Re:San Francisco's zoning makes it illegal to build apartmen...
by refurb on Thursday July 19, 2018 @01:28PM
(#17568572)
I've heard some cities thinking about imposing a supplemental tax on unoccupied housing.
British Colombia already has an "unoccupied home" tax.[1] Of course Canadians who bought a vacation home in BC are getting the shaft. 2% of the home's value for a foreigner.
[1]https://www2.gov.bc.ca/assets/gov/taxes/property-taxes/publi...
I've heard some cities thinking about imposing a supplemental tax on unoccupied housing. It would help a lot, not just in skyscrapers but also in low-density areas where slumlords let their houses rot waiting for the land values to rise.
But unfortunately, the same people who would get hit by this tax are the most solid part of the tax base. Real estate taxes are a huge part of many cities revenue. Increasing them is never popular.