The Regional Municipality of Peel is designated for the purposes of section 310 of the Act. ;
(1) If a by-law of The Regional Municipality of Peel passed under section 310 of the Act delegating the authority to establish tax ratios for a year to its lower-tier municipalities comes into force, a lower-tier municipality shall, for that year,
use the tax ratios it establishes to calculate, with respect to each local municipality levy of the lower-tier municipality under section 312 of the Act, a separate tax rate on the assessment in each property class in the lower-tier municipality rateable for purposes of the local municipality levy; and
establish and levy, with respect to each upper-tier levy of The Regional Municipality of Peel under section 311 of the Act, a separate tax rate on the assessment in each property class in the lower-tier municipality rateable for purposes of the upper-tier levy sufficient to raise the lower-tier municipality’s portion of the upper-tier levy provided for under section 3. ;
The tax rates the lower-tier municipality establishes under clause (1) (b) must be in the same proportion to each other as the tax ratios established by the lower-tier municipality for the property classes are to each other.
Subsections 311 (7) to (9) and (22) to (25) of the Act apply with necessary modifications to the tax rates established by the lower-tier municipality under clause (1) (b) as if the lower-tier municipality were an upper-tier municipality.
An upper-tier levy by-law of The Regional Municipality of Peel under section 311 of the Act shall set out a lower-tier municipality’s portion of an upper-tier levy provided for under section 3 and shall not establish tax rates to be levied by the lower-tier municipality to raise the lower-tier municipality’s portion. ;
For the purposes of the upper-tier levy or any special upper-tier levy of The Regional Municipality of Peel under section 311 of the Act for a year, the portion to be raised in each lower-tier municipality shall be the portion set out in or determined by the method set out in the by-law of The Regional Municipality of Peel passed under section 310 of the Act delegating the authority to establish tax ratios for that year.
Omitted (revokes other Regulations).
Omitted (provides for coming into force of provisions of this Regulation).