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Residential Tax Incentive

Effective: July 22, 2004

Amended:
June 11, 2008
March 5, 2014

Policy Statement:
The Town of Rocanville will provide a tax incentive program, applicable to the municipal and school property taxes (Section 298 of The Municipalities Act), for new residences based on the following criteria:

  1. The incentive shall apply to new constructions and ready-to-move residences.
  2. The incentive may apply to “used” homes moved into the Town of Rocanville, upon Council’s approval.
  3. The incentive does not apply to renovations of existing homes or to additions such as garages, decks or sheds.
  4. Year 1 - 100% Abatement – year construction begins
    Year 2 - 50% Abatement
    Year 3 - 50% Abatement
    Year 4 - 25% Abatement
    Year 5 - 25% Abatement
  5. The incentive applies to the annual levy only, not including local improvements, and will not be entered on the tax roll until the portion of taxes not eligible for a concession are paid. If taxes due are not received by December 31 of the current year, the incentive will not be granted for that calendar year.
  6. The property owner shall be eligible for the tax concession whether or not the property is occupied.
  7. The tax concession shall not continue beyond the 5th year.
  8. The tax concession may transfer to a new owner should the property be sold within the period of the agreement.
  9. The property owner is required to apply for the tax concession, in writing, prior to beginning construction.

Purpose:
To encourage residential development.