Hello Ward 8 Neighbours,
This September, the City of Hamilton is inviting all community members to participate in a Vacant Home Tax Survey to understand how implementing a vacant home tax will impact residents and homeowners as well as determine what factors the City needs to consider upon implementation.
For more details, please continue reading below…
Back in December of 2019, Council directed staff to review the feasibility of imposing a tax on vacant residential properties to encourage occupation of those properties.
After that review, further direction was provided on July 5, 2021, to city staff to develop a framework for the Vacant Home Tax.
According to the 2016 census data, Hamilton had 11,350 unoccupied private dwellings of which, an unidentified number that have been purchased solely for speculation purposes. Implementing a vacant home tax (VHT) could encourage homeowners to occupy or rent their properties while increasing the housing supply and affordability of housing. Identifying vacant units is the most challenging piece for the implementation of the Vacant Home Tax.
A tax on vacant properties is designed primarily as a housing tool in which the revenue collected would be used to support affordable housing initiatives around the city, to help those struggling to find suitable accommodations.
The City would like to hear from you and understand resident and stakeholder opinions on the need to implement a Vacant Home Tax and what other factors the City will need to consider in implementing this tax.
The full survey can be found via the Engage Hamilton tool, which can be accessed by clicking this link.
The survey runs from September 7 to September 28, 2021.
Questions or concerns?
If you have any questions or concerns, you can contact our office here.