Regulation - Minister
Various Property Tax Regulations - Technical Amendments
Regulation Number(s):
60/12
61/12
62/12
63/12
400/98
73/03
385/98
61/12
62/12
63/12
400/98
73/03
385/98
Instrument Type:
Regulation - Minister
Bill or Act:
Various
Summary of Decision:
Ontario Regulations 60/12, 61/12, 62/12, and 63/12 were approved by the Minister and filed on April 26, 2012.
Further Information:
O.Reg. 400/98
O.Reg. 60/12
O.Reg. 61/12
O.Reg. 73/03
O.Reg. 62/12
O.Reg. 385/98
O.Reg. 63/12
O.Reg. 121/07
Education Act
Municipal Act
City of Toronto Act, 2006
Proposal Number:
12-MOF006
Posting Date:
Summary of Proposal:
O. Reg. 60/12 made under the Education Act, amending O. Reg. 400/98:
This regulation amendment sets residential and business education tax rates for 2012.
O. Reg. 61/12 made under the Municipal Act, 2001, amending O. Reg. 73/03:
This amendment allows municipalities to continue to apply a levy increase on restricted classes of up to 50% of the residential levy increase.
O. Reg. 62/12 made under the Municipal Act, 2001, amending O. Reg. 385/98:
This regulation amendment continues to allow municipalities to set their own transition tax ratios to offset the impacts of reassessment, based on a prescribed formula.
O. Reg. 63/12 made under the City of Toronto Act, 2006, amending O. Reg. 121/07:
This amendment allows City of Toronto to continue to apply a levy increase on restricted classes of up to 50% of the residential levy increase.
It also allows the municipality to continue to set its own transition tax ratios to offset the impacts of reassessment, based on a prescribed formula.
This regulation amendment sets residential and business education tax rates for 2012.
O. Reg. 61/12 made under the Municipal Act, 2001, amending O. Reg. 73/03:
This amendment allows municipalities to continue to apply a levy increase on restricted classes of up to 50% of the residential levy increase.
O. Reg. 62/12 made under the Municipal Act, 2001, amending O. Reg. 385/98:
This regulation amendment continues to allow municipalities to set their own transition tax ratios to offset the impacts of reassessment, based on a prescribed formula.
O. Reg. 63/12 made under the City of Toronto Act, 2006, amending O. Reg. 121/07:
This amendment allows City of Toronto to continue to apply a levy increase on restricted classes of up to 50% of the residential levy increase.
It also allows the municipality to continue to set its own transition tax ratios to offset the impacts of reassessment, based on a prescribed formula.
Contact Address:
777 Bay Street
Toronto, ON
M5G 2C8
Toronto, ON
M5G 2C8
Effective Date:
April 26, 2012
Decision:
Approved