615 Definitions For This Part

• 615 In this Part
• “property status declaration” means a property status declaration required under section 618(a);
• “residential property”, subject to any applicable regulations, means real property classified as class 1 property (residential) under the Assessment Act;
• “status”, in relation to a residential property, means whether the property is any of the following, as applicable:

• (a) in a category of residential property that is exempt under section 617(f) from the vacancy tax;
• (b) vacant property;
• (c) taxable property;

• “taxable property”, in relation to a vacancy tax, means residential property that is all of the following:

• (a) vacant property;
• (b) not exempt from taxation under section 373;
• (c) not in a category of residential property that is exempt under section 617(f) from the vacancy tax;

• “vacancy reference period” means a period of time specified by a vacancy tax by-law for the purpose of determining whether residential property was unoccupied during the period such that it is vacant property;
• “vacancy tax” means a tax imposed on taxable property by a vacancy tax by-law;
• “vacancy tax by-law” means a by-law under section 616(1);
• “vacant property” means residential property that is unoccupied during the vacancy reference period for at least the total length of time specified by a vacancy tax by-law and in the circumstances established in the vacancy tax by-law.

2016-27-1.