Business Revitalization Zone Assessment
A Business Revitalization Zone (BRZ) is a commercial area within the City of Edmonton where business owners have combined efforts to enhance and promote their business area.
Through services, programs and event production, BRZs help promote their areas as business and shopping destinations. The membership of a BRZ consists of local business owners, with each BRZ governed by a member-appointed board.
All businesses within a BRZ, including professional corporations, pay a BRZ tax. This BRZ tax goes directly to the BRZ association that your property is located in.
Assessment process for a BRZ tax
The City of Edmonton conducts assessments annually on all businesses within a BRZ by placing a value on any space occupied or used for the operation of the business.
The value is determined using typical net rents paid for similar space within the BRZ. Analysis of rental information collected from landlords, tenants and building managers is used to determine the value of different types of space.
The resulting net annual rental value is based on factors recognized in the marketplace such as space type, location, quality of space and size. The typical net annual rental value is based on averages in the marketplace and may not necessarily be the same as the actual rent paid for the space.
Benefits of a BRZ tax
BRZs operate as non-profit corporations. Programs, services and operations in support of each business district are financed by the BRZ tax. BRZs submit operating budgets annually, for review and approval by City Council.
The City of Edmonton is required by provincial legislation to collect BRZ taxes and distribute those funds to each BRZ for the purpose of implementing the specific improvements approved by the membership within each zone.
For More Information
Assessment Information
| Telephone | In Edmonton: 311 Outside Edmonton: 780-442-5311 |
|---|---|
| TTY | 780-944-5555 |
| assessment@edmonton.ca |
Business Revitalization Zone Tax Information
| Telephone |
In Edmonton: 311 |
|---|---|
| TTY | 780-944-5555 |
| taxes@edmonton.ca |
