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Tax Incentive For
Non-Residential Property (Multi-Year)
The Town of Sexsmith offers a Multi-Year
Tax Incentive through Bylaw 1105, which provides eligible
non-residential property owners with a full or partial exemption from the
municipal portion of property taxes to encourage development and
revitalization.
Eligibility
Requirements
To be considered for the
Multi-Year Tax Incentive, the following conditions apply:
- The
property is located within the Town of Sexsmith.
- The
property is non-residential.
- The
application relates to qualifying development, including:
- new
construction,
- additions
to existing buildings, or
- significant
improvements or redevelopment.
- Eligible
non-residential property must be the site of proposed Development the
completion of which is expected to result in an increase in assessed
value of the property by $10,000,000.00 or more.
- Meets
the eligibility criteria outlined in Schedule “A” of Bylaw 1105.
How to Apply
- Applications
must be submitted by the property owner.
- A
complete application must be provided in a form satisfactory to the Chief
Administrative Officer (CAO).
- Complete
applications are referred to Council for consideration.
Important Information
- Tax
incentives may be granted for up to eight (8) years.
- Incentives
apply to the municipal portion of property taxes only.
Contact
For further information or to
discuss a potential application, please contact the Sexsmith Town Office:
Bylaw No. 1105 Multi Year Tax Incentive Bylaw.
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