MattersFinanceFirst seen Aug 29, 2023Last discussed Sep 5, 2023
2024–2027 permissive tax exemptions
The proposed exemptions would reduce property taxes for listed community organizations and other eligible properties from 2024 through 2027. Staff estimated the exemptions at $258,873 in 2024 and $283,464 in 2025, representing tax revenue the City would forgo.
Where it stands: Staff were directed to prepare an exemption bylaw Sep 5, 2023; adoption is not shown.
Location
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Background
Earlier and later steps of the same initiative.
Timeline
Every time this matter appeared in council records, newest first.
Staff directed to prepare four-year exemption bylaw
Council recommended permissive tax exemptions for the properties listed for 2024-2027 and directed staff to prepare the necessary bylaw.
Decision: Directed staff to prepare a bylaw granting listed properties permissive tax exemptions for 2024-2027.
Passed 7–0
August 29, 2023· Advisory Committee
Committee recommends exemptions for listed properties
The Committee recommended permissive tax exemptions for all properties listed in the staff report for 2024–2027 and asked staff to prepare the necessary bylaw.
Decision: Rejected removing item 26 Plumbers & Pipefitters Building Society from the exemptions list.
Defeated
Decision: Directed staff to prepare the bylaw and recommended 2024-2027 permissive tax exemptions for listed properties.
Passed