Unorganized Territory Added to a Municipality in 2000
24.4(1)This section applies, for 2000, with respect to property that, on December 31, 1999, was territory without municipal organization but that, on January 1, 2000, was part of a municipality set out in Table 6.2. O. Reg. 363/00, s. 2. (2)For the purposes of subsection 447.47 (1) and 447.59 (1) of the Act, the 1997 commercial mill rate for a property in one of the commercial or industrial classes shall be equal to the sum of the commercial mill rate for school purposes levied on the property for 1997, plus one-third of the municipal proxy determined under subsection (3). O. Reg. 363/00, s. 2. (3)For the purposes of subsection (2), the municipal proxy for a property shall be determined in accordance with the following:  where, “1997 assessment (class)” means, (a) the assessment, as set out in the assessment roll for 1997 as most recently revised for property that, (i) for 1998, is in one of the commercial or industrial classes and not subject to a tax reduction under section 368.1 of the Act, and (ii) in 1997, was in territory without municipal organization, or (b) if there was no such assessment for 1997, the assessment, as set out in the assessment roll for 1998, as returned, for the property, multiplied by the factor identified on Table 4 for the unorganized portion of the municipality and property class the property is in; “1997 municipal tax rate” means A divided by B, where, A is the total municipal taxes for 1997 on all property that, for 1998, i. is in one of the commercial classes or industrial classes, ii. is not subject to a tax reduction under section 368.1 of the Act, and iii. in 1997, was in one or more predecessor municipalities, and B is the total assessment set out in the assessment roll for 1998, as returned, for those properties; “2000 assessment (class)” means the assessment, as set out in the assessment roll for 2000, as returned, for property that, (a) is in one of the commercial or industrial classes not subject to a tax reduction under section 368.1 of the Act, and (b) was, in 1999, in territory without municipal organization; “predecessor municipality” means, in relation to property, a municipality that existed in 1997 all or part of which in 2000 forms, for municipal purposes, part of the municipality in which the property is located in 2000. O. Reg. 363/00, s. 2. (4)For the purposes of subsections 447.47 (1) and 447.59 (1) of the Act, the 1997 residential mill rate for property that is in one of the commercial or industrial classes and that is subject to a tax reduction under section 368.1 of the Act is, (a) the 1997 residential mill rate determined under subsection (5), if the territory without municipal organization in which the property was located contained property in the multi-residential property class; and (b) 85 per cent of the commercial mill rate determined under subsection (2), otherwise. O. Reg. 363/00, s. 2. (5)For the purposes of subsection 447.47 (1) and 447.59 (1) of the Act, the 1997 residential mill rate for a property in the multi-residential property class in 1999 shall be equal to the sum of the residential mill rate for school purposes levied on the property for 1997, plus one-third of the municipal proxy determined under subsection (6). O. Reg. 363/00, s. 2. (6)For the purposes of subsection (5), the municipal proxy for a property shall be determined in accordance with the following:  where, “1997 municipal tax rate” and “1997 assessment (class)” have the same meaning as in subsection 24 (3); “2000 assessment (class)” means the assessment, as set out in the assessment roll for 2000, as returned, for property in the multi-residential property class that was, in 1997, in territory without municipal organization. O. Reg. 363/00, s. 2. Adjustments to Reduce Surpluses or Deficiencies Arising from the Application of Division B of Part XXII.2 of the Act