Woodlands County Council this week discussed incentive options for those who have the means and ability to make payment of their annual taxes before June 30th, 2020 instead of waiting until the extended deadline of November 30th.
Council gave first reading to a tax incentive bylaw, which outlines a 3% reduction on the municipal portion of residential and farmland property taxes, and a 1% reduction on the municipal portion of non-residential property taxes if paid before June 30th.
Woodlands County Mayor John Burrows says this is the first time he’s aware of the County doing a tax incentive, and the move will help Woodlands in the long-run.
Council also gave the first two readings of the 2020 Tax Rate Bylaw, however, they did not have a unanimous vote to pass the third and final reading. The Tax Rate Bylaw will now come back to Council at their next meeting, along with the Tax Incentive Bylaw, on May 19th for further discussion.