12-18-2021, 11:17 AM
(12-15-2021, 10:29 AM)tomh009 Wrote:(12-14-2021, 08:09 PM)dtkmelissa Wrote: Not sure if there's a better thread for this or not, but Kitchener considers a vacancy tax. https://www.cbc.ca/news/canada/kitchener...-1.6284174
That's excellent news! They should additionally get rid of the discounted property tax rate on vacant land, as that rewards landowners for not developing it.
I'd like to see them consider a vacancy tax for commercial property as well. Maybe there's some reason it's not feasible... But naively, it seems like persistently vacant storefronts impose negative externalities on their neighbors and should be taxed accordingly.