Councillor says golf course bankruptcy imminent if taxing assessment doesnt change

Councillor says golf course bankruptcy imminent if taxing assessment doesn’t change AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Mike Tarasko Posted Feb 27, 2017 6:16 am MDT A Calgary councillor is hoping to get some tax relief for golf courses.Ward Sutherland is filing a motion at Monday’s council meeting, calling for the city to write to the province asking it to change how they’re taxed under the Municipal Government Act.“It’s assessed as a non-business and there’s not a separate category. So, a normal business, your tax bill would probably be two to three per cent of your total revenue, while for golf courses it’s getting up to 20 per cent – sometimes higher,” he explained.The province assesses all green space as if it has buildings on it.Sutherland says if the tax rate on golf courses doesn’t change, you could see all the clubs in the city fold within 10 years. (Stock photo: FreeImages.com)

Post A Comment

Your email address will not be published. Required fields are marked *