Major Home Renovation Incentive Program

Couple doing home renovationsPonoka residents who complete major renovations on their home between January 1 and December 31, 2022, can qualify for property tax breaks through the Town of Ponoka's Major Home Renovations Incentive Program.

To qualify, the renovation must increase the home's assessment value by at least 20 per cent (excluding land assessment value).

Examples of major renovations that may qualify for the program include:

  • Finishing a basement;
  • Building an attached or detached garage;
  • Building an addition to increase square footage of a home;
  • Major kitchen renovations; or
  • Complete renovation of a main living area.

Residents who complete renovations that increase their property assessment value by at least 20 per cent can receive:

  • a 75 per cent reduction on the increase in the municipal portion of their taxes in Year 1;
  • a 50 per cent reduction on the increase in Year 2; and 
  • a 25 per cent reduction on the increase in Year 3.

Apply Today!

To apply for the Major Home Renovations Incentive, click here to fill out an application form. If you have any questions, please phone (403) 783-0127 or email RealLiving@ponoka.ca.


To learn more about our New Resident or Business Incentive Programs, please click here.