Vacant Property Tax Hearing Tomorrow, October 22nd

The Ways and Means Committee will hear the legislation adding to the property tax for vacant and abandoned properties. This is one of the pieces of the puzzle to tackle vacant properties. The legislation states that starting in 2026 tax year, the properties that have vacant building notices on them will receive property tax bills for 3 times the current tax rate, and then 4 times the current tax rate each year after that. There are significant notice requirements as well. The purpose is to make more properties eligible for the In Rem process. You can find my testimony I am submitting that has a full explanation of the bill below or click here.