The Commercial Development Support bylaw P-9 allows a commercial property owner who is undertaking a new construction or a significant expansion, to phase in the increased taxes – resulting from the increased assessment of their property – over a five-year period. This rebate is payable to a maximum of $100,000 annually.
Eligible properties must enter into a Phased-in Assessment Agreement with the Town before receiving a development rebate. To get started, check out the full
pdf
Commercial Development Support Program Bylaw(28.16 MB)
and contact Town of Amherst Economic Development Officer Jeff Bacon at
Rebates are designed to stimulate building construction and the expansion of the economy of the Town. The Commercial Development Support Program may provide a participating owner with a partial rebate on taxes paid on an eligible property by utilizing all or a portion of the “Rebate Eligible Assessment.”
pdf Access the Commercial Development Support Bylaw P-9 here(28.16 MB) .
Please note, in order to be eligible, an application must be submitted before receiving the development permit. pdf Access the application here.(117 KB)
For more information, please contact:
Jeff Bacon
Economic Development Officer
902-694-2161
