· by Huzaifa Saeed
The City of Hamilton is considering the future of a 30% Vacant Unit tax rebate that is offered through application to over 500 businesses annually. It is available for both Commercial / Industrial properties are coded and assessed by MPAC – no application required and Land with no buildings/structures or land not needed to support business.
This follows an Ontario government announcement last fall that municipalities would be given leeway to discontinue the rebate that was first introduced in 1998 in tandem with a province-wide overhaul of property assessment and taxation. Ottawa and Toronto have already announced their intentions to shut down the program.
The City will hear from the public at the June 7th GIC meeting – you make a request to appear as a delegation to the Clerks Office by June 6, 2017 by 12 Noon.
Do you currently benefit from or support the tax rebate? Do you feel it discourages property development? We’d like to hear from businesses. Please send an email to Huzaifa Saeed | Policy & Research Analyst | firstname.lastname@example.org