bylaw-2037-24

THE CORPORATION OF THE TOWNSHIP OF LAIRD
By-law Number 2037-24

WHEREAS pursuant to Section 7 (2) of the Assessment Act, R.S.O. 1990, Chapter A. 31, as amended, sets out a list of classes as prescribed by the Minister for Assessment purposes, and;

WHEREAS pursuant to Section 308 (4) of the Municipal Act, 2001, S.O., c. 25, as amended requires Council of the Corporation of The Township of Laird to establish the tax ratios for each tax class for the year 2024, and;

WHEREAS pursuant to Section 308.1 (2) of the Municipal Act, 2001, S.O., c. 25, as amended restricts the tax ratios for Managed Forest to 0.25 and Section 308.1 (3) of the Municipal Act, S.O. c. 25, as amended restricts the tax ratio for Farm Property to 0.25, 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 Laird hereby enacts as follows:

1. THAT for the taxation year 2025 the tax ratio for property in the following classes will be:

   Property Class	Tax Ratio
   the residential/farm property class	1.0000
   the commercial property class	1.0579
   the industrial property class	0.9771
   the farmlands property class	0.2500
   the managed forest property class	0.2500

2. THAT this by-law repeals any and all by-laws previously passed for this purpose.

READ and passed on Open Council this 19th day of December 2024.