January 12, 2023
If you own a vacant residential unit in San Francisco you may be subject to a new tax initiative starting January 2024. The measure is an effort to put empty units back onto the market and provide more housing. Details are below.
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Property owners of condos, lofts, TICs, or Co-Ops in a 3-unit building or larger. San Francisco’s Empty Homes tax will tax owners who leave their units vacant for 182 days (6 months) or longer, whether consecutive or non-consecutive.
Single-family homes and duplexes are exempt. Units “occupied or intended for occupancy primarily by travelers, vacationers, or other transient occupants” are not subject to the tax. This excludes hotel rooms from the tax. Nursing homes and residential care facilities are also exempt.
Are there any limits to the 182 day Empty Home Tax clause?
The vacancy tax is based on the square footage of a unit plus how many years it has been left vacant. It is designed to address the 75.9% of property vacancies.
Revenue from this tax will go towards subsidies for seniors and low-income households, and pay for more affordable housing.
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