Further to engagement sessions held in May 2018, a report was presented to Regional Council on July 26, 2018 to review recommended changes to the Vacant Unit Rebate and the Vacant / Excess Land Subclasses property tax discount programs. Regional Council has requested that further engagement with the public and municipal staff occur before endorsing final program revisions.
These program changes may affect you in the following ways:
Impact on Tax Payers
By eliminating the Vacant Unit Rebate program, funds could be allocated to other Regional programs and services, or could result in a reduction in Regional property taxes. For example, a home assessed at $258,000 would receive a reduction of approximately $11.
Impact on Business Owners
Any commercial and industrial properties (not classified as excess or vacant) could benefit from eliminating these discounts and rebates.
For those properties classified as excess or vacant, these changes could mean that you will no longer be able to receive property tax relief for those properties.
Have your Say
The Region is requesting assistance from the community to consult on changes being made to these programs.
Complete our short survey.
Public Engagement Forum
Join us for a Public Engagement Forum on:
Date: Wednesday, August 15, 2018
Time: 5:30 p.m.
Location: Niagara Region Headquarters
Council Chamber - Campbell West
1815 Sir Isaac Brock Way
Thorold, ON L2V 4T7