Anonymous user
Vacancy tax: Difference between revisions
no edit summary
imported>Tmccormick No edit summary |
imported>Tmccormick No edit summary |
||
Line 4:
== San Francisco (proposed) ==
▼
▲<br/>
== Vancouver ==
"To address Vancouver’s housing crisis, we have implemented an annual tax on empty or under-utilized residential properties called the Empty Homes Tax. Every owner of residential property in Vancouver is required to submit a property status declaration each year to determine if their property is subject to the tax.
*Properties deemed empty will be subject to a tax of 1% of the property’s assessed taxable value.
*Most homes will not be subject to the tax, as it does not apply to principal residences or homes rented for at least six months of the year; however all homeowners are required to submit a declaration.
*Net revenues from the Empty Homes Tax will be reinvested into affordable housing initiatives.
* The Empty Homes Tax is also known as the Vacancy Tax and is imposed under the Vacancy Tax By-law No. 11674.<br/>
== References ==
Line 10 ⟶ 21:
*New York Times Editorial Board. "[https://www.nytimes.com/2017/11/19/opinion/nyc-empty-stores.html Why Is New York Full of Empty Stores?]" ''New York Times. ''NOV. 19, 2017. <br/> [https://www.nytimes.com/2017/11/19/opinion/nyc-empty-stores.html. https://www.nytimes.com/2017/11/19/opinion/nyc-empty-stores.html. ]
*Pender, Kathleen. "[http://www.sfchronicle.com/business/networth/article/Should-SF-tax-empty-homes-and-buildings-11306541.php Should SF tax empty homes and buildings?]" ''San Francisco Chronicle''. 22 July 2017. <br/> [http://www.sfchronicle.com/business/networth/article/Should-SF-tax-empty-homes-and-buildings-11306541.php http://www.sfchronicle.com/business/networth/article/Should-SF-tax-empty-homes-and-buildings-11306541.php].<br/>
*Vancouver, City of. "[http://vancouver.ca/home-property-development/empty-homes-tax.aspx Empty Homes Tax.]" [http://vancouver.ca/home-property-development/empty-homes-tax.aspx http://vancouver.ca/home-property-development/empty-homes-tax.aspx].<br/> accessed 18 Jan 2018.
| |||