Unorganized Territory added to a Municipality in 1998
24.(1)This section applies, for 1998, with respect to property that, on December 31, 1997, was in territory without municipal organization but that, in 1998, was part of a municipality set out in Table 6. O. Reg. 80/99, s. 9. (2)For the purposes of subsections 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 in 1998 shall be determined in accordance with the following:  where, “1997 commercial mill rate (school)” means the commercial mill rate for school purposes levied on the property for 1997; “Municipal proxy” means the amount determined under subsection (3). O. Reg. 80/99; s. 9; O. Reg. 234/99, s. 3 (1). (3)For the purposes of subsection (2), the Municipal proxy for a property shall be determined in accordance with the following:  where, “1997 municipal tax rate” means A divided by B where, A = 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 = the assessment set out in the assessment roll for 1998, as returned, for those properties; “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 in Table 4 for the unorganized portion of the municipality and property class the property is in; “1998 assessment (class)” means the assessment, as set out in the assessment roll for 1998, 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 1997, in territory without municipal organization. O. Reg. 234/99, s. 3 (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 shall be, (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. 234/99, s. 3 (2). (5)For the purposes of subsections 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 1998 shall be determined in accordance with the following:  where, “1997 residential mill rate (school)” means the residential mill rate for school purposes on the property for 1997; “Municipal proxy” means the mill rate determined under subsection (6). O. Reg. 234/99, s. 3 (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” equals A divided by B where, A = the total municipal taxes for 1997 on all property that, for 1998, is in the multi-residential property class and that was, in 1997, in territory without municipal organization, and B = the assessment set out in the assessment roll for 1998, as returned, for those properties; “1997 assessment (class)” means, (a) the assessment, as set out in the assessment roll for 1997 as most recently revised, for property that, in 1998, is in the multi-residential property class and that, in 1997 was in territory without municipal organization, or (b) if there is no assessment for 1997, the assessment, as set out in the assessment roll for 1998, as returned, for such property multiplied by the factor identified in Table 4 for the unorganized portion of the municipality for the multi-residential property class; “1998 assessment (class)” means the assessment, as set out in the assessment roll for 1998, as returned, for property in the multi-residential property class that was, in 1997, in territory without municipal organization. O. Reg. 234/99, s. 3 (2). (7)REVOKED: O. Reg. 234/99, s. 3 (2). (8)For the purposes of this section, “predecessor municipality”, in relation to a property in a municipality, means a municipality all or part of which, in 1998, forms part, for municipal purposes, of the municipality in which the property is located in 1998. O. Reg. 80/99, s. 9; O. Reg. 234/99, s. 3 (3).