Development
-Policy #: 2022-096, Approval Date: March 07, 2022-
Policy Statement
The town of Calmar recognizes the need to be adaptable with tax payments and penalties in an effort to help promote growth and development within the Town.
Reason for Policy
The purposes of this policy are to:
- Help promote growth and development in the town of Calmar by giving developers a
penalty free deferral period for their land upon subdivision. - Help promote growth and development in the town of Calmar by giving builders a
penalty free deferral period for the properties upon purchase.
Policy
- Developers can apply to defer their property taxes for a period of up to two (2) years, penalty free from the time of submitting a subdivision application.
- At the time of a subdivided lot being sold, the developer will be responsible for payment of the outstanding taxes.
- The purchaser/builder will then also be able to apply for a two (2) year property tax deferral, penalty free.
- The purchaser/builder must apply for a development permit within the first year of ownership.
- The purchaser/builder will be responsible for the payment of the arrears at the end of the two (2) year period or at the time of sale.
- Lots that have already been subdivided will not be eligible for the first deferral option (subdivision). At this stage, only the purchaser/builder would be eligible to apply.
- If the property is already in arrears, the approved deferral application would qualify as a ‘tax agreement’ and this would pause the tax notification/auction process.
- If taxes are not paid at the end of the two (2) year period, penalties will be applied to the account in the third year. Regular tax recovery processes will resume.
- This policy applies to individuals, developers, builders, investors, corporations and industrial developers.