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HE CORPORATION OF THE COUNTY OF ESSEX BY-LAW # 03-2000 A BY-LAW TO SET TAX RATIOS FOR THE CORPORATION OF THE COUNTY OF ESSEX AND ALL THE LOCAL MUNICIPALITIES WITHIN THE BOUNDARIES OF THE COUNTY OF ESSEX FOR THE YEAR 2000. WHEREAS it is necessary for the Council of the Corporation of the County of Essex, pursuant to Section 363 of the Municipal Act, Chapter M. 45 R.S.O. 1990, as amended by the Fair Municipal Finance Act, 1997 and the Fair Municipal Finance Act (No.2), 1997 and the Small Business and Charities Protection Act, 1998, and further amended by the Fairness for Property Taxpayers Act, 1998, to establish the tax ratios for 2000 for the Corporation of the County of Essex and the lower tier municipalities within the boundaries of the County of Essex; AND WHEREAS the tax ratios determine the relative amount of taxation to be borne by each property class; AND WHEREAS mandatory property classes have been prescribed by the Minister of Finance under Section 7 of the Assessment Act as amended by the Fair Municipal Finance Act, 1997 and the Fair Municipal Finance Act (No.2), ~997 AND WHEREAS the Small Business and Charities Protection Act, 1998 further amended the Assessment Act to allow optional property classes, as prescribed by the Minister of Finance, to be adopted; AND WHEREAS the Council of the County of Essex has adopted optional property classes as set out in By-law #51-99; AND WHEREAS the Fairness for Property Taxpayers Act, 1998 amended the Municipal Act by prohibiting a municipality from establishing a tax ratio for a property class for 1999 and 2000 that is different from the tax ratio for the property class for the previous year unless the property class is one of the commercial classes or industrial classes;