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MattersFinanceBYLAW 2208First seen Oct 7, 2024

Industrial development tax exemptions

The amendment adjusts tax exemptions for industrial development on the Speedway Lands, including properties on Millstream Road and former Hordon Road. It applies only to the municipal share of taxes on assessed value above 2021 levels, for five years in Area A and seven years in Area B; the Residential Area is excluded.

Where it stands: Third reading given Oct 7, 2024; final adoption is still pending.

Background

Earlier and later steps of the same initiative.

  1. Oct 20, 2025

    Industrial development tax exemption amendment

    The bylaw amends Langford’s revitalization tax exemption provisions for industrial development. Such exemptions affect the property taxes tied to qualifying industrial development; the materials provided do not specify the amendment’s exact changes.

Timeline

Every time this matter appeared in council records, newest first.

  1. October 7, 2024· Council

    Industrial tax-exemption amendment received three readings

    Passed 7–0

    Council approved the content and final wording. Adoption is the last step.