F-2.1, r. 11 - Regulation respecting the equalization scheme

Section 23 Disposition versions

2012-09-01

23. The weighting factor for the year of reference is the difference obtained by subtracting the second of the following numbers from the first:

(1)  the first number is 1;

(2)  the number to be subtracted from the first is the quotient obtained by dividing the second of the following amounts by the first:

(a)  the divisor is equal to 4% of the median of the average value of the dwellings established, for the year of reference, in accordance with Subdivision 4 of Division III of Chapter II;

(b)  the dividend is obtained by subtracting from the average value of the municipality’s dwellings established, for the year of reference, in accordance with Subdivision 3 of Division III of Chapter II, the median of the average value of the dwellings established, for that year, in accordance with Subdivision 4 of Division III of Chapter II.

If the quotient thus obtained is zero or a negative number, it is deemed to be equal to zero. If the quotient is positive but greater than 1, it is deemed to be equal to 1.

The quotient obtained under subparagraph 2 of the first paragraph and the weighting factor established under that paragraph must contain 6 decimals.

O.C. 661-2008, s. 23.