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Property Tax Vacancy Rebate Application and Information

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Tax Rebate Programs

Tax Rebate programs are available for commercial/industrial properties and registered charities that meet specific criteria. 

 

Commercial/Industrial Vacancy Rebates:

Vacancy rebates are available to commercial and industrial properties. This rebate provides tax relief to property owners where a building or a portion of a building is vacant within the prescribed commercial or industrial property classes. Rebates will be issued by the municipality to owners who submit a Commercial/Industrial Rebate Application according to the instructions below.

Property owners who are eligible for a rebate can submit an application to the municipality each year that a building, or portion of a building, is vacant for at least 90 consecutive days in a given taxation year. Two options are available for submitting rebate applications:

  •  One application (interim) for vacancies that occurred during the first six months of the year and a second application (final) for vacancies that occurred during the last six months of the year

        OR

  • One application to cover all vacancies that occurred on that property during that taxation year, calendar year January - December.

 The Interim application may be submitted by July 31 of any year with respect to the period January 1 to June 30 of that year. The deadline for submitting applications is February 28 of the year following the taxation year to which the application relates.

 Exclusions

  • Seasonal Property: Business that operate on a seasonal basis are not eligible for a rebate for the seasons they are closed.
  • Leased Property: Buildings or portions that are vacant but are leased to a tenant are not eligible for a rebate.

The rebate program is governed by Section 364 of the Municipal Act and Ontario Regulation 325/01. Copies of the legislation and regulations may be viewed on the Government of Ontario "e-laws" website http://www.e-laws.gov.on.ca/

Application for Vacancy Rebate

Property owners or their authorized representatives must return the application competed and signed along with any additional documentation (copies only as originals will not be returned) such as expired leases or any other material that would substantiate the application.  Applications will be monitored and are subject to verification through site inspections. Please keep a copy of your application as the Town will retain the originals.

Return completed application to:

Town of Prescott
360 Dibble Street West
PO Box 160
Prescott ON
K0E 1T0

For more information, contact the tax office at (613) 925-2812.

 

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