Council approves $1.4 million in tax exemptions
Nanaimo city council passed the first three readings to permit $1.4 million in property tax exemptions earlier this month, including the recent approval of an exemption for the Nanaimo Squash Club.
There are currently 152 properties serviced by 109 organizations receiving the exemption in Nanaimo, including 39 church properties, 51 non-profit organizations, seven senior citizen's housing facilities and six community care facilities.
City parks and other municipal buildings, also receive exemptions. The squash club is still required to pay taxes for the lounge portion of the facility.
The bylaw is expected to be adopted Monday (Oct. 29).