Subscribe with RSS ReaderEmpty Homes Tax
WHEN CAN YOU SUBMIT YOUR DECLARATION?
Property status declarations cannot be made until December 2017.
Homes that are deemed empty will be subject to a tax of 1% of the property’s assessed value.
The Empty Homes Tax will be applied annually, with the first tax year beginning on January 1, 2017.
Most homes will not be subject to the tax, as it does not apply to principal residences or homes rented on a long-term basis.
Net revenues from the Empty Homes Tax will be reinvested into affordable housing initiatives.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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