Municipality of French River

What is the incentive? 

100% of the municipal taxes associated with the eligible new construction covered for a period of three full calendar years (36 months)

What properties are eligible?

Commercial and Industrial buildings which are new construction, OR have an addition of more than 25% of the original assessed value of the building.

Other Requirements:

• Property owner must obtain all necessary permits, agreements and approvals prior to construction
• Construction must be completed by December 31, 2024
• All outstanding amounts owing to the Town of Altona must be paid (e.g. property taxes, utility charges, other amounts owing)

How do I apply?

No applications required!  The incentive will be calculated automatically once the building’s assessment is added to the municipal tax roll.  This would occur following all necessary building inspections and upon occupying the building.

When does the incentive get paid out? 

Tax incentives are paid out at the end of each fiscal year in December provided all accounts are in good standing.

Still not sure how it works? 

Example:

A business owner purchases a lot and builds a small manufacturing facility and begins operating in May.  The Manitoba Assessment Branch assesses the land at $75,000 and the new building at $500,000.  Based on 2021 mill rates, the annual property taxes would be calculated as shown:

 The annual incentive would be calculated as follows:

In summary, the approximate total municipal tax and tax incentive amounts each year would be as follows:

If you still have questions, contact our office at 204-324-6468