Empty Homes Tax
Homes that are deemed empty will be subject to a tax of 1% of the property’s assessed value.
Most homes will not be subject to the tax, as it does not apply to principal residences or homes rented on a long-term basis.
The Empty Homes Tax will come into effect in January 2017, but it will not be assessed and payable until 2018.
Net revenues from the Empty Homes Tax will ...