Apply Now for Small Business Property Owner Tax Deferral Program

Published on: 2020/08/04 - in News

A tax deferral program to assist small local business property owners impacted by COVID-19 has been launched by the City of Kingston.

The City’s final property tax billing, normally due at the end of June, was deferred to August 31 for all property owners to help alleviate some of the financial pressure caused by the pandemic.

Those bills have now been mailed out, but the Small Business Property Owner Tax Deferral program can offer some additional relief for eligible small business property owners applying to defer paying this bill until November 30. According to a media release, eligible applicants include hotels, motels and commercial properties valued at $2 million or less.

“Property taxes are an important source of revenue for a city and allow for the delivery of essential services,” explained Jeff Walker, the City’s Manager of Taxation. “Waiving them is not an option. However, recognizing the fiscal challenges experienced by the small business sector and, in particular, tourism-related businesses, the City has introduced the Small Business Property Owner Tax Deferral program to assist small business property owners, hotels and motels experiencing financial hardship from COVID-19.”

Full details on eligibility criteria and the online application form – which must be submitted by Monday, August 17 in order to qualify for the program – can be found on the City of Kingston’s Property Taxes and Assessment page.


Photo: Wallpaperflare (cc)