Real Estate/Development,
Government
Feb. 15, 2023
Property owners sue San Francisco over vacancy tax
Janan New, executive director for the San Francisco Apartment Association, said, “By severely penalizing property owners who — either by choice or due to difficult market conditions — have residential units that remain vacant for more than half a year, the city is seeking to force property owners to rent units they don’t wish to rent, or at least to rent them before they are ready to do so.”
A group of San Francisco property owner organizations sued the city for allegedly violating their constitutional rights by passing a vacant home tax that could result in a tax bill of up to $20,000 a year for those whose properties are not occupied for at least six months a year.
According to an economic impact report from the San Francisco City Controller Ben Rosenfield’s office, the number of vacant units in the city increased by 40% in ...
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