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"Cochrane Community Revitalization Levy Regulation "

Cochrane Community Revitalization Levy Regulation

This regulation establishes the Cochrane Community Revitalization Levy Area as a community revitalization area and allows the city to place a community revitalization levy against any incremental assessment growth on properties within the area, for the 20 year duration of the regulation. The program provides a tax subsidy to the municipality in the form of education property taxes. The regulation sets out the assessment and tax framework for implementing the community revitalization levy. The revenue raised by the levy is used to pay for public infrastructure, servicing and other costs associated with the revitalization.
    Chapter/Regulation: 204/2012
    Status: Current
    Related Act
    Ministry Responsible: Municipal Affairs
    Item/ISBN#: 9780779768417
    Regulation-Making Authority: Order In Council
    Pages 9
    View PDFView PDF
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