Share this Story : Ottawa looks to 'strengthen' vacant unit tax program with graduated tax rate Copy Link Email X Reddit Pinterest LinkedIn Tumblr Breadcrumb Trail Links News Local News Ottawa looks to 'strengthen' vacant unit tax program with graduated tax rate After completing 2023 appeals and audit phases, 3,672 Ottawa units, or 1.1 per cent, were identified as vacant — a much higher number than expected. Get the latest from Joanne Laucius straight to your inbox Sign Up Author of the article: Joanne Laucius Published Nov 06, 2024 • Last updated 1 minute ago • 4 minute read Join the conversation You can save this article by registering for free here .
Or sign-in if you have an account. The Vacant Unit Tax produced $12.6 million in revenue for the City of Ottawa in 2023.
The program cost $2.3 million to run, leaving net proceeds of $10.3 million, which goes towards affordable housing initiatives.
Photo by Jean Levac / Postmedia News Article content Ottawa’s unpopular vacant unit tax generated $12.6 million in its first year, but the city believes a graduated tax rate will generate up to $4 million in additional revenue. About half the properties charged the vacant unit tax (VUT) in 2023 remained vacant in 2024, indicating resistance to the measures in place, said a report represented Wednesday to the city’s joint finance and corporate services and planning and housing committee.
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