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COUNCIL OF THE CORPORATIONOF TH
VER PAIPOONGE ENACTS AS FOLLOWS:
THE CORPORATION OF THE MUNICIPALITY
OF OLIVER PAIPOONGE
BY-LAW NO. 60-2026
A by--lawto set tax ratios and to set the tax rate reductions forprescribed
properly
subclassesformunicipalpurposes for the year 2026
WHEREAS it is necessary for the Councilof The Corporation of the Municipality of
Oliver Paipo
reinafter referred to as "The Corporation"), pursuant to Section 308
of the Munic
2001.0.25.as amende< to establish the tax ratios for 2026;
AND WHEREAS the tax ratios determine the relative amount of taxation to be borne by
each property class;
AND
the property classes have been prescribed
nister of Finance
pursu
7.2 ofthe Assessment Act R.S.0. 1990, as
;
AND WHEREAS it is necessary for the Council of The Corporation, pu
Sectio
n
313 of the Municipal Act, 2001 to establish tax reductionsfor prescribed
subclasses for 2026;
AND WHEREAS the property subclasses for
rate reductions are to be
establishedare in accordance with Section 8 o
sment Act,
AND WHEREAS the tax rate reductions reduce the tax rates that would otherwisebe
levied for municipal purposes;
FORE THE
E
TY OF OLI
1. THAT for the taxation year 2026, the tax ratio for property in:
a) the residentialproperty class shall be 1.0000;
b) the multi--residential
property class shall be 1.669494;
c)
the new multi-residentialproperty class shall be 1.10000;
d) the commercialproperty class shall be 1.501003;
e) the industrialproperty class shall be 2.211563;
0
the pipelineproperty class shall be 1.832211;
g) the farmlandsproperty class shall be 0.25000;
h) the managed forest property class shall be 0.25000;
i)
the land?ll class shall be 1.498977.
The commercialproperty
5 include
shapp'mgcenll'E properly.
parking
Ha chard.
2. THAT for the purposes of this By-Law:
a)
clas
5 all commercialof?ce property,
and
lot property.
b) The industrial property class includesall large industrialproperty.
3. THAT this By-Law shall come into force and take effect on the date of its ?nal
passing.
Enacted and passedthis 14''1day of July, AD. 2026 as witnessed by the Seal of the Corporation
and the hands of its proper Of?cers.
THE CORPORATION OF THE
MUNICIPALITYOF OLIVER PAIPOONGE
Mayor Lucy Kloosterhuis
Wayne
CAO/Clerk