Vancouver Vacancy Tax
The City of Vancouver enacted the Vancouver Vacancy Tax Bylaw to come into effect for 2018 under Bylaw #11674. The tax of 1% will be imposed if a property is deemed either unoccupied or vacant.
All properties solely classified under class 1 are eligible for the tax. Thus, vacant residential development land can be liable for tax, however, if it has a split class, the City has stated it will not be liable to the tax or require a declaration to be completed. Every residential property must make a declaration within the definition even if it is exempt.
A residential property is considered unoccupied if it is not:
- The principal resident of an occupier; or
- Occupied by a tenant or subtenant for a term of at least 30 consecutive days.
The property is considered vacant if it:
- Has been unoccupied for more than 180 days during the vacancy reference period (12 months of the tax year); or
- Is deemed to be vacant property in accordance with the by-law
There are circumstances when the property is exempt outlined in the bylaw.
In particular if:
- It is undergoing redevelopment or major renovations. Permits must have been issued,
- It is considered unimproved property and an application for redevelopment has been submitted and is being diligently pursued,
- It is undevelopable due to physical constraints (eg. Parcel size restraints),
- The lawful use of the property is for parking,
To file a declaration, go to Vancouver.ca/eht-declare
If you have any doubts as to whether you should make a declaration, call the City. 311
Publications
- Additional School Tax (AST) APPEALS UPDATE
- Effect of Consolidation on Property Taxes
- 2024 Property Assessment Value Changes
- Potential Property Tax Relief For Local Businesses
- Reasons For Landlords To Appeal Their Property Assessments
- Developers need to Appeal the Additional School Tax (AST)
- Misconceptions within the Property Assessment Process
- Additional School Tax Exemption for Developers
- Minimizing Property Tax on Development Land
- Assessment Of Residential Sites Under Construction
- Should Homebuilders Be Paying Additional School Tax?
- Vancouver Vacancy Tax
- Resolving Disputes - A New Approach
- Opportunities for Brokers
- How are School Taxes Calculated? | doc