District of Sooke council will tackle permissive tax exemptions at a special meeting tonight.
Every property owner in B.C. must pay property taxes. Property tax exemptions may be granted by council to organizations that meet legislated eligibility requirements under the Community Charter.
Permissive tax exemptions typically include land or improvements that are owned or held by a charitable, philanthropic or other non-profit organizations. The facility must not be operated for a profit.
Last year, the district had tax exemptions of $327,814.
The existing permissive tax exemption bylaw expires at the end of the year and a new bylaw is required to grant exemptions for 2018 and beyond.
Council rewrites the permissive tax bylaw every 10 years, but municipal staff is recommending council a shorter term and drafted a new bylaw on a three-year exemption period.
Tonight’s meeting begins at 7 p.m. at Sooke Municipal Hall, 2225 Otter Point Rd.
editor@sookenewsmirror.com
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