VACANT UNIT REBATE PROGRAM REFORM
COMMERCIAL AND INDUSTRIAL PROPERTIES
As part of the 2016 Fall Economic Statement, the provincial Minister of Finance announced several tax policy amendments for 2017. One of the amendments allows municipalities to initiate a locally designed vacant unit and vacant/excess land subclasses program for commercial and industrial properties, subject to Ministerial approval. The Province is allowing municipalities to design their own policies to address local issues, including elimination or phasing out of the programs.
Based on Council direction, Municipal Finance staff is seeking comments from the business community with respect to proposed changes to the vacant rebate policy.
For more information and the options Council may be considering, see Corporate Report 2017.79 from the July 24, 2017 council meeting.
Submit a Comment
The Municipality is receiving comments on the proposed options until October 24, 2017. You may submit written comments via the following methods: in person at the office, regular mail, email, online survey (see below), paper survey (available at the office or by fax), or by deputation at either the October 11th 6:30 PM or October 24, 2017 9AM council meetings. All deputations must be pre-arranged with the Clerk.
All comments received by the deadline will form part of a staff report to be presented to Council on October 31, 2017. At that meeting, Council will give final consideration to a locally designed vacant unit rebate and/or subclass policy for submission to the Minister for approval.
Please click on the link below to complete an online survey of the Vacant Unit Rebate Reform. The Municipality would like to hear your thoughts on potential changes to the program:
Karen Caren, Treasurer
3250 Hwy 130, Rosslyn ON P7K 0B1