Small business property owners in Ottawa will see tax savings this year, city says

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Small business property owners will see a 15 per cent break on their City of Ottawa property tax bill this year, which will save them thousands of dollars.

The finance and corporate services committee will approve the property tax classes and tax reductions for the 2024 tax year on April 2, including tax relief for small business property owners.

The city said the new small business property tax subclass will benefit 5,800 properties or over 10,000 small businesses. "Since the start of the pandemic in 2020, we have seen countless businesses in our communities close due to rising inflation and uncontrolled rent hikes. Now that we have reached the so-called post-pandemic era, long-standing community hubs are set to close.

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