The Washington D.C. Council recently passed legislation that will make it more expensive for owners to hold vacant or blighted property.
The Vacant Property Enforcement Act of 2016 reduces the maximum amount of time a vacant property can qualify for an exemption from higher vacancy tax rates. It also closes a loophole that allows continuous renewal of construction permits to qualify for tax exemptions, and require owners of vacant properties to prove they are no longer subject to the higher tax rates.
"The District has a substantial number of vacant properties, many of which are poorly maintained,” the bill report says. "Property owners may keep their properties vacant or fail to maintain them because they expect property values to rise over time. Poorly maintained and vacant properties can damage surrounding communities by being eyesores, by serving a venue for drug use and by providing a home for rodents or other animals. The net effect is to reduce the feeling of a cohesive community and depress surrounding property values."
The legislation reduces the time an owner can claim an exemption from higher taxes because of construction to one year for residential properties and to two years for commercial properties. Fines for failing to comply with city property regulations will rise from $1,000 to $5,000.
Related Stories
| Jun 14, 2012
Minnesota Vikings stadium plan gets legislative go-ahead
Legislation that approved the construction of a new billion dollar stadium for the Minnesota Vikings passed the Minnesota legislature.
| Jun 14, 2012
Report alleges New York’s prevailing construction wages are miscalculated, costing billions
A miscalculation in how prevailing wages are calculated in New York reportedly costs the state $3 billion a year in public-infrastructure projects.
| Jun 14, 2012
AGC, other business groups oppose hiring rules for disabled
Business groups have asked the U.S. Department of Labor to reconsider a proposed hiring quota aimed at federal contractors pertaining to people with disabilities.
| Jun 5, 2012
HP Labs aims for net-zero energy data centers
Building sustainable data centers is one of the goals of HP Labs, and it believes technology, combined with the right building techniques, could result in the construction of energy-efficient data centers.
| Jun 5, 2012
USGBC delays LEED 2012; renames it LEED v4
In response to concerns by LEED users, the U.S. Green Building Council (USGBC) announced that it will delay the ballot on LEED 2012 until June 1, 2013.
| Jun 5, 2012
Baltimore officials vow to block $1.8 billion urban renewal project
Baltimore officials want to block a $1.8 billion urban renewal project until more neighborhood residents and minority contractors are hired and displaced residents can benefit from the revitalization.
| Jun 5, 2012
OSHA launches campaign to warn of heat dangers in outdoor work
The Occupational Safety and Health Administration has begun a campaign to warn outdoor workers about the dangers of heat exposure.
| Jun 5, 2012
AGC’s Safety and Health Conference focuses on regulations, legislation
More than 150 industry professionals and other attendees will participate in the Associated General Contractors of America’s (AGC’s) safety and health conference July 11-13 in Washington, D.C.
