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S.M. 1993, c. 52
The Municipal Assessment Amendment Act (2)
(Assented to July 27, 1993)
HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:
The Municipal Assessment Act is amended by this Act.
Section 68 is repealed and the following is substituted:
Phase-in of tax increase or decrease
Notwithstanding any provision to the contrary in this or any other Act, where a council determines that a general assessment done under section 9 results in an increase or decrease in taxation, whether in relation to separately assessed property or a class of property, that is unreasonable in the circumstances, the council may, by by-law, on such terms and conditions as the council sets out in the by-law, limit the amount of the increase or decrease for any one or more years beginning with the year of the general assessment and ending with the year preceding the next general assessment.
This Act comes into force on the day it receives royal assent.