Interim Property Tax Relief Legislation

The Province has announced a new interim business property tax relief program to provide an optional tool that would allow municipalities to address the escalating property values experienced by some small businesses and non-profits.  The interim program provides an alternative solution than that proposed by UBCM members through resolution 2019-B78.  UBCM President Maja Tait wrote Minister Robinson on February 28, 2020 indicating that members had recommended the establishment of a new commercial sub class that would provide for a split assessment.  Similar sentiments were expressed by metro mayors in a letter to the Minister on February 27th.