The City of Toronto’s Property Tax Rebate Program will rebate 30% of the tax attributed for vacant commercial properties and 35% of the tax attributed for vacant industrial properties located in the city of Toronto. Eligibility is based on: a building being entirely vacant for 90 consecutive days; partially vacant where the vacant portion is unused for 90 consecutive days and is clearly separated, or delineated from the used portions of the building. Commercial buildings must be either capable of being leased for immediate occupancy or undergoing or in need of repairs, renovations or construction that prevent it from being available for lease for immediate occupancy or is unfit for occupancy. A property is not eligible if it is used on a seasonal basis, leased to a tenant who is in possession of the leasehold interest and included in a vacant land subclass. Billed taxes on a  property must be paid in full. Rebates are processed separately. A maximum of two applications per property per year may be submitted by the property owner, property owner’s lawyer or registered paralegal or property owner’s agent or authorized representative. This rebate is not retroactive. The application deadline for the 2011 taxation year is February 29, 2012. If all eligibility requirements are met a rebate is processed and a cheque is issued to the property owner within 4 to 6 weeks.