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PRESIDENT’S MESSAGE

It is interesting to see how property taxes are being used in some countries as a means of “persuading” the world’s wealthiest people not to leave properties empty. This is a current issue in London and many other major cities around the globe who have been grappling with the problem of “buy-to-leave”. Higher rates of tax for owners and buyers seem to be the preferred choice. In Vancouver, where an estimated 20,000 properties were lying empty all or much of last year, a new tax on empty homes was introduced at the start of this year. The city is now charging 1% of the value of any property left empty for at least six months a year. Owners must declare that this is the case, or face fines of up to $10,000 a day if they do not and are found out

IPTI X-TRACTS

IPTI Xtracts is a collection of news articles from around the world providing an update on property tax and assessment related matters.
The information contained in Xtracts is gathered from published information and is updated regularly.

IPTIPEDIA

IPTIpedia provides a consolidated source of property tax and assessment information.