M-14, r. 1 - Regulation respecting the registration of agricultural operations and the payment of property taxes and compensations

Section 10.1 Disposition versions

2014-07-24

10.1. The product referred to in the first paragraph of section 10 is the result of the multiplication of $0.05 per percentage point of gap greater than zero resulting from the difference between the value of the property assessment per hectare of the agricultural operation’s immovables referred to in the first paragraph of section 10 and the average of the values of property assessment per hectare of the immovables of the registered agricultural operations situated in the same administrative region as that agricultural operation divided by the same average; as of 1 January 2015, the amount of $0.05 is set at $0.015.

If the immovables of an agricultural operation are situated in more than one administrative region, the multiplication provided for in the first paragraph is calculated for each administrative region and the product corresponds to the average of the products per administrative region.

For the calculation of the product, the gap in percentage is rounded up to the nearest percentage.

The product may not exceed $7 and, as of 1 January 2015, $4.

O.C. 618-2014, s. 7.