- 50% reduction on municipal taxation only - 1st year of operation;
- 25% reduction on municipal taxation only - 2nd year of operation;
- 25% reduction on municipal taxation only - 3rd year of operation
- complete taxation beginning with the 4th year of operation
The Town of Sexsmith has passed a split tax rate bylaw in order to offer taxes at a lower rate to small businesses.
The possibility for different business tax rates for small business has recently been made possible with amendments to the Municipal Government Act.
A municipality must do this by bylaw and must define in the bylaw what a small business is in their community.
The Town of Sexsmith has defined a small business property as a property in the municipality other than designated industrial property having 5 or fewer employees, owned or leased by a business operating under a business license issued by the municipality.
Interested applicants must submit an application by December 31 of the year prior to the year of taxation to be eligible. for example, if you wish to apply for the 2020 tax year please have your application in no later than December 31, 2019.
Please re-apply on an annual basis.
The application requirement is so that proper budgeting for the coming year can be done.
Click here for the Annual Small Business Declaration application or stop by the Town office located at 9927-100 Street.