Vancouver Mayor Gregor Robertson announced the city expects to collect $30M in revenue from the city’s empty homes tax this year. The empty homes tax, which fines homeowners 1% of the assessed value if homes are left vacant (a home not occupied or rented for at least 6 months of the year), has already collected $17M in taxes this year and hopes to collect the remaining $13M in the coming months. The median amount of tax paid was $9,900, though taxed amounts varied from $1,500 up to more than $250,000. Per a tweet from the Mayor’s twitter account, “1,200 were declared vacant by the owner. 2,100 failed to declare, and they are deemed vacant. 5,200 properties were exempt.”

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