Determination of adjusted mill rates
447.16(1)This section governs the determination of the adjusted mill rates for a property under paragraph 1 of subsection 447.15 (1). 1998, c. 3, s. 30. 1998 (2)For 1998, the adjusted mill rates shall be determined in accordance with the following: 1. A commercial mill rate shall be determined by adding together the commercial mill rates, for municipal and school purposes, that were levied on the property in 1997 or that would have been levied on the property in 1997 if commercial mill rates had been levied on the property in that year. 2. A residential mill rate shall be determined by adding together the residential mill rates, for municipal and school purposes, that were levied on the property in 1997 or that would have been levied on the property in 1997 if residential mill rates had been levied on the property in that year. 3. The commercial and residential mill rates shall be adjusted in accordance with subsection (4) to reflect any decreases in the taxes needed for municipal purposes from 1997 to 1998 for the property class the property is in. 1998, c. 3, s. 30; 1998, c. 33, s. 32 (1). 1999, 2000 (3)For 1999 and 2000, the adjusted mill rates shall be determined in accordance with the following: 1. The adjusted commercial and residential mill rates that applied to the property under this Part in the previous year, or that would have applied to the property if the property had been taxed in the previous year under this Part, shall be determined. 2. The adjusted commercial and residential mill rates shall be further adjusted in accordance with subsection (4) to reflect any decreases in the taxes needed for municipal purposes from the previous year to the current year for the property class the property is in. 1998, c. 3, s. 30. Municipal tax decreases (4)The following apply with respect to the adjustments, under paragraph 3 of subsection (2) and paragraph 2 of subsection (3), of the adjusted mill rates to reflect decreases in the taxes needed for municipal purposes for the property class the property is in: 1. If the property is not in an upper-tier municipality, the part of the mill rates, as adjusted, that were derived from mill rates for municipal purposes shall be decreased by the percentage decrease, if any, in the total amount to be raised for municipal purposes by property taxes from the previous year to the current year on property in the property class. 2. If the property is in an upper-tier municipality, i. the part of the mill rates, as adjusted, that were derived from mill rates for upper-tier purposes shall be decreased by the percentage decrease, if any, in the total amount to be raised for upper-tier purposes by property taxes from the previous year to the current year on property in the property class in the upper-tier municiplity, and ii. the part of the mill rates, as adjusted, that were derived from mill rates for lower-tier purposes shall be decreased by the percentage decrease, if any, in the total amount to be raised for lower-tier purposes by property taxes from the previous year to the current year on property in the property class in the lower-tier municipality. 3. For the purposes of determining, under paragraphs 1 and 2, the percentage decrease in the total amount to be raised by property taxes from one year to the next year on property in the property class, the following apply, i. for the comparison from 1997 to 1998, the total amount for 1997 shall be determined using the taxes levied for 1997 on all the property that, for 1998, is classified in the property class and the total amount for 1998 shall be determined using the taxes that would be levied for 1998, if this Part did not apply, on the same property, ii. for the comparison from 1998 to 1999 or from 1999 to 2000, the total amount for each year shall be determined using the taxes that would be levied for that year, if this Part did not apply, on all the property that, for that year, is classified in the property class. 1998, c. 3, s. 30; 1998, c. 33, s. 32 (2, 3). Regulations (5)The Minister may make regulations providing for decreases, in addition to those under subsection (4), in the mill rates for properties prescribed in the regulations in the circumstances prescribed in the regulations and modifying the application of subsection (4) with respect to other properties in the same property class as the prescribed properties. 1998, c. 3, s. 30.