09-05-2019, 02:41 PM
(09-04-2019, 07:27 AM)MidTowner Wrote: Not only are you able to demolish a building and leave the land empty, our tax regime incentivizes you to do so- obviously the assessed value of vacant land is less.
Until this year, the Region (along with many other Ontario municipalities) had a vacant property tax rebate that reduced the taxation on commercial units that weren't put to use.
The regional and city (of Kitchener) tax rates are still lower for vacant lots, but it's now only 20% difference, much smaller than before.
https://www.kitchener.ca/en/resourcesGen...x_Rate.pdf