If you have a vacant home that sits vacant for more than six months, you have to pay 1% of the value of the home in addition to the property taxes you're already paying.
New tax in Toronto
- Thread starter DerekJohnson
- Start date
Minneapolis says hold my beer.
https://www.powerlineblog.com/archives/2023/01/how-dumb-can-a-politician-get.php
HOW DUMB CAN A POLITICIAN GET?
The City of Minneapolis was in decline before covid, and before George Floyd. Abysmal governance and high costs had closed or driven away many businesses. Then came the covid shutdowns, riots and skyrocketing violence, and the city has turned into a disaster area. Who would want to try to run a business in Minneapolis? Not many people, it turns out. So the city’s streets are lined with closed or abandoned storefronts.
This gave Minneapolis’s City Council a great idea: a tax on vacancy! That will force whoever owns the buildings to put businesses in them whether they like it or not, and regardless of whether they make money. Brilliant.
Lest you think I am making this up, Robin4mpls is a member of the Minneapolis City Council:
https://www.powerlineblog.com/archives/2023/01/how-dumb-can-a-politician-get.php
HOW DUMB CAN A POLITICIAN GET?
The City of Minneapolis was in decline before covid, and before George Floyd. Abysmal governance and high costs had closed or driven away many businesses. Then came the covid shutdowns, riots and skyrocketing violence, and the city has turned into a disaster area. Who would want to try to run a business in Minneapolis? Not many people, it turns out. So the city’s streets are lined with closed or abandoned storefronts.
This gave Minneapolis’s City Council a great idea: a tax on vacancy! That will force whoever owns the buildings to put businesses in them whether they like it or not, and regardless of whether they make money. Brilliant.
Lest you think I am making this up, Robin4mpls is a member of the Minneapolis City Council: