Some Mountain Towns are Eyeing Vancouver-style Vacancy Taxes. Could it Help Address Housing Crises?

Vancouver’s taxes on vacant residences have reduced the number of empty homes and apartments. The tax on empty homes was levied in an effort to ease the lack of housing, especially affordable housing. The tax has generated money for affordable housing projects in addition to encouraging property owners to rent out their residences. The success of the tax is encouraging other cities to enact similar laws.

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