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TAX EXEMPTION POLICY
- The property of those nonprofit community, charitable, fraternal, educational, recreational, religious, cultural or sporting organizations which meet the eligibility criteria as outlined in Section 71 of the Municipal Government Act, which provide a service which might otherwise be the responsibility of Council, and which are listed in the attached Schedule “A” are hereby exempted from the payment of real property taxes including any applicable area rate levies.
- On the date that a property listed in the attached Schedule “A” ceases to meet the above-noted eligibility criteria, the said tax exemption shall also cease and the owner of the property shall immediately become liable for the real property taxes, or applicable portion thereof, on such property for the then current taxation year.
- This policy shall take effect commencing April 1, 2010.
SCHEDULE “A” TO THE TAX EXEMPTION POLICY
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