Appendix B
2020 Start Ratios and Provincial Ranges of Fairness
| Tax Class | 2020 Start Ratios |
Provincial Range of Fairness |
Provincial Threshold |
Subject to Levy Restriction |
|---|---|---|---|---|
| Residential | 1.000000 | |||
| Farm | 0.250000 | 0.0 – 0.25 | N/A | |
| Pipeline | 1.928249 | 0.6 – 0.7 | N/A | |
| New Multi-Residential | 1.000000 | |||
| Multi-Residential | 2.000000 | 1.0 – 1.1 | 2.0** | No |
| *Commercial – Broad Class | 1.979652 | 0.6 – 1.1 | 1.98 | No |
| Commercial | 2.017813 | |||
| Office Building | 2.017813 | |||
| Shopping Centre | 2.017813 | |||
| Vacant Land- Commercial/Parking Lot |
1.016719 | |||
| *Industrial – Broad Class | 2.621115 | 0.6 – 1.1 | 2.63 | No |
| Industrial | 2.320000 | |||
| Large Industrial | 2.938100 |
*it is the commercial and industrial broad class that is compared to the provincial threshold when determining if levy restrictions apply
** previous threshold was 2.74, changed implemented in 2017