Trois-Rivières — Revitalization of certain serviced land and recycling of certain buildings

• The applicant must be the owner of a property located on a serviced lot (connected to the City’s waterworks and sanitary sewer network) within the program’s designated zones in Trois-Rivières.
• The project must involve one of the following completed works that increase the property’s taxable value: constructing a residential building on a serviced lot; renovating/expanding/transforming a building so that it remains or becomes (in whole or in part) residential; or recycling and converting a conventual building on a serviced lot into a multi-unit residential, commercial, or service building.
• If the project replaces a building that was destroyed by fire or demolished, the works must be completed within 60 months of the fire or demolition, and the resulting building must be residential with more dwelling units than the building it replaces.
• The credit applies starting from the effective date of the municipal assessment certificate issued under the Act respecting municipal taxation (Loi sur la fiscalité municipale).

Who is eligible?

• Owners of buildings located on a serviced lot who carry out work leading to a residential building (construction, renovation, expansion or conversion).
• Owners of a convent building located on a serviced lot who recycle it and convert it into a multi-family residential, commercial or service building.

Who is not eligible

• Any building/project that is already benefiting from another municipal tax credit program for the same work (only one municipal tax credit can apply for the same work).

Eligible expenses

• Municipal property taxes calculated on the increase in taxable value (“added value”) of the property following eligible work (tax credit applied to that added value).

Eligible geographic areas

• City of Trois-Rivières (Québec) — properties located within the program’s “serviced land / consolidation zones” as defined in the municipal by-law (2016, Chapter 46).

• This municipal tax credit is applied automatically on the property tax bill (i.e., it is not paid as a cash grant).
• The tax credit is tied to the property and is systematically transferred from one owner to another.
• For the same work, a property/person cannot receive more than one municipal property tax credit program under the by-law (or a similar earlier by-law).
• The tax credit may be adjusted if the property’s taxable value is modified under the Act respecting municipal taxation; however, no adjustment is made when the change results from the filing of a new assessment roll.