THE CORPORATION OF THE TOWNSHIP OF NIPISSING

BY-LAW NUMBER 1220

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A By-law to Set Tax Ratios for Municipal Purposes for the Year 2008
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Whereas the Municipal Act, 2001, Section 308 (4) requires Council’s, to establish tax ratios;

And whereas the tax ratios determine the relative amount of taxation to be borne by each property class;

Now therefore the Council of the Corporation of the Township of Nipissing enacts as follows:

1. That for the taxation year 2008, the tax ratio for property in:

(A) the residential/farm property class is 1.000
(B) the commercial property class is 0.9083
(C) the farmlands property class is 0.2500
(D) the managed forest property class is 0.2500
(E) the industrial property class is 0.2698;

2. That this by-law shall come into force and take effect on the day of the final passing.

Read the first, second and third time and passed this 22nd day of April, 2008.

Mayor:

Clerk: