Tax Incentive for New Businesses

The Sexsmith Advantage Tax Incentive Program

 For new commercial tax assessment and residential developers, upon written request, Town Council may grant relief for the Municipal portion of tax in these amounts:

 New Commercial or Industrial Development

• 50% in the first full year of operation, and;
• 25% in the second and third years of full operation.

Newly Constructed Addition to an Existing Building on a Commercial or Industrial Property

• 25% in the first and second years of full operation.

Vacant Residential Land Being Held for Resale

• 75% in the first taxation year following subdivision;
• 50% in the second taxation year following subdivision , and;
• 25% in the third taxation year following subdivision.