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The City’s Finance and Economic Development Committee today approved a residential vacant unit tax to be charged on non-principal residences left vacant for more that 184 days in a year. Requiring owners to pay one per cent of the assessed value of such units is meant to encourage them to occupy, sell or rent their properties to help increase housing supply in Ottawa.
About 330,000 residential property owners across Ottawa would need to make an annual declaration of vacancy between January 1 and mid-March or be charged a $250 late declaration fee. The tax would be added to the final property tax bill each year, and net revenues from the tax would fund affordable housing. It is anticipated to generate about $6.6 million per year.
If approved by Council, the City would need to seek provincial approval to designate Ottawa to levy the tax. The tax would be implemented in 2022, with the first annual declaration and billing starting in 2023.
The Committee also received an update on the 2022 Municipal Elections, including a recommendation to offer a special mail-in ballot for the October 2022 election, as well as for any by-elections that might occur during the 2022-2026 term of Council. In light of the possibility that the pandemic may still be an issue, this process will allow electors the opportunity to vote without having to attend a voting place in-person. Voting day is Monday, October 24.
Recommendations from today’s meeting will rise to Council on Wednesday, March 9.
For more information on City programs and services, visit ottawa.ca, call 3-1-1 (TTY: 613-580-2401) or 613-580-2400 to contact the City using Canada Video Relay Service. You can also connect with us through Facebook, Twitter and Instagram.
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About 330,000 residential property owners across Ottawa would need to make an annual declaration of vacancy between January 1 and mid-March or be charged a $250 late declaration fee. The tax would be added to the final property tax bill each year, and net revenues from the tax would fund affordable housing. It is anticipated to generate about $6.6 million per year.
If approved by Council, the City would need to seek provincial approval to designate Ottawa to levy the tax. The tax would be implemented in 2022, with the first annual declaration and billing starting in 2023.
The Committee also received an update on the 2022 Municipal Elections, including a recommendation to offer a special mail-in ballot for the October 2022 election, as well as for any by-elections that might occur during the 2022-2026 term of Council. In light of the possibility that the pandemic may still be an issue, this process will allow electors the opportunity to vote without having to attend a voting place in-person. Voting day is Monday, October 24.
Recommendations from today’s meeting will rise to Council on Wednesday, March 9.
For more information on City programs and services, visit ottawa.ca, call 3-1-1 (TTY: 613-580-2401) or 613-580-2400 to contact the City using Canada Video Relay Service. You can also connect with us through Facebook, Twitter and Instagram.
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