The Council of the Municipality of the County of Kings directs, by policy, that a reduction be granted for the taxation year 2025/2026 pursuant to Section 69 of the Municipal Government Act, in an amount not exceeding $580.00; upon property owned and occupied by a person who is a resident of the Municipality of Kings, and;
Whose total gross income from all sources for the year 2024, excluding any allowance paid pursuant to the War Veterans Allowance Act (Canada) or pension paid pursuant to the Pension Act (Canada), but including the income of all members of the same family residing in the same household, is less than $47,000 gross income, and;
Where property is jointly owned, only one tax exemption shall be allowed and the sharing in such exemption shall be on the basis of ownership in such joint property.