Thousands of Toronto homeowners failing to do something that's now required Toronto TorontoRealEstate RealEstate
Residential properties that are declared vacant for six months or more during the taxation year and without an eligible exemption will be required to pay the tax.
A tax of one per cent of the Current Value Assessment will be imposed on all Toronto residences that are declared/deemed/determined vacant for more than six months during the previous year. City Council's amendment to the Vacant Home Tax bylaw also includes a change to the payment dates for the tax. Instead of a one-installment payment date of May 1, owners of properties subject to the tax can submit payments in three installments on May 1, June 1, and July 1.The City will be mailing reminder notices to property owners who did not declare their property's occupancy status by the original Feb. 2 deadline.
If you've missed the deadline, you can make the declaration of your property's occupancy status on the
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