Most of Vancouver’s homeowners have filed their Empty Homes Tax declaration but 4,979 have yet to do so.
The City of Vancouver said this week that it’s allowing, for the second year, late declarations to be filed, although there will be a $250 bylaw ticket issued which will need to be paid or disputed before the declaration will be accepted.
Those property owners who chose not to make a declaration will have their property deemed vacant automatically and will be required to pay the tax at a rate of 1% of the property's 2018 assessed taxable value. The bylaw ticket will also need to be paid.
Those owners who are liable to pay the EHT must do so by April 12, 2019 to avoid an additional 5% surcharge. Those who haven’t paid by the end of the year will have the cost added to their property tax bill.
More market update: