2020