Local governments have the authority to exempt eligible properties from property taxation for a specified period. A permissive tax exemption can be granted to an eligible property through a bylaw at the discretion of the Council.
Applications for permissive tax exemptions should be submitted by May 31st of the year preceding the exemption taxation year to ensure that the permissive tax exemption bylaw can be adopted by October 31st.
Example Timeline:
- Tax Year: 2020
- Application Deadline: May 31, 2019
- Bylaw Adoption Deadline: October 31, 2019