Commercial New Build Incentive
The Commercial New Build Incentive offers property tax breaks to new or existing commercial businesses in the Town of Ponoka that build a new property (or demolish and build a new property) on commercially-zoned land in the Town.
Eligible businesses will receive the following reductions in their municipal property taxes over a three-year period, beginning the first year after the occupancy permit is issued:
- A 75% reduction in the municipal portion of their property taxes the first year;
- A 50% reduction the second year; and
- A 25% reduction in the third year.
The application period for the one-time-per-business Commercial New Build Incentive began January 1, 2021, and will continue until December 31, 2022. If the owner sells the property during the three-year incentive program, the property tax credits will stay with the property and transfer to the new owner.
Once you fill out an application form, please email a copy of the completed form to RealLiving@ponoka.ca or print a copy of the completed form and mail it to:
Town of Ponoka
200, 5604 50 Ave.
Ponoka, AB. T4J 1G5