261.4. For the purposes of paragraph 8 of section 261.1, the standardized aggregate taxation rate is the rate established, in accordance with the regulation made pursuant to paragraph 7 of section 262, on the basis of the data contained in the budget of the local municipality for the fiscal year prior to the fiscal year for which the standardized property value is calculated.
1991, c. 32, s. 152; 1999, c. 40, s. 133.