Council approved the first three readings of Bylaw No. 9504, 2024 in relation to the 2025 Permissive Tax Exemptions.
The total estimated value for the tax exemptions in the report’s recommendations is $2.06 million or 1.49 per cent of the tax levy (based on 2024 tax rates and assessment values).
Permissive tax exemption is a means for Council to support organizations within the community which further Council’s objectives of enhancing quality of life (economic, social, and cultural) and delivering services economically.
Provincial legislation provides statutory tax exemptions for places of worship. Permissive tax exemptions are generally granted by local councils for non-profit organizations.
Three new residences were approved for tax exemptions by the finance and audit committee this year, 301 George Street and 960 5th Avenue both used by Carrier Sekani Family Services, and a parcel on Kelly Road North owned by the Nature Trust of BC.