Venture Kamloops

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Kamloops Tax Incentives

Downtown Revitalization Program

The Downtown Revitalization Tax Exemption (RTE) program is a tax incentive bylaw to encourage revitalization and new development in the Kamloops downtown City Centre.

The RTE provides the opportunity for property owners within the specified area who wish to either improve existing buildings or construct new buildings to receive an exemption on their municipal property taxes. The maximum exemption permitted is 100% for a ten-year term.

- New Development: Taxes are assessed on the land's value only.
- Revitalization/Renovation: Taxes are assessed on the property's original value only.

Requirements

For projects involving new construction:

  • The project must:
    • Include 50% rental residential floor area
    • Be a hotel/motel construction
    • Be a parking structure that includes public parking (only area of public parking will be eligible for exemption)
  • The use must comply with the current zoning by-law, KAMPLAN
  • Verification that all municipal taxes, utilities, rates, and charges are paid

For projects involving alteration of exterior buildings:

  • A minimum construction value of $100,000 or 30% of the previous year's assessed value
  • The proposed improvement adds value to the public realm
  • The use must comply with the current zoning by-law, KAMPLAN
  • Verification that all municipal taxes, utilities, rates, and charges are paid

Adding value to the public realm means that the project must contribute aesthetically, at minimum, to the streetscape.  Work that would be assessed as contributing to the public realm includes, but is not limited to:

  • New building facade
  • Public art
  • Public open space (courtyards, plaza, gardens)
  • Public street furniture
  • Public recreational amenities
  • The addition of awnings or canopies above public pedestrian walkways

Application Requirements:

  • A completed application from with the non-refundable application fee ($250);
  • A state of Title Certificate (available from the Land Title office, 455 Columbia Street);
  • A copy of the Notice of Assessment from the BC Assessment Authority for the year prior to the project;
  • Verification that all municipal taxes, utilities, rates, and charges are paid in full provided from the Finance Department; and
  • The value of the construction confirmed through a copy of a building permit fee slip, or a letter from the owner's design professional subject to approval from the Development and Engineering Services Director.
  • Click here to complete application

Click here to view the Map of Downtown Tax Exemption Boundaries. 
Click here to view the City Centre Plan.
Click here to view the Official Community Plan.

If you would like more information about the Downtown Revitalization Program please contact:

City of Kamloops, Planning and Development Services
105 Seymour Street, Kamloops BC V2C 2C6
250-828-3561 planning@kamloops.ca