The REALTORS® Association of Edmonton (RAE) is pleased that the City of Edmonton City Council has recently approved prorated tax forgiveness for derelict property owners. This represents an additional incentive for derelict owners to clean up their properties quickly, following the establishment of a derelict residential tax subclass last fall, the first of its kind in Canada.
With this new policy, property owners can apply for a refund of the derelict residential property tax for the portion of the year that their property was cleaned up.
The Council Policy C607A was amended with these terms. Learn more here.
The REALTORS® Association of Edmonton remains committed to collaborating with city officials and other industry groups to foster a legislative environment that supports the continued success of Edmonton and our valued members.
For further information, please contact:
RAE Government Relations: raegr@therae.com
