The Sault has 27,420 properties in the residential class, 89 of which are believed to be vacant
If approved, the new tax will be implemented in 2025 for 2024 vacancies.
"The VHT is not intended to generate revenue," Schell and Tonazzo say in a report prepared for Monday's council meeting. "A VHT will motivate property owners to rent out or occupy their empty units. Similarly, a VHT will encourage property owners who do not intend to rent or occupy their vacant units to sell them to someone who will.The Schell-Tonazzo report recommends a complaint-based approach be used to identify vacant residential properties
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