Property Tax Rebate Program for Low-Income Seniors and Low-Income Persons with Disabilities
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The Town of Cochrane has launched a new initiative aimed at enhancing the financial well-being of its senior residents and persons with disabilities. This program offers property tax relief to qualifying individuals, marking the town's commitment to supporting its vulnerable populations.
Eligible participants can benefit from a tax credit of $250, providing valuable assistance in managing property tax expenses. This initiative represents just the start of Cochrane's efforts to prioritize the welfare of its citizens.
Background:
February 13, 2024
A motion was passed by Council to have staff develop and propose options on a low income tax rebate for seniors recognizing the pressures low income seniors are under in trying to meet basic living needs. This was to be proposed by the March 12th Regular Council Meeting.
March 12, 2024
The Director of Corporate Services prepared a report to Council identifying relief options municipalities can provide, the potential cost, and the option that best serves our community in regards to property tax relief. Council approved to provide a tax credit relief in the amount of $250 per eligible applicant and staff were instructed to prepare the necessary by-laws and documentation as required to implement the program.
April 9, 2024
Council approves BY-LAW 1573-2024 BEING A BY-LAW TO GRANT ASSISTANCE TO ELIGIBLE PROPERTY OWNERS WHO ARE LOW INCOME OLDER ADULTS OR LOW INCOME PERSONS WITH DISABILITIES.
The Town of Cochrane has launched a new initiative aimed at enhancing the financial well-being of its senior residents and persons with disabilities. This program offers property tax relief to qualifying individuals, marking the town's commitment to supporting its vulnerable populations.
Eligible participants can benefit from a tax credit of $250, providing valuable assistance in managing property tax expenses. This initiative represents just the start of Cochrane's efforts to prioritize the welfare of its citizens.
Background:
February 13, 2024
A motion was passed by Council to have staff develop and propose options on a low income tax rebate for seniors recognizing the pressures low income seniors are under in trying to meet basic living needs. This was to be proposed by the March 12th Regular Council Meeting.
March 12, 2024
The Director of Corporate Services prepared a report to Council identifying relief options municipalities can provide, the potential cost, and the option that best serves our community in regards to property tax relief. Council approved to provide a tax credit relief in the amount of $250 per eligible applicant and staff were instructed to prepare the necessary by-laws and documentation as required to implement the program.
April 9, 2024
Council approves BY-LAW 1573-2024 BEING A BY-LAW TO GRANT ASSISTANCE TO ELIGIBLE PROPERTY OWNERS WHO ARE LOW INCOME OLDER ADULTS OR LOW INCOME PERSONS WITH DISABILITIES.
