Non-profit organizations in the Border City are able to apply for property tax exemption.
The deadline to apply is September 30.
Exemptions can only be approved for a maximum of three years.
After that period, foundations will have to apply again.
The City of Lloydminster has put together a guideline that shows which organizations are able to apply.
Qualifications to apply for property tax exemption:
- Facility must be described in Section 314 of the Lloydminster Charter and meet the qualifications and conditions of the Community Organizations Property Tax Exemption Regulation.
- Funds of the organization must be used for the purposes of the organization and not for the benefit of the organization’s directors or employees.
- The property must be able to meet specified accessibility and time-of-use requirements.
- Property must be owned or leased by a non-profit organization.
- Unrestricted more than 70 per cent of the time.
- Charitable and benevolent purpose that benefits the public for at least 60 per cent of the time the property is in use.
- Unrestricted access by race, culture, ethnic origin, religious belief, property ownership, unreasonable fees or other membership requirements.
- The property cannot be used in operation of a professional sports franchise.
If an organization gets property after the submission deadline they are still able to apply for exemption.
City Council will take a look at the application to see if they approve exemption for the part of the year that the non-profit organization owned the property.
For organizations that have yet to apply, applications can be sent by mail to City Hall or by email to email@example.com.