171. In case of the annexation of the whole territory of a municipality, the values entered on the real estate assessment roll or on the roll of rental values in force in the annexed area shall be adjusted from the date of coming into force of the annexation.
The adjustment shall be made as follows: the values entered on any roll are divided by the median proportion of the roll and multiplied by that of the roll of the annexing municipality. In the case of three-year rolls, the median proportions used are those established for the first of the fiscal years for which they apply.
In case of the annexation of only part of the territory of a municipality or the annexation of an unorganized territory, the first and second paragraphs apply to the values of the immovables or places of business situated in the annexed area.
The first three paragraphs do not apply where the three-year rolls of two municipalities whose territory is affected by the annexation are not synchronized or where the fiscal year in which the order comes into force is at the same time the fiscal year for which the annual roll of those municipalities applies and the second or third fiscal year for which the three-year roll of another municipality applies.
This section applies to the rolls of the fiscal year in which the annexation comes into force. It also applies to the rolls of any subsequent fiscal year if no real estate assessment roll or roll of rental values taking the annexation into account is filed according to law at the office of the clerk or secretary-treasurer of the annexing municipality.
1988, c. 19, s. 171; 1988, c. 76, s. 92; 1990, c. 47, s. 13.