To encourage the development of new business in the community, the Town Council of Deer Lake has approved a Business Tax Incentive Program. The incentive exempts the new property from Business Tax for the first year and phases the tax in over five years as follows:

Year 1Business Tax exempt
Year 220% of the assessed Business Tax
Year 340% of the assessed Business Tax
Year 460% of the assessed Business Tax
Year 580% of the assessed Business Tax
Year 6100% of the assessed Business Tax

The incentive is also available to existing businesses that expand their operation and increase the assessed value by $50,000 or more.