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Mayor Shari Decter Hirst - 729-2202 - City of Brandon

Mayor Shari Decter Hirst - 729-2202 - City of Brandon

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CONTACTS:<br />

Dean Hammond, General Manager <strong>of</strong> Corporate Services & <strong>City</strong> Treasurer – <strong>729</strong>-2244<br />

Val Rochelle, Director <strong>of</strong> Finance - <strong>729</strong>-2223<br />

___________________________________________________________________________________________<br />

Property Tax Credit Programs<br />

In 2006 and 2007 Council passed three by-laws to implement tax abatement programs for eligible properties.<br />

_________________________________________________________________________________________<br />

Below is a summary <strong>of</strong> the activity within these programs.<br />

Total by<br />

2007 2008 2009 2010 2011 Property<br />

Home Renovation Tax Assistance Program - By-Law No. 6873<br />

Three (3) year program, maximum $500.00 per year<br />

60 – 6th Street North<br />

Residential Tax Abatement Program - By-Law No. 6875<br />

Five (5) year program<br />

831 - 19th Street<br />

Renaissance District Tax Credit - By-Law No. 6814<br />

Ten (10) year program, credit reduced to 50% for years 6 to 10<br />

22 - 6th Street<br />

356 - 13th Street<br />

# 3 19 - 9th Street<br />

# 4 19 - 9th Street<br />

144/146 - 10th Street<br />

132 - 9th Street<br />

148 - 10th Street<br />

Total by Year<br />

481.06 490.54 500.00<br />

1,471.60<br />

393.61 431.67 825.28<br />

516.77 568.46 613.24 1,891.11 1,959.50 5,549.08<br />

501.68 583.98 655.27 501.70 562.72 2,805.35<br />

705.43 748.78 786.34 813.69 844.46 3,898.70<br />

764.95 812.97 854.57 804.85 836.95 4,074.29<br />

12,319.01 12,958.10 11,461.24 11,954.92 48,693.27<br />

3,870.82 3,870.82<br />

2,562.06 2,562.06<br />

2,488.83 15,514.26 16,358.06 16,366.20 23,023.10<br />

With respect to the Renaissance District Tax Credit there are three additional properties that have been approved<br />

for the tax credit and are currently undergoing renovations. These are located at 638 Pacific Ave (Massey-Harris<br />

Building); 640 Rosser Ave (Former Trade Fair Exchange Building); and 1001 Pacific Ave (CP Rail Building).

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