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11 <br />Page 3 0 0 <br />By -law Number 10 -2000 (cont'd) <br />PROPERTY CLASSES COUNTY TAX RATES <br />Commercial <br />Occupied <br />0.004181 <br />Vacant Unit/Excess Land <br />0.002927 <br />Vacant Lands (at Parldng state) <br />0.002197 <br />Parking Lots <br />0.002197 <br />Shopping Centre <br />0.007643 <br />Occupied <br />0.004555 <br />Vacant Unit/Excess Land <br />0.003189 <br />Office Building <br />0.005093 <br />Occupied <br />0.004550 <br />Vacant Unit/Excess Land <br />0.003185 <br />Industrial <br />Occupied <br />0.007593 <br />Vacant Unit/Excess Land <br />0.004935 <br />Vacant Land <br />0.004935 <br />Large Industrial <br />Occupied <br />0.010499 <br />Vacant Unit/Excess Land <br />0.006825 <br />Residential/Farm <br />0.003909 <br />Residential/Farm- Farmland 1 <br />0.000977 <br />Multi- Residential <br />0.007643 <br />Farmlands <br />0.000977 <br />Managed Forest <br />0.000977 <br />Pipeline <br />0.005093 <br />5. THAT the tax rate reductions for: <br />a) The vacant units and excess land subclasses in the commercial property <br />class is 30 %; <br />b) The vacant land, vacant units and excess land subclasses in the industrial <br />property class is 35 %; <br />C) The first subclass of farmland awaiting development in the residential/farm <br />property class is 75 %; <br />d) The first subclass of farmland awaiting development in all other classes <br />except residential/farm property class be calculated as follows: <br />% Reduction = 100 - [100 - Reduction (Res/Farmfl/Ratio of Tax Rates where, <br />Reduction(Res/Farm) means the percentage reduction for the municipality for the <br />first subclass for the residential/farm property class, <br />Ratio of Tax Rates means the amount equal to the tax rate for the property class <br />divided by the tax rate for the residential/farm property class, <br />