Where: Wyoming
What legislation? Draft legislation by WY Rep. Yin
How is the tax levied?
- On Property that is vacant 6 months or more per year
- Flate fee
- 5% of revenue stays with county
- 95% goes to the state Property Tax Refund Program
Policy Supporting argument: This incentivizes more housing in the community by encouraging renting vacant houses
Have other cities tried this? YES
- Vancouver say a 15% decline in the vacancy rate
- Paris raised the tax rate on vacant homes