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THE CORPORATION OF THE COUNTY OF ESSEX <br />BY -LAW NUMBER 26 -2004 <br />A BY -LAW TO SET TAX RATIOS FOR THE <br />CORPORATION OF THE COUNTY OF ESSEX <br />AND ALL THE LOCAL MUNICIPALITIES <br />WITHIN THE BOUNDARIES OF THE COUNTY <br />OF ESSEX FOR THE YEAR 2004 <br />WHEREAS it is necessary for the Council of the Corporation of the County of <br />Essex, pursuant to Section 308 of the Municipal Act, 2001, S.O. 2001, c.25 as <br />amended, to establish tax ratios for 2004 for the Corporation of the County of Essex <br />and the lower tier municipalities within the boundaries of the County of Essex; <br />AND WHEREAS the tax ratios determine the relative amount of taxation to <br />be borne by each property class; <br />AND WHEREAS mandatory property classes have been prescribed by the <br />Minister of Finance under Section 7 of the Assessment Act, R.S.O. 1990, c. A.31, as <br />amended; <br />AND WHEREAS Section 2 (3.1) of The Assessment Act, R.S.O. 1990, c. A. <br />31, as amended, allows optional property classes, as prescribed by the Minister of <br />Finance, to be adopted; <br />AND WHEREAS the Council of the County of Essex has adopted optional <br />property classes as set out in By -law Number 25 -2004; <br />NOW THEREFORE the Council of the Corporation of the County of <br />Essex hereby enacts as follows: <br />For the taxation year 2004, the tax ratio for property in: <br />a) <br />the residential/farm property class is <br />1.0000; <br />b) <br />the multi - residential property class is <br />1.9554; <br />C) <br />the commercial property class is <br />1.0697; <br />d) <br />the parking lots /vacant land property class is <br />0.5620; <br />e) <br />the shopping centre property class is <br />1.1654; <br />f) <br />the office building property class is <br />1.1640; <br />g) <br />the industrial property class is <br />1.9425; <br />h) <br />the large industrial property class is <br />2.6861; <br />i) <br />the farmlands property class is <br />0.2500; <br />j) <br />the pipelines property class is <br />1.3030; <br />k) <br />the managed forest property class is <br />0.2500. <br />