119. The values entered on the real estate assessment roll or on the roll of rental values in force in the applicant municipalities shall be adjusted from the date of the coming into force of the order.
The adjustment shall be made as follows: the values entered on a roll are divided by the median proportion of such roll and multiplied by that of the roll of the applicant municipality having the largest population. In the case of rolls coming into force on the same date, the median proportions used are those established for the first of the fiscal years for which they apply. Where such is not the case, the median proportions used are those established for the fiscal year in which the order comes into force.
The first and second paragraphs do not apply to values entered on the real estate assessment roll or on the roll of rental values in force in the applicant municipality having the largest population.
This section applies to the rolls of the fiscal year in which the order comes into force. It also applies to the rolls of any subsequent fiscal year if no assessment roll or roll of rental values taking the amalgamation into account is filed according to law at the office of the clerk or secretary-treasurer of the municipality.
Where the rolls of the applicant municipalities did not come into force on the same date, the first roll of the municipality resulting from the amalgamation must be made for the same fiscal years as those for which the next roll of the applicant municipality having the largest population would have been made, if the order had not come into force. Where the municipality resulting from the amalgamation has a population of less than 5 000 inhabitants and the equilibrations of the rolls provided for in sections 46.1 and 69.6 of the Act respecting municipal taxation (chapter F-2.1) are not made with the same frequency by all the applicant municipalities, the frequency applicable to the applicant municipality having the largest population applies to the municipality resulting from the amalgamation.
1988, c. 19, s. 119; 1988, c. 76, s. 91; 1990, c. 47, s. 5; 1991, c. 32, s. 246.