234. For the purposes of section 232.2, the aggregate taxation rate of a local municipality for a fiscal year is the quotient obtained by dividing the amount established in accordance with paragraph 1 by that established in accordance with paragraph 2:
(1) the total amount of estimated revenues for the fiscal year from the taxes, compensations and modes of tariffing that will be imposed by the municipality, among those contemplated by the regulation made under paragraph 3 of section 263;
(2) the taxable property assessment of the municipality for the fiscal year.
For the purposes of section 233, the standardized aggregate taxation rate is obtained by standardizing the taxable property assessment referred to in subparagraph 2 of the first paragraph in the manner provided for in section 235.
1979, c. 72, s. 234; 1988, c. 76, s. 65; 1991, c. 32, s. 113; 1999, c. 40, s. 133; 2000, c. 54, s. 68.