July 29 deadline to apply for property tax breaks for charities or revitalization

Charities, non-profits, and owners of all types of commercial or recreation zoned properties may qualify for tax exemptions in 2012 if they apply before July 29, this year.

  • Jun. 23, 2011 9:00 a.m.

Charities, non-profits, and owners of all types of commercial or recreation zoned properties may qualify for tax exemptions in 2012 if they apply before July 29, this year.

The “permissive” tax exemption applies to properties used by non-profits or charities, whether the registered society is the owner or a tenant whose lease requires taxes to be paid directly to the city.

The “revitalization” tax exemption is a separate program introduced by council last fall to encourage investment in renovations for local businesses, to stimulate the local economy.

To qualify, businesses must increase the taxable assessed value of their property at least $10,000 by virtue of the renovations alone.

Under the exemption, the increase in assessed value due to renovations won’t be taxed for five years. Another application at that time will qualify these businesses to have the full tax phased in over the following five years.

Information and application forms for both programs are available at city hall.

 

Just Posted

Remembering legendary ski builder Fred Bosinger

On Dec. 12 Western Canada lost a man who made a mark in its skiing community.

UPDATED: Body found in burnt-out car

Police report a body was found in the burnt out trunk of a 1999 Honda Civic

New Glade ferry enters testing phase

The Glade II will be able to carry heavier loads and will emit less greenhouse gases.

Kootenay Boundary remains in unusually dangerous avalanche period

Avalanche Canada says it expects snowpack conditions to get better soon

Genelle ‘vehicle incident’ under RCMP investigation

Regional firefighters respond to car fire Sunday night

B.C. cougar kitten rescued after mother struck by vehicle

Conservation Officers find home for young kitten found dehydrated and frostbitten near Williams Lake

Two Canadians, two Americans abducted in Nigeria are freed

Kidnapping for ransom is common in Nigeria, especially on the Kaduna to Abuja highway

Are you ready for some wrestling? WWE’s ‘Raw’ marks 25 years

WWE flagship show is set to mark its 25th anniversary on Monday

B.C. woman who forged husband’s will gets house arrest

Princeton Judge says Odelle Simmons did not benefit from her crime

Women’s movement has come a long way since march on Washington: Activists

Vancouver one of several cities hosting event on anniversary of historic Women’s March on Washington

Liberals’ 2-year infrastructure plan set to take 5: documents

Government says 793 projects totalling $1.8 billion in federal funds have been granted extensions

Workers shouldn’t be used as ‘pawns’ in minimum wage fight: Wynne

Comments from Kathleen Wynne after demonstrators rallied outside Tim Hortons locations across Canada

John ‘Chick’ Webster, believed to be oldest living former NHL player, dies

Webster died Thursday at his home in Mattawa, Ont., where he had resided since 1969

World’s fastest log car made in B.C. sells for $350,000 US

Cedar Rocket auctioned off three times at Barrett-Jackson Co., netting $350,000 US for veterans

Most Read