NEW Non-Residential Property Tax Incentives
At their regular meeting June 1, 2021, the County of Barrhead Council passed Bylaw 7-2021, Non-Residential Tax Incentive. This aims to further stimulate economic development in the community by attracting new investment and encouraging expansion of existing development. This Bylaw intends to leverage authority given to municipalities by the province to provide business incentives and encourage economic growth in the County of Barrhead.
What is Eligible?
Pursuant to the MGA s. 364.2(2), the County of Barrhead Non-Residential Tax Incentive Bylaw provides municipal tax exemptions that apply to:
- Non-Residential and Machinery & Equipment Assessment Classes
- New construction, equipment, and improvements that result in an increased assessment.
"For example, a new business investing $25 million could realize approximately $1.3 million in municipal tax exemption over 3 years."
Find more information regarding the Non-Residential Property Tax Incentive here:
For more information or application inquiries, please contact the County Office at 780-674-3331 or email email@example.com.