Development Potential Relief Program (DPRP)
No fixed amount
Tax Credit
Description:
The Development Potential Relief Program (DPRP) pilot provides tax relief for eligible Light Industry (Class 5) and Business and Other (Class 6) properties. The program aims to help independent businesses and community partners who are paying disproportionately high taxes because of development potential.
Comments on Funding:
The amount of tax relief for 2025 will be considered by Council in March 2025.
February 28, 2025
Eligibility:
Applicants must:
1. Have land improvement in Class 5 (Light Industry) and/or Class 6 (Business)
2. In use (not vacant) as of Oct 31 of the preceding year.
3. Class 5/6 land value > 95% of total Class 5/6 assessed value.
Application Steps:
Applicants must contact taxrelief@vancouver.ca
Documentation Needed:
Applicants must submit DPRP declaration form
Other Things to Note:
About the author
Maurice
