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Senator proposes single property tax rate with vacancy surcharge; committee to study implementation
Summary
At a committee meeting, a state senator proposed replacing multiple property tax rates with a single rate for both residential and commercial property and adding a surcharge tied to vacancy to discourage unused housing and empty storefronts.
At a committee meeting, a state senator outlined a proposal to move to a single property tax rate for commercial and residential property and to add a surcharge tied to vacancy, saying the approach would tax behavior rather than property type.
The senator said the idea is to set one uniform rate and then “change how you tax different behaviors and specifically get at vacancy,” arguing the change would reduce incentives to leave housing or commercial space unused. The senator described adapting mechanisms used in last year’s property transfer tax—homestead declarations and landlord certificates—as possible ways…
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