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Revitalization Tax Exemption policy details and eligibility
The policy, first adopted in 2009 and amended in 2012, offers tax relief to owners of multi family and certain commercial projects within district bounds that cost $1 million or more in new construction or reconstruction. New changes dated Dec 3 2012 apply to eligible lands. owners must sign an agreement, obtain a Tax Exemption Certificate, and submit BC Assessment documents, project description, and a $500 application fee.
MENTIONED IN THIS ARTICLE
Council
Director of Financial Administration
British Columbia Assessment Authority
BC Assessment