F-2.1, r. 2 - Regulation respecting compensations in lieu of taxes

Section 5.2 Disposition versions

2022-01-01

5.2. For the purpose of establishing the aggregate taxation rate, the taxable values taken into consideration are those entered on the local municipality’s summary of the property assessment roll produced in accordance with section 12 of the Regulation respecting the real estate assessment roll (chapter F-2.1, r. 13) or, if the local municipality provides for the averaging of the variation in the taxable values in accordance with Division IV.3 of Chapter XVIII of the Act in respect of the local municipality’s property assessment roll, the taxable values on the date of deposit of the local municipality’s collection roll.

O.C. 126-2010, s. 1; O.C. 1569-2021, s. 2.

2012-09-01

5.2. The increase factor referred to in the second paragraph of section 5 is equivalent to the highest between 1 and the quotient obtained as follows:

(1)  multiply the divisor total established in accordance with subparagraph 2 of the first paragraph of section 5.1 by the effective aggregate taxation rate established for the last fiscal year to which the preceding roll applied;

(2)  multiply the total to be divided established in accordance with subparagraph 1 of the first paragraph of section 5.1 by the effective aggregate taxation rate established, without taking into account the application of Division IV.3 of Chapter XVIII and section 261.5.10 of the Act, for the first fiscal year to which the current roll applies;

(3)  subtract the product obtained in paragraph 1 by the product obtained in paragraph 2;

(4)  multiply the divisor total established in accordance with subparagraph 2 of the first paragraph of section 5.1 by the weighted aggregate taxation rate established for the last fiscal year to which the preceding roll applied;

(5)  subtract the difference obtained in paragraph 3 from the product obtained in paragraph 4;

(6)  divide the product obtained in paragraph 4 by the difference obtained in paragraph 5.

O.C. 126-2010, s. 1.