New Resident Incentive Programs
The New Resident Incentives offer the following tax breaks and incentives to new and existing residents in Ponoka:
Residential New Build Incentive
Renewed until December 31, 2025
New and existing residents who build or buy a newly-built home not previously occupied in the Town of Ponoka can qualify for this program.
This incentive allows citizens to enjoy the following tax savings over three years:
- 75 per cent reduction on the municipal portion of your property taxes in the first year following the construction of a new home;
- 50 per cent reduction in Year 2; and
- 25 per cent reduction in Year 3.
That would add up to a total tax savings of more than $4,500 on a house with an assessed value of $380,000! (This example is based on 2022 property tax rates).
To qualify, applications must be received in the same year in which the development permit is issued.
Please note that applicants who build or buy a newly-built home in the Town of Ponoka and are moving to Ponoka from another community can also access the New Resident Incentive (please see below).
To apply for the Residential New Build Property Tax Incentive, please phone (403) 783-0127 or email by clicking here. Or click here to contact us.
New Resident Incentive Program:
Renewed until December 31, 2025
New residents who buy and move into a resale or previously lived in home in the Town of Ponoka can receive a free one-year family recreation pass to the Ponoka Aquaplex and Ponoka Arena Complex.
The Ponoka Aquaplex features a 25-metre indoor swimming pool, wading pool, deep tank with a 10-foot corkscrew slide, hot tub and sauna.
The pass also includes free access to:
- Racquetball/squash courts;
- Public swimming and water fitness at the Ponoka Aquaplex;
- Drop-in programming (basketball, badminton, volleyball, etc); and
- Public skating/shinny hockey at the Ponoka Arena Complex.
To qualify, you must have moved to the Town of Ponoka from a different municipality. Applications must be submitted in the same year as the applicant’s possession date of their new property.
To apply for the New Resident Incentive, please phone (403) 783-0127 or email by clicking here. Or click here to contact us.
