How are vacancy taxes calculated?

Calculation methods vary by jurisdiction. Some common approaches include:

• A fixed amount per vacant unit.
• A percentage of the property’s assessed value.
• A rate based on the property’s square footage or frontage length.

For instance, Washington, D.C. taxes vacant properties at $5.00 per $100 of assessed value and blighted properties at $10.00 per $100.

Learn more about it here.