Properties leased to charities no longer tax exempt
TRURO, N.S. – Colchester County properties that are leased to a charity or society are no longer eligible for tax exemption.
That is the ruling of county council following a recent staff review of the municipality’s Tax Exemption Bylaw of properties not actually owned by a charity or society.
“It has to go to the (property) owner,” Mayor Christine Blair said, of future tax bills.
The Colchester Food Bank, for example, leases property on Blair Avenue in Tatamagouche from Sobeys for its clothing bank. The assessed value on that property is currently set at $46,700, which would generate an annual tax revenue of $1,064.76.
In the past, that tax bill has been waived because the property has been used by a charity. Going forward, however, Sobeys now will be billed the taxable amount. Likewise, for the Fundy Trail Snowmobile Club in Folly Lake. It leases property from Quality Concrete, which had been receiving tax exempt status.
The municipal assessment on that property is $176,700, which means that Quality Concrete now will be taxed at a rate of $4,028.76 per year. St. Mary’s Archery Club in Truro leases property from the provincial government. That site has been deemed as resource land and now will generate an annual tax bill of $192.93.