Residential Incentives

PROPERTY TAX EXEMPTIONS

Effective August 1, 1994

HOUSING STARTS

Anyone building a new home will be provided tax exemptions on the improvements in the amount of:

100% for the balance of the calendar year in which the construction begins;
2/3 in the first full calendar year following the commencement of construction;
1/3 in the second full calendar year following the commencement of const ruction.

Anyone moving in a home or an RTM will be provided tax exemptions on the improvements in the amount of:

100% for the balance of the calendar year in which the house is moved in;
2/3 in the first full calendar year following the move;
1/3 in the second full calendar year following the move.

REQUIREMENT

Council may require that property owners receiving any property tax adjustments or assessments exemption, with regards to these policies, are in good standing with the Town. Any account(s) with the Town of Shaunavon are in a current position.

PROPERTY TAX ADJUSTMENTS RENOVATIONS

In each year council will consider abating a portion of the property taxes (or exempting the assessment) for those properties that meet the following requirements:

The building on the property has been improved, added to, or an accessory building constructed, so that the improvement portion of the assessment for that property has increased.
A building permit was applied for by the property owner or agent on behalf of the owner, prior to the work being done.

The abatement will be calculated as follows:

In the first full calendar year following the commencement of construction a tax abatement (or assessment exemption) will be done so that any increase in assessment does not increase the property owner(s) tax payment for that year.

In the year that construction is begun there will be no increase to the tax levy.

Email for more information

~~~~~~~~~~~~~~~~~

	Residential Incentives PROPERTY TAX EXEMPTIONS Effective August 1, 1994 HOUSING STARTS Anyone building a new home will be provided tax exemptions on the improvements in the amount of: 100% for the balance of the calendar year in which the construction begins; 2/3 in the first full calendar year following the commencement of construction; 1/3 in the second full calendar year following the commencement of const ruction. Anyone moving in a home or an RTM will be provided tax exemptions on the improvements in the amount of: 100% for the balance of the calendar year in which the house is moved in; 2/3 in the first full calendar year following the move; 1/3 in the second full calendar year following the move. REQUIREMENT Council may require that property owners receiving any property tax adjustments or assessments exemption, with regards to these policies, are in good standing with the Town. Any account(s) with the Town of Shaunavon are in a current position. PROPERTY TAX ADJUSTMENTS RENOVATIONS In each year council will consider abating a portion of the property taxes (or exempting the assessment) for those properties that meet the following requirements: The building on the property has been improved, added to, or an accessory building constructed, so that the improvement portion of the assessment for that property has increased. A building permit was applied for by the property owner or agent on behalf of the owner, prior to the work being done. The abatement will be calculated as follows: In the first full calendar year following the commencement of construction a tax abatement (or assessment exemption) will be done so that any increase in assessment does not increase the property owner(s) tax payment for that year. In the year that construction is begun there will be no increase to the tax levy. Email for more information
		~~~~~~~~~~~~~~~~~


\| Site Map \|Contact Us \|©2007 Abacus Computer Solutions