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THE CORPORATION OF THE COUNTY OF ESSEX <br /> BY-LAVA NUMBER 10-2012 <br /> A BY-LAW TO ESTABLISH TAX RATIOS FOR <br /> THE CORPORATION OF THE COUNTY OF <br /> ESSEX AND ITS CONSTITUENT <br /> MUNICIPALITIES FOR THE YEAR 2012 <br /> WHEREAS it is necessary for the Council of the Corporation of <br /> the County of Essex, pursuant to Section 308 of the Municipal <br /> Act, 2001, S.O. 2001, c.25 as amended, to establish tax ratios <br /> for the Corporation of the County of Essex and it's constituent <br /> lower tier municipalities for the 2012 taxation year; <br /> AND WHEREAS the tax ratios determine the relative amount of <br /> taxation to be borne by each property class; <br /> AND WHEREAS mandatory property classes have been <br /> prescribed by the Minister of Finance under Section 7 of the <br /> Assessment Act, R.S.Q. 1990, c. A.31, as amended; <br /> AND WHEREAS Section 2 (3.1) of The Assessment Act, R.S.O. <br /> 1990, c. A. 31, as amended, allows optional property classes, as <br /> prescribed by the Minister of Finance, to be adopted; <br /> AND WHEREAS the Council of the Corporation of the County of <br /> Essex has adopted optional property classes, as set out in By-law <br /> No. 57-2009; <br /> NOW THEREFORE the Council of the Corporation of the <br /> County of Essex hereby enacts as follows: <br /> 1. For the taxation year 2012, the tax ratio for property in; <br /> a) the residential property class is 1.000000; <br /> b) the multi-residential property class is 1.955400; <br /> c) the commercial property class is 1.082044; <br /> d) the parking lots/vacant land property <br /> class is 0.562000; <br /> e) the office building property class is 1.164000; <br /> f) the industrial property class is 1.942500; <br /> g) the large industrial property class is 2.686100; <br /> h) the farm property class is 0.250000; <br /> i) the pipelines property class is 1.303000; <br /> j) the managed forests property class is 0.250000. <br />