APPENDIX "A"

O. Reg.282/98 under the Assessment Act, R.S.O. 1990, c.A.31,

Residential Communities

45.4 (1) For the purposes of this section, a residential community is composed of the following parcels of land located in the same immediate vicinity:

1. Residential lots, which are parcels of land in the community that are used for residential purposes and that are owned by persons who also own common land in the community.

2. Common land, which are parcels of land, i. that are parkland, pathways or other common amenities intended for the use of the owners of residential lots in the community, ii. that are owned by two or more persons, each of whom also owns a residential lot in the community, and iii. that are not subject to a condominium plan. O. Reg. 341/12, s. 1.

(2) The following rules apply to a residential community for the 2013 and subsequent taxation years: 1. The current value of a residential lot shall reflect the value that the common land in the community adds to the value of the residential lot. 2. The current value of common land is deemed to be zero. 3. No notice need be given under subsections 31 (1) or 35 (1) of the Act with respect to common land. O. Reg. 341/12, s. 1.