Tax,
Real Estate/Development,
Government
Jun. 19, 2020
LA aims to tax unoccupied rental units
Vancouver, Oakland, and Washington D.C. have already levied a vacancy tax, claiming it will motivate owners to return units to the market and maximize property use.
The debate over whether Los Angeles should tax property owners who leave their rental units vacant intensified this week after the City Council voted 13-0 to adopt such a measure for consideration on the November 2020 ballot.
Vancouver, Oakland, and Washington D.C. have already levied a vacancy tax, claiming it will motivate owners to return units to the market and maximize property use.
Los Ange...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In