According to the WSJ, New York City is budgeting to collect $30.8 billion in property taxes for fiscal year 2021. These tax bills will go out on June 1 and payments will start becoming due on July 1, which is the start of the city’s… Read More
All posts tagged “property tax”
New York’s “pied-à-terre tax” explained
New York is close to implementing new “pied-à-terre tax.” If the bill passes, which the New York Times believes is likely, cities of a million or more people will be able to levy an additional property tax on non-primary residence homes worth $5 million or… Read More
Documenting a city
Starting in the late 1930s, New York City began hiring photographers to document each and every building in the city. It did this to improve the accuracy of its tax assessments, and so every photo was taken with a sign board indicating the building’s block… Read More
Vancouver’s Empty Homes Tax
In an effort to curb the much talked-about and much debated empty home situation in Vancouver (supposedly the number is ~20k vacant homes), the city, as many of you know, implemented an Empty Homes Tax. To enforce this, the City of Vancouver now requires that… Read More
“I hate golf”
I am a big fan of Malcolm Gladwell, and not just because he’s Canadian and went to the University of Toronto (my alma mater), although those facts certainly don’t hurt. I’m late to his podcast, Revisionist History, so in case some of you are as… Read More
Thoughts on land-value taxation
Yesterday I wrote about a new book that was just released called The Next Urban Renaissance. The first essay in the book, written by Ingrid Gould Ellen of New York University, is centered around three ideas to help cities deal with the affordable housing problem.… Read More