Tax Exemptions

Certain properties in the Town may be eligible for exemption of all or part of their property taxes.

Permissive Tax Exemption

The Town of Ladysmith recognizes the significant value of volunteers, volunteer groups and agencies to the spiritual, educational, social, cultural, and physical well-being of the community. A permissive tax exemption is a means for Council to support organizations within the community that further Council’s objective to enhance the quality of life while delivering services economically to the citizens of Ladysmith.

In order to be considered for a Permissive Tax Exemption, eligible property owners must complete and submit the application before August 15^th. 

Permissive Tax Exemption Policy and Application
Permissive Tax Exemption Renewal Form

For more information, please see the Permissive Tax Exemption Renewal Form. 

Revitalization Tax Exemption Program

Council has recognized that it is difficult for taxpayers to invest in improvements to their commercial properties and also pay the increased tax due to the increase in the assessed value.  Council wishes to encourage revitalization of our commercial properties to ensure that they do not fall into disrepair.  In order to encourage the owners to make the required improvements to our commercial properties, Council has established this programs. Click here (fees and incentives link) for details.

 Each project must meet the following downtown revitalization objectives:

•  The property is within the Downtown Core.
• The total cost of the project represents a significant investment by the property owner for a minimum total cost of $15,000;
• Exterior building improvements meet or exceed the Town’s Downtown Specified Area Design Guidelines and will enhance the streetscape;
• Structural and building code improvements will enhance the building’s condition, safety and ongoing viability;
• Revitalization is to existing buildings.

Applications will be evaluated on a case-by-case basis with due consideration to the merits of the business case and the rehabilitation work proposed.

Revitalization Tax Exemption Information