Are you considering building a new business or renovating a current business in Taber? Would a tax incentive sweeten the deal? Read through this page and if you feel you qualify for the incentive, please reach out! We would be happy to get the application process started with you!

This incentive is applicable to new construction or expansion on industrial and commercial developments within the Town. Subject to Council’s discretion and authority, industrial and commercial Developments may receive an exemption of the municipal portion of taxes for a period of up to five years from occupancy being granted for the development. Please note this is only for the municipal portion of the taxes, other taxes, including but not limited to school and senior’s taxes are not included in the incentive. 

New industrial and commercial developments, as well as the expanded portion of industrial and commercial developments will be exempt from the municipal property taxes equal to:

• 100% of the value of the current year’s municipal tax levy in the first year of occupancy of the new development or expansion

• 100% of the value of the current year’s municipal tax levy in the second year of occupancy of the new development or expansion

• 75% of the value of the current year’s municipal tax levy in the third year of occupancy of the new development or expansion

• 50% of the value of the current year’s municipal tax levy in the fourth year of occupancy of the new development or expansion

• 25% of the value of the current year’s municipal tax levy in the fifth year of occupancy of the new development or expansion

To apply for an exemption, an application must meet all the following criteria:

• The Applicant must have an ownership interest in the property to be constructed
•  The subject non-residential property must be located within the geographical boundary of the Town
• The Applicant must have no outstanding monies owing to the Town
• The Applicant must make a capital investment to expand, improve or renovate the non-residential property resulting in an increased assessment value by at least 25% by the end of year two from when the Development permit was issued
• The Application must be received before the issuance of a building permit
• All required municipal, provincial, and/or federal permits must be in place
• Full compliance with the Land Use Bylaw, including but not limited to, any statutory plan, subdivision plan, approval and conditions, Development agreement, Safety Code Act, Alberta Building Code, Alberta Fire Code and permits. Failure to submit required documents evidencing compliance by the Applicant shall result in the forfeit of all rights to the Incentive

 Please see the attached BYLAW NO. 1-2022 for full details.

Investment Incentive Bylaw