https://barrie.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1110536&GUID=06CEC30A-6D15-4A51-A3FE-CC52AC72A054Legistar15https://barrie.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1110536&GUID=06CEC30A-6D15-4A51-A3FE-CC52AC72A05406CEC30A-6D15-4A51-A3FE-CC52AC72A054-2023-02-22-19-37-49Title: 2012 TAX RATIOS AND CAPPING POLICIES 1. That the tax ratios for the 2012 taxation year be established as follows: a) Residential/farm property class 1.000000 b) New Multi-residential 1.000000 c) Multi-residential 1.019675 d) Commercial 1.433126 e) Industrial 1.516328 f) Pipelines 1.103939 g) Farmlands 0.250000 h) Managed forest 0.250000 2. That the capping program be funded by clawing back decreases from within the affected property tax classes. 3. That the recommended capping parameters for commercial, industrial and multi-residential properties be established as follows: a) The property tax cap be set at an amount representing 10% of the previous year’s annualized taxes; b) Any property within +/- $250 of the Current Value Assessment (CVA) taxes be moved directly to CVA taxation; c) Any property that reaches the CVA level of taxation be removed from the capping program; and d) Exclude any property whose classification changes from capped to clawed back, or vice versa. 4. New construction thresholds be established as follows: a)Wed, 22 Feb 2023 19:37:49 GMT