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City of Salmon Arm
Box 40
500 2 Ave. NE
Salmon Arm, BC V1E 4N2
Ph: 250.803.4000
Fx: 250.803.4041
Hours: 8:30am - 4:00pm
Industrial Revitalization Tax Exemption
Details
The Industrial Revitalization Tax Exemption program allows the City to enter into an agreement with property owners within the designated area if there is construction of a new improvement or an alteration of an existing improvement which has a building permit value in excess of $300,000 as determined by the City of Salmon Arm.

Upon issuance of a Revitalization Tax Exemption Certificate to the BC Assessment Authority, those improvements are exempt from general municipal property taxes (excludes other property taxes such as School, Regional District, Regional Hospital, specified area levies etc.) for a period of time not longer than five (5) years and with a single five (5) year renewal period.

The Industrial Revitalization Tax Exemption program will have an expiration date of June 23, 2019.

This summary is only provided for informational purposes. For complete details refer to Bylaw No. 4020 cited as The City of Salmon Arm Industrial Revitalization Tax Exemption Bylaw