The Rural Voice, 1982-11, Page 41GREY/FEDERATION (cont.)
government has been committed to a property tax reform.
The present proposal which has been studied in depth by both
O.F.A. and affiliated County Federations is, in its simplest
terms, as follows:
A re -assessment of farms would result in two separate
assessments and tax bills for each farm. One would
include all the farm land, farm buildings and structures,
the other would be the farm residence.
A farmer would receive a total rebate on the taxes
for the farm and its farm buildings and would pay the
tax bill on the farm residence in the same manner as any
town or urban resident.
To qualify for the rebate on the farm land,it would be
necessary to gross $12,000.00 a year with the farm
enterprise.
The Government also proposes that this amount
would be indexed, so that it would increase over the
years in accordance with the published Farm Price
Index.
Changes to the nex taxes paid on any farm will
depend on the relative assessment value of the farm
house compared to the assessment on the farm land and
buildings. Under this proposal, the typical farm in Grey
County would receive a small saving in taxes; those
receiving the higher rebate will be the farms with large
acreages and extensive farm buildings.
Under this proposal the rebates paid would be
re -distributed and increased by an estimated $15 million
province wide.
Although we are unable to describe the program in
detail here, we have discussed the most important
provisions.
DAVI DSON
Well Drilling Ltd.
"82 YEARS EXPERIENCE"
Member of Canadian and
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Municipal
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Wingham
357-1960
Alroi
II{ 7 111r
P.O. Box 486
475 Josephine
"SERVING ONTARIO SINCE 1900"
�I
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FARMERS
We are ready to handle your 1982
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DITSCH
J.
FARMS LTD.
R R 3 Brussels
ATWOOD 356-2292
Brussels
Listowel
Newry
RESIDENCE , R.R. 2, WROXETER
335-6457
THE RURAL VOICE / NOVEMBER 1982 PG 41