Buying Property

Rosetown has approximately 1,200 homes and there is a steady market for newcomers looking to purchase a home. For those looking to build a new home, the Town currently has lots for sale at a reasonable price in the up and coming Civic Centre area.

Complexes

There are also 5 condominium complexes providing another option for homeowners.

House in Rosetown

Infill Residential Construction Policy

Overview

In May, 2018, Rosetown Council approved the Infill Residential Construction Policy. With this tax incentive program, Council hopes to encourage investment in construction of infill residential property for the purpose of economic development and to maximize and improve vacant or underutilized lots. Through this initiative, the Town of Rosetown desires to rejuvenate existing neighborhoods through residential infill development as a way of supporting community growth while minimizing the need to expand the Town's water, sewer and street infrastructure.

Eligibility and conditions

To learn more about the types of infill residential construction that are eligible for this tax incentive, please review the full Infill Residential Construction Policy which lists important eligibility requirements and conditions. Questions? Contact the Town Office for more information.

Application

An application for this tax abatement program is required.

Incentives

The program has two incentive levels:

  1. Where demolition of existing improvements is undertaken to facilitate construction

    Year #1 - 100% abatement of all property tax (excluding special levies) after the reassessment of the property once construction has been completed.
    Year #2 – 75% abatement of all property tax (excluding special levies).
    Year #3 – 50% abatement of all property tax (excluding special levies).
    Year #4 – 25% abatement of all property tax (excluding special levies).
    Year #5 – Full Taxation rates shall apply.
  2. Where there is no requirement for demolition to facilitate construction

    Year #1 – 100% abatement of all property tax (excluding special levies) after the reassessment of the property once construction has been completed.
    Year #2 – 66% abatement of all property tax (excluding special levies).
    Year #3 – 33% abatement of all property tax (excluding special levies).
    Year #4 – Full Taxation rates shall apply.

Special Levies

School Tax Abatement

School/education tax abatement is subject to the Provincial Government approval. If Provincial Government approval is not received the above noted property tax abatement shall only apply to the Municipal property taxes.

Development Levy

Development Levy is not included in the tax incentive program.

Health Levy

The Health Levy is not included in the tax incentive program.

Infrastructure Levy

The Infrastructure Levy is not included in the tax incentive program.

Notes

New construction in the Civic Centre subdivision and any future subdivisions are not considered infill and therefore not eligible for this tax abatement.

Image of residential street

Development Levy

The Development Levy is charged to property owners in cases when development increases the demand on Town services, such as water, sewer, roadways, related infrastructure (curbs, street lights, street name signs), parks and public recreation facilities. The Development Levy was established with the intent of recovering all or part of the capital costs incurred by the municipality as a result of proposed development.

How is it calculated?

The Development Levy is charged to property owners at the time of application for a Development Permit on the formula of $0.50 per square foot of the total property. 

Examples

Some developments which are subject to the Development Levy include but are not limited to the following: modifying an existing duplex to a fourplex; constructing a new residence or commercial property on a lot in which servicing (water, sewer) does not presently exist.

To find out if your development would be subject to the Development Levy, contact the Town Office at 306-882-2214 or email.

Real Estate Agents

To view properties for sale, contact the local real estate agents:

Available Properties

Properties can also be seen in the Classified section of the Rosetown Eagle, available in print in Rosetown.

The Town currently has residential lots for sale in the new Civic Centre subdivision. Please note that this listing does not include lots that are privately owned.