Motion: Property taxes on vacant property

City Council

Motion: Optional tax on vacant residential units

Moved by / Motion de: Mayor J. Watson

Seconded by / Appuyée par: Councillor C. McKenney

That City Council approve that the Rules of Procedure be suspended, as the next Council meeting is January 27, 2021 and the City requires direction to study tax policies for affordable housing purposes;

WHEREAS the provincial Minister of Finance may, by regulation, designate the City of Ottawa, as having the power to impose an optional property tax on the assessment of vacant residential units, pursuant to Section 338.1 of the Municipal Act, 2001; and

WHEREAS other municipalities in Ontario are conducting reviews of the optional property tax on vacant residential units to address residential properties left vacant for extended periods until sale or redevelopment, that could be used in the interim for rental housing; and

WHEREAS the City is developing a Long Range Financial Plan (LRFP) to support the construction of affordable housing through Ottawa Housing Corporation and recognizes the importance of sustained funding for affordable housing, and

wishes to explore the proposed residential vacant unit tax as a means to finance a portion towards affordable housing;

THEREFORE BE IT RESOLVED THAT the City study the power to impose an optional property tax on the assessment of vacant residential units including an analysis of potential revenue and report back by the end of the second quarter of2021 on the feasibility and viability of implementing such as tax.

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