That Council
approve:
1.
The adoption of the following optional
property classes in 2020:
·
Shopping Centre property class
·
Parking lots and vacant land property class
·
Office building property class
·
Large industrial property class
·
New multi-residential property class
·
Professional sports facility property class
2.
The adoption of the following tax
ratios for 2020:
Property Class
|
Ratio**
|
Residential
|
1.00000
|
Multi-Residential
|
1.38599
|
New Multi-Residential
|
1.00000
|
Farm
|
0.20000
|
Managed Forest
|
0.25000
|
Pipe line
|
1.72083
|
Commercial Broad Class
|
1.82593
|
Commercial*
|
1.80192
|
Office Building*
|
2.23603
|
Parking Lots and Vacant Land*
|
1.21625
|
Shopping Centre*
|
1.45014
|
Professional Sports Facility
|
1.80192
|
Industrial Broad Class
|
2.38627
|
Industrial*
|
2.49776
|
Large Industrial*
|
2.14494
|
Landfill
|
2.76521
|
* including new
construction classes for Business Education Tax rate purposes.
** Subject to final
minor revisions upon Ontario Property Tax Analysis (OPTA) close-off.
3.
The adoption of the following tax
ratios and by-laws for the mandatory property subclasses and the tax rate
percentage reduction for farm land awaiting development:
·
Commercial excess land (i.e. commercial,
office building and shopping centre property
classes): 70% of the applicable commercial property class tax ratio;
·
Vacant industrial land, industrial and
large industrial excess land: 65% of the applicable industrial property
class tax ratio;
·
Farm land awaiting development subclass I:
75% of the residential property class tax ratio and the corresponding tax
rate percentage reduction for the awaiting residential, multi-residential,
commercial and industrial property classes;
·
Farm land awaiting development subclass
II: no tax rate reduction; and
·
Small-scale on farm business subclass: 25%
of the applicable commercial or industrial property class tax ratio for the
first $50,000 of assessment.
4.
That the tax rates for 2020 be
established based on the ratios adopted herein.
5.
That the 2020 capping and clawback provisions
be as follows:
·
That capping parameters be approved at the
higher of 10% of the previous year’s annualized tax or 5% of the 2020 Current
Value Assessment (CVA) taxes;
·
That capped or clawed back properties whose
recalculated annualized taxes fall within $250 of their CVA taxation be moved
to their CVA tax for the year and be excluded from any future capping
adjustments;
·
That properties that have reached their CVA
during the current year or crossed over from the clawed back category to the
capped category remain at CVA taxes and be excluded from any future capping
adjustments; and
·
That properties that cross over from the
capped category to the clawed back category remain subject to clawback
adjustments.
6.
That the property tax and water
mitigation programs previously approved by Council be continued for 2020 as
follows:
·
the Charitable Rebate Program;
·
the Farm Grant Program;
·
the Low-Income Seniors and Persons with
Disabilities Tax Deferral Program; and
·
the Low-Income Seniors and Persons with
Disabilities Water Deferral Program.
7.
That staff implement the technical
adjustments for the City of Ottawa prescribed in the property tax related
regulations made under the Municipal Act, 2001.
8.
That the $10.3 million in additional
tax revenue from additional growth identified through the application of the
technical adjustment be allocated as follows:
·
$1.8 million be used to offset the decrease
in Payment in Lieu of Taxes (PILT) revenues;
·
$3.5 million be contributed to the Transit
Services budget for 2020; and
·
$5 million be contributed to the Tax
Stabilization Reserve.
9.
That the interim 2021 property tax and
due date provisions be as follows:
·
That the interim 2021 property tax billing
be set at 50% of the 2020 adjusted/annualized taxes as permitted by
legislation;
·
That the following tax due dates be
approved for 2021:
i)
Interim: March 18, 2021;
ii)
Final: June 17, 2021;
·
That the penalty and interest percentage
charge on overdue and unpaid tax arrears remain at the rate of 1.25% per
month (15% per year) for 2021 unchanged from 2020; and
·
That Council enact a by-law to establish
the 2021 interim taxes, tax due dates, penalty and interest charges.
10.
That Council adopt an annual levy on
eligible institutions pursuant to Section 323 of the Municipal Act, 2001,
and Ontario Regulation 384/98 as follows:
·
$75 per full-time student in attendance at
universities and colleges, pursuant to Section 323 (1);
·
$75 per resident place in correctional
institutions, pursuant to Section 323 (2);
·
$75 per rated bed in public hospitals,
pursuant to Section 323 (3); and
·
$75 per student place in provincial
educational institutions, pursuant to Section 323 (5).
11.
That City Council Delegate authority to
the Chief Financial Officer to execute a new agreement between the National
Arts Centre Corporation and the City of Ottawa for annual ex gratia payments
made by the National Arts Centre, as further described in this report.
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