Distribution of taxes
447.52(1)The following apply for the purpose of distributing among municipalities and school boards the taxes for municipal and school purposes determined under this Division:  1. The taxes that are for school purposes shall be distributed in accordance with sections 257.8 and 257.9 of the Education Act and the taxes that are for municipal purposes shall be distributed in accordance with paragraph 5. 2. For 1998 for all classes of real property and for 1999 and 2000 for the multi-residential property class, the taxes that are for school purposes on all property shall be equal to the taxes on the property for school purposes that would have been imposed on the property if this Division did not apply. 3. For 1999 and 2000 for the commercial classes and the industrial classes, the taxes that are for school purposes on all property in each class of real property shall be equal to 98 per cent of the taxes on the property for school purposes that would have been imposed on the property if this Division did not apply. 4. The taxes on all property for municipal purposes are the taxes minus the amount of the taxes for school purposes. 5. If the property specified in paragraph 3 is in an upper-tier municipality, the upper-tier municipality’s share of the taxes for municipal purposes shall be equal to the sum of, i. the taxes on the property for upper-tier purposes that would have been imposed on the property if this Division did not apply, and ii. 2 per cent of the taxes on the property for school purposes that would have been imposed on the property if this Division did not apply. 6. If a municipality is required to pay taxes to an upper-tier municipality under this Act or a school board under the Education Act, the amount the municipality is required to pay shall be adjusted to reflect the changes under this Division to the amount of the taxes and their distribution. Adjustments re surplus or shortfall (2)The council of an upper-tier municipality to which this Division applies shall pass a by-law requiring adjustments to be made between the upper-tier and the lower-tier municipalities so that neither the upper-tier municipality nor any lower-tier municipalities has a surplus or shortfall as a result of adjustments under paragraph 3 of subsection 447.47 (1). Same (3)In making a by-law under subsection (2), the council of the upper-tier municipality shall, separately for all of the commercial classes and for all of the industrial classes, determine the difference between the following amounts and apply that amount to increase the percentage determined under subsection 447.51 (4): 1. The sum of the taxes for school purposes for all property in the commercial classes or the industrial classes, as the case may be, in the lower-tier municipality that would have been imposed on all property in those classes if this Division did not apply. 2. The sum of the taxes for school purposes determined under paragraph 3 of subsection (1) for all property in the commercial classes or the industrial classes, as the case may be, in the lower-tier municipality. Same (4)The council of the single-tier municipality shall, separately for all of the commercial classes and for all of the industrial classes, determine the difference between the following amounts and apply that amount to increase the percentage determined under subsection 447.51 (4): 1. The sum of the taxes for school purposes for all property in the commercial classes or the industrial classes, as the case may be, in the municipality that would have been imposed on all property in those classes if this Division did not apply. 2. The sum of the taxes for school purposes determined under paragraph 3 of subsection (1) for all property in the commercial classes or the industrial classes, as the case may be, in the municipality. Application (5)This section applies with respect to the 1998 and subsequent taxation years. 1999, c. 9, s. 163.