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A comment on Vancouver plans to tax empty properties 1% of their assessed value.

Re:Vancouver plans to tax empty properties 1% of their asses... by bhc on Thursday November 10, 2016 @05:56PM (#12925370)
Is a flat rate fine a good idea in this case?

I imagine an investor keeping his or her $30M mansion just as a hedge against RMB depreciation and keeping it empty will think nothing of the $10,000 fine.

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Re:Vancouver plans to tax empty properties 1% of their asses... by elchief on Thursday November 10, 2016 @05:59PM (#12925387)
it's 1% of the previous year's assessed value. $10,000 was an example

http://vancouver.ca/news-calendar/vancouver-introduces-empty...

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Re:Vancouver plans to tax empty properties 1% of their asses... by cecilpl on Thursday November 10, 2016 @06:00PM (#12925397)
The headline assumes a $1m house. From the article:

> The empty-home tax will take effect by Jan. 1 and will be calculated at 1 percent of the property’s assessed value.

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Re:Vancouver plans to tax empty properties 1% of their asses... by pbhjpbhj on Thursday November 10, 2016 @07:37PM (#12926259)
Why could you not make the charge for non-payment be something like 50% of the assessed value or repossession of the property. Why do you have to leave an easy route out.
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