Heritage Property Tax Reduction Program Information Brochure – 2024 Tax year

Overview

The City of Markham's information brochure for its Heritage Property Tax Reduction Program for the 2024 tax year, first printed December 2003 and revised September 2024. In sixteen sections it explains the 30% reduction of the municipal and school board tax components, with a sample tax bill, the provincial and municipal eligibility criteria, the application deadline, fees and submission items, inspection, staff review, eligible tax classes, penalties and payment, followed by appendices on frequently asked questions, designation, heritage easement agreements, property classification, and the application form and By-law 2003-341.

What it covers

• Markham’s Commitment to Conserving Heritage Resources
• Financial Incentives Help Preserve our Heritage Resources
• Amount of Tax Relief
• Eligibility Criteria for Heritage Properties
• Applying for a Tax Reduction and Application Deadline
• Application Fees
• Application Submission Requirements
• Inspection of Property
• Staff Review of the Application
• Impact on Other Tax Reduction Programs
• Eligible Property Tax Classes
• Eligible Portion of a Property
• Penalties
• Limitations
• Payment of Tax Reduction
• Further Information
• Appendix A – Frequently Asked Questions
• Appendix B – Heritage Property Designation
• Appendix C – Heritage Easement Agreements
• Appendix D – Heritage Property Evaluation and Classification
• Appendix E – Application Form and By-law 2003-341