Property that Part applies to
447.37(1)This Part applies with respect to property in the commercial classes, the industrial classes and the multi-residential property class. No application if Part XXII.1 applies (2)This Part does not apply with respect to, (a) the commercial classes in a municipality if Part XXII.1 applies with respect to the commercial classes in the municipality; (b) the industrial classes in a municipality if Part XXII.1 applies with respect to the industrial classes in the municipality; (c) the multi-residential property class in a municipality if Part XXII.1 applies with respect to the multi-residential property class in the municipality. No application to unorganized territory (3)This Part does not apply to property in territory without municipal organization other than territory that is deemed to be attached to a municipality under section 56 of the Education Act or clause 58.1 (2) (m) of the Education Act. No application to farm land awaiting development (4)This Part does not apply with respect to property in the subclasses prescribed under paragraph 1 of subsection 8 (1) of the Assessment Act and, for the purposes of this Part, the commercial property class, the industrial property class and the multi-residential property class shall be deemed to not include property in those subclasses. Payments in lieu of taxes (5)This Part does not apply with respect to a property to which a payment in lieu of taxes relates and, for the purposes of this Part, the commercial classes, the industrial classes and the multi-residential property class shall be deemed to not include such property.This subsection does not affect the application of subsections (6) to (9) with respect to payments in lieu of taxes. 1998, c. 33, s. 37. Exception (5.1)Despite subsection (5), this Part applies to property in the commercial classes and in the industrial classes to which subsection 4 (3) of the Municipal Tax Assistance Act applies, and this Part applies with respect to the 1998 and subsequent taxation years. 1999, c. 9, s. 160. Regulations, payments in lieu of taxes (6)The Minister of Finance may make regulations, (a) varying the application of this Part as the Minister considers necessary or advisable as a result of the operation of subsection (5); (b) varying the amounts of payments in lieu of taxes to which this Part, but for subsection (5), would have applied; (c) prescribing circumstances or municipalities with respect to which subsection (5) does not apply, varying the application of this Part with respect to payments in lieu of taxes and varying the amounts of payments in lieu of taxes with respect to which this Part applies. Conflict (7)A regulation under subsection (6) varying the amount of a payment in lieu of taxes prevails over a provision of this or any other Act or regulation with which it conflicts. General or specific (8)A regulation under subsection (6) may be general or specific in its application and may treat different municipalities or different payments in lieu of taxes differently. Payments in lieu of taxes required (9)If an Act of Ontario or Canada or an agreement provides for, but does not require, a payment in lieu of taxes to be paid by the government of Ontario or Canada, a government agency of Ontario or Canada or any other person, the government, government agency or person is required, despite that Act or agreement, to pay the payment in lieu of taxes.This subsection applies with respect to payments in lieu of taxes with respect to which this Part, but for subsection (5), would have applied. Regulations, exemptions (10)The Minister of Finance may make regulations exempting property from the application of this Part. Exempt property deemed not in classes (11)The commercial classes, the industrial classes and the multi-residential property class shall be deemed, for the purposes of this Part, to not include property exempted from the application of this Part. General or specific (12)A regulation under subsection (10) may be general or specific in its application and may treat different municipalities and properties differently. 1998, c. 33, s. 37.