Vacant Unit Tax Rebate Reform Created by lvanderwallen on 5/11/2017 8:36:38 AM
The County of Oxford is considering altering the commerical and industrial tax rebate program and is looking for your input.
Oxford County is considering a change to the existing commercial and industrial vacant unit tax rebate program. Under the proposal, the vacant unit tax rebate program would be phased-out over a three year period, beginning in 2018.
The vacant unit rebate would be eliminated over the current four-year property assessment cycle to allow affected property owners to manage the rebate reduction into future budgets.
The intent of this policy change is to incent use of vacant properties that could either be sold and put into active use, or rented by lowering fees and/or mixed with multi-use rentals including residential which would result in more vibrant and sustainable communities – a common goal shared among municipalities and the province.
Oxford County is receiving comments on the proposed changes until June 15, 2017.
Provide your comment online through Speak Up, Oxford! or send written comments by June 15 to:
County of Oxford
P.O. Box 1614, 21 Reeve Street
Woodstock, ON N4S 7Y3