|
Home
JOSH
KLUKIE
MEMORIAL
FUNDRAISER
Saturday,
August 09, 2008
12
p.m. to 4 p.m.
MacGregor
Rec Centre – 800 Lakeshore Drive
- Web
Site last updated:
- December 20, 2006 10:56 AM
|
| |
FINANCIAL INFORMATION
1998 and 1999 were years of unprecedented change throughout the Province of Ontario in the way properties are assessed and taxed.
The Ontario government introduced a system of assessment by which every property is assessed and taxed on the basis of its actual current market value (AVA) which will be updated annually. The effect of this change is that the owners' properties, which have been
under valued, will experience an increase in their taxes relative to other properties in the same class (i.e. residential, commercial, industrial…). Those whose properties were previously overvalued will experience a relative reduction.
The rate at which properties are taxed is no longer expressed as a mill rate. It is now called a tax rate which is a percentage of the assessed value expressed to six decimal places.
Below is a schedule of the 2005 tax rates for the various classes of properties in the
Municipality of Shuniah .
Question regarding the rates of taxation may be directed to the
Municipality Office.
Municipality of Shuniah
|
|
|
|
|
Rates of Taxation on Property for
2005 |
|
|
|
|
|
Municipal
|
|
Education
|
|
Total
|
|
Taxes =
|
|
|
Property Class
|
Rate
|
|
Rate
|
|
Rate
|
|
Assessment X
|
|
|
|
|
Residential
|
0.751817 |
%
|
0.296000 |
%
|
1.047817 |
%
|
0.01047817 |
|
|
Multi-residential
|
1.167497 |
%
|
0.296000 |
%
|
1.463497 |
%
|
0.01463497 |
|
|
Commercial - occupied
|
1.286961 |
%
|
3.113323 |
%
|
4.400284 |
%
|
0.04400287 |
|
|
Commercial - excess land
|
0.900873 |
%
|
2.179326 |
%
|
3.080199 |
%
|
0.03080199 |
|
|
Commercial - vacant land
|
0.900873 |
%
|
2.179326 |
%
|
3.080199 |
%
|
0.03080199 |
|
|
Industrial - occupied
|
1.977873 |
%
|
3.710951 |
%
|
5.709155 |
%
|
0.05709155 |
|
|
Industrial - excess land
|
1.285232 |
%
|
2.425719 |
%
|
3.710951 |
%
|
0.03710951 |
|
|
Pipeline
|
1.355527 |
%
|
2.882301 |
%
|
4.237828 |
%
|
0.04237828 |
|
|
Farmlands
|
0.187954 |
%
|
0.074000 |
%
|
0.261954 |
%
|
0.00261954 |
|
|
Managed Forests
|
0.187954 |
%
|
0.074000 |
%
|
0.261954 |
%
|
0.00261954 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Rates of Taxation on Utility & Railways Lands for
2005 |
|
|
|
|
|
Municipal
|
|
Education
|
|
Total
|
|
|
|
Per Acre
|
|
Per Acre
|
|
Per Acre
|
|
|
|
Property Class
|
Rate
|
|
Rate
|
|
Rate
|
|
|
|
|
|
Hydro One
|
122.15
|
|
149.75
|
|
271.90
|
|
|
|
|
Canadian National Railways
|
35.26 |
|
15.43 |
|
50.69
|
|
|
|
|
Canadian Pacific Railways
|
35.26 |
|
15.43 |
|
50.69 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|