THE LEGISLATIVE TRACK: VACANCY TAXES

Housing groups in cities up and down the state of CA are proposing a vacant property tax as one solution for the affordable housing crisis. But will this “empty homes” penalty prevent speculators from sitting on properties, leaving them vacant until they can demand a higher price? Will the penalties paid by these property owners actually make their way towards homeless services or to build new housing? In LA, there is a push for a referendum on the vacancy tax for the March or November 2020 ballot. How will you vote?

Click here to read more

Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA 90069

keith.kaplan@sothebyshomes.com

310-646-7791

Be the first to comment

Please check your e-mail for a link to activate your account.