Municipal Revitalization Tax Exemptions

A municipal council may, by bylaw, exempt specific properties from municipal property value taxes for up to 10 years in order to encourage economic, social or environmental revitalization within a community.

A municipal council generally provides a revitalization tax exemption to targeted areas within the community or to targeted properties, activities or circumstances in order to economically, socially or environmentally revitalize an individual property or area of the municipality (for example, economically revitalizing a derelict neighbourhood).

Municipal revitalization tax exemptions do not trigger exemptions from school and other provincial property taxes (i.e. the exemption only applies to municipal taxes).

Tax Exemption Policies & Procedures

All municipalities are required to develop overarching objectives and policies within their five-year financial plans in relation to the use of permissive tax exemptions.