TAX MATTERS - ALLOWABLE RANGES FOR TAX RATIOS

1. For the purposes of subsection 308 (8) of the Act, the allowable range for a tax ratio for a property class is set out in the following Table: TABLE ALLOWABLE RANGES FOR TAX RATIOS Property class Allowable range for tax ratio Aggregate extraction property class 0.6 to 1.1 Commercial property class 0.6 to 1.1 Industrial property class 0.6 to 1.1 Landfill property class 0.6 to 1.1 Large industrial property class 0.6 to 1.1 Multi-residential property class 1.0 to 1.1 New multi-residential property class 1.0 to 1.1 Office building property class 0.6 to 1.1 Parking lots and vacant land property class 0.6 to 1.1 Pipe line property class 0.6 to 0.7 Professional sports facility property class 0.001 to 1.1 Resort condominium property class 1.0 to 1.001 Shopping centre property class 0.6 to 1.1 O. Reg. 96/17, s. 1; O. Reg. 509/24, s. 1.