Kamloops, BC – On Wednesday, April 15, Council approved recommendations from the Finance Committee to make adjustments to the permissive tax exemption (PTE) policy and application process for the 2021 taxation year.
The City accepts applications annually from not-for-profit organizations and places of worship for consideration to be exempt from property tax for a period of up to five years. The City’s PTE application process and approval is directed by the Community Charter and Council policies.
The existing Council policy authorizes the following:
- maximum five-year term for eligible organizations being considered for a PTE
- a three-year phase-in period for new, qualified not-for-profit organization applications
- 100% exemption on eligible portions for approved places of worship applications
- $650,000 municipal funding cap for not-for-profit organizations (including housing), which is adjusted annually based on proposed tax rate increases
A summary of the approved PTE policy amendments includes the following:
- application deadline has been changed from May 31 to June 30
- successful applicants required to complete an annual declaration to confirm that the applicant is still eligible to receive a PTE
- Council may provide a one-year grant in lieu of a PTE to new applicants that might not meet the PTE requirements in the current year
- staff to notify applicants of their recommendations prior to presenting recommendations to Council
- staff to present their recommendation's to Council by September 30 each year
Not-for-profit organizations and places of worship that own and occupy their properties and meet the requirements stated in the Community Charter and Council policy may qualify for a tax exemption. Applications for the 2021 tax year will be available in May. Detailed information can be found at Kamloops.ca/Exemption.