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Commercial and Industrial Properties Tax Phase-In Bylaw
The Commercial and Industrial Properties Tax Phase-In Bylaw was established to provide for a phase-in tax plan for commercial and industrial properties for the years 2017 and 2018.
Overview
- The tax phase-in plan set out in this Bylaw will be implemented to phase in changes in property taxes resulting from the 2016 assessment.
- For 2017, each property within the Commercial and Industrial classification will be taxed at 1/3 of the tax increase or decrease resulting from the 2016 assessment.
- For 2018, each property within the Commercial and Industrial classification will be taxed at 2/3 of the tax increase or decrease resulting from the 2016 assessment.
- This tax phase-in plan does not apply to the following:
- Properties that were not assessed in 2016.
- Tax increases or decreases resulting from a change in mill rates due to the 2017 budgets for the City and other taxing authorities.
