Tax on empty residences could net city $60M-$417M in revenue, COFA analysis says - The Daily Line

Michael McDevitt

AUG 26, 2025

Tax on empty residences could net city $60M-$417M in revenue, COFA analysis says
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City Hall is pictured. [Don Vincent/The Daily Line]

The City Council Office of Financial Analysis (COFA) examined a proposal to tax vacant real estate to drum up new revenue for the city and potentially help alleviate the city’s affordable housing shortage.

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