Incentive Programs and Rebates

The City of Rossland offers incentive programs and rebates from time to time to encourage energy efficiency and/or new investment in the community.

Current initiatives are:

  • Energy Efficient Building Incentive Program
  • Revitalisation Tax Exemption Program - Currently program is not accepting applications.

ENERGY EFFICIENT BUILDING INCENTIVE PROGRAM

Rossland Energy Efficient Building Incentive Policy

Rossland Energy Efficient Building Incentive Application

For more information and access to incentives and rebates,

www.betterhomesbc.ca

REVITALISATION TAX EXEMPTION PROGRAM - CURRENTLY ON HOLD

The program provides an incentive, in the form of relief from municipal portion of property tax, to encourage investment in the development or redevelopment of commercial, recreational, or industrial properties.

The objectives of the Revitalization Tax Exemption are:

(a) to encourage and generate overall economic activity in the commercial, industrial and recreational zones;

(b) to require Owners to utilize a minimum of two objectives outlined below.

Economic- Investment and local employment

Conservation of Heritage Property in Property Class 4,5, 6 and 8

Installation of “green” building technology

Conservation of water used in the Land and Improvement

Conservation of Energy

Building Renovations to improve general aesthetics, amenities and the surrounding environment including any landscaping, planting of trees and reduction in GHG gases

 (c) to encourage Owners to improve the general aesthetics and surrounding environment of the Land and Improvements;

(d) to encourage and sustain investment and employment to retain and create jobs and services; 

 

There is established a Revitalization Tax Exemption program which includes the following: 
(1) Tax exemption prescribed by this bylaw with respect to: 
(a) a new construction of Land and Improvements with an Assessed Value or the Building Permit Value whichever is lesser of the two and is in excess of $10,000; or 
(b) an alteration or improvement of an existing Land and Improvements where the Assessed Value or the Building Permit Value whichever is the lesser of the two and is in excess of $10,000. 
(2) With respect to Parcels located within the Revitalization Area shown on Schedule “A”. 
(3) The maximum Tax exemption under this bylaw must not exceed the increase in the Assessed Value of Land and Improvements on the Parcel between: 
(a) the Calendar Year before the construction or alteration of Land and Improvements began, and 
(b) the Calendar Year in which the Tax exemption Certificate under this bylaw is issued. 
The maximum term of a Revitalization Tax Exemption is: 
(a) 5 Years
(1) The Tax exemptions provided under this bylaw are such that the Tax payable is: 
(a) in respect of the Revitalization Area shown in Schedule “A”: 
(i) Year 1:  
Base Amount 
(ii) Year 2: 
Base Amount plus 20% of the difference between Base Amount and Full Assessment;  
(iii) Year 3:   
Base Amount plus 40% of the difference between Base Amount and Full Assessment; 
(iv) Year 4:  
Base Amount plus 60% of the difference between Base Amount and Full Assessment; 
(v) Year 5: plus 80% of the difference between Base Amount and Full Assessment; 
(vi) Year 6: Full Assessment

Program

 

(a) new construction of Land and Improvements with an Assessed Value or the Building Permit Value whichever is lesser of the two and is in excess of $10,000; or 
(b) an alteration or improvement of an existing Land and Improvements where the Assessed Value or the Building Permit Value whichever is the lesser of the two and is in excess of $10,000. 

The maximum term of a Revitalization Tax Exemption is 5 Years.

The Tax exemptions provided under the bylaw are such that the Tax payable is:

(i) Year 1:  Base Amount 

(ii) Year 2: Base Amount plus 20% of the difference between Base Amount and Full Assessment;  

(iii) Year 3:   Base Amount plus 40% of the difference between Base Amount and Full Assessment; 

(iv) Year 4:  Base Amount plus 60% of the difference between Base Amount and Full Assessment; 

(v) Year 5: plus 80% of the difference between Base Amount and Full Assessment; (vi) Year 6: Full Assessment

REVITALISATION TAX EXEMPTION BYLAW and APPLICATION