VANCOUVER (NEWS 1130) — Vancouver homeowners have less than a month left to declare their property status to avoid paying the Empty Homes Tax.
The deadline is Feb. 2 and city staff say so far only 46 per cent have filed the appropriate paperwork.
And if you don’t file before the deadline you could be fined $250.
Homes occupied less than six months a year are subject to the tax which has seen the number of vacant properties drop 25 per cent over the last couple of years.
City staff are also reporting it’s generated more than $60-million dedicated to affordable housing initiatives.
For more information or to make a declaration, visit vancouver.ca/eht-declare.
Since the #EmptyHomesTax was introduced, $60-million+ has been dedicated to affordable housing initiatives.@CityofVancouver also reports the number of vacant properties has dropped 25%. #vanpoli #bcpoli @NEWS1130
More details available here https://t.co/q3ah3b7J8r.
— Marcella Bernardo (@Bernardo1130) January 5, 2021