Act
Property Tax Regulations for 2013
Regulation Number(s):
Instrument Type:
Act
Bill or Act:
Various
Summary of Decision:
Approved
Further Information:
O.Reg. 337/12
O.Reg. 338/12
O.Reg. 339/12
O.Reg. 340/12
O.Reg. 282/98 (Assessment Act)
City of Toronto Act
Municipal Act
O.Reg. 341/12
O.Reg. 342/12
O.Reg. 343/12
Assessment Act
Proposal Number:
13-MOF001
Posting Date:
Summary of Proposal:
O. Reg. 337/12 made under the Assessment Act, amending O. Reg. 282/98:
- This amendment ensures existing provisions for the phase-in of assessment increases will apply to the next four years of the phase-in: 2013 ? 2016.
- This amendment also clarifies technical details related to the phase-in.
O. Reg. 338/12 made under the Assessment Act, amending O. Reg. 282/98:
- This amendment sets assessment and depreciation rates for the pipe line property class, for the taxation years: 2013 - 2016.
O. Reg. 339/12 made under the Assessment Act, amending O. Reg. 282/98:
- This regulation prescribes a regulated rate per acre that the Municipal Property Assessment Corporation uses to determine the assessed value of managed forests lands.
O. Reg. 340/12 made under the Assessment Act, amending O. Reg. 282/98:
- This regulation prescribes the types of non-burial activities on cemeteries that will be exempt from property taxation.
O. Reg. 341/12 made under the Assessment Act, amending O. Reg. 282/98
- This regulation incorporates the value of a common lot into the assessment of the related residential lots where owners of residential / cottage properties also own a percentage interest in a nearby parcel of land set aside for the common use of residents. (Similar to the treatment of common elements in residential condominiums.)
O. Reg. 342/12 made under the Municipal Act, 2001, amending O. Reg. 73/03:
- The amendment clarifies the capping rules for properties that have a change in classification. This includes changes that have properties going from single-use to mixed-use or going from mixed-use to single-use.
O. Reg. 343/12 made under the City of Toronto Act, 2006, amending O. Reg. 121/07:
- The amendment clarifies the capping rules for properties that have a change in classification. This includes changes that have properties going from single-use to mixed-use or going from mixed-use to single-use.
- This amendment ensures existing provisions for the phase-in of assessment increases will apply to the next four years of the phase-in: 2013 ? 2016.
- This amendment also clarifies technical details related to the phase-in.
O. Reg. 338/12 made under the Assessment Act, amending O. Reg. 282/98:
- This amendment sets assessment and depreciation rates for the pipe line property class, for the taxation years: 2013 - 2016.
O. Reg. 339/12 made under the Assessment Act, amending O. Reg. 282/98:
- This regulation prescribes a regulated rate per acre that the Municipal Property Assessment Corporation uses to determine the assessed value of managed forests lands.
O. Reg. 340/12 made under the Assessment Act, amending O. Reg. 282/98:
- This regulation prescribes the types of non-burial activities on cemeteries that will be exempt from property taxation.
O. Reg. 341/12 made under the Assessment Act, amending O. Reg. 282/98
- This regulation incorporates the value of a common lot into the assessment of the related residential lots where owners of residential / cottage properties also own a percentage interest in a nearby parcel of land set aside for the common use of residents. (Similar to the treatment of common elements in residential condominiums.)
O. Reg. 342/12 made under the Municipal Act, 2001, amending O. Reg. 73/03:
- The amendment clarifies the capping rules for properties that have a change in classification. This includes changes that have properties going from single-use to mixed-use or going from mixed-use to single-use.
O. Reg. 343/12 made under the City of Toronto Act, 2006, amending O. Reg. 121/07:
- The amendment clarifies the capping rules for properties that have a change in classification. This includes changes that have properties going from single-use to mixed-use or going from mixed-use to single-use.
Contact Address:
777 Bay St.
Toronto, ON
M5G 2C8
Toronto, ON
M5G 2C8
Royal Assent Date:
November 5, 2012
Decision:
Approved