s. 1
For the purposes of subsection 308 (8) of the Act, the allowable range for a tax ratio for a property class is set out in the following Table:
TABLE ALLOWABLE RANGES FOR TAX RATIOS
| Property class | Allowable range for tax ratio |
|---|---|
| Aggregate extraction property class | 0.6 to 1.1 |
| Commercial property class | 0.6 to 1.1 |
| Industrial property class | 0.6 to 1.1 |
| Landfill property class | 0.6 to 1.1 |
| Large industrial property class | 0.6 to 1.1 |
| Multi-residential property class | 1.0 to 1.1 |
| New multi-residential property class | 1.0 to 1.1 |
| Office building property class | 0.6 to 1.1 |
| Parking lots and vacant land property class | 0.6 to 1.1 |
| Pipe line property class | 0.6 to 0.7 |
| Professional sports facility property class | 0.001 to 1.1 |
| Resort condominium property class | 1.0 to 1.001 |
| Shopping centre property class | 0.6 to 1.1 |