The Institute on Taxation and Economic Policy (ITEP) has released a new blog posting explaining that vacancy and blight taxes can motivate property owners to reuse vacant buildings and provide modest municipal revenue, but they work best alongside other tools like land banking, code enforcement, or rehabilitation programs.
To view the full posting, please click here.
About ITEP:
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems. ITEP’s expertise and data uniquely enhance federal, state, and local policy debates by revealing how taxes affect people at various levels of income and wealth, and people of different races and ethnicities. We also help make the case for raising enough revenue to truly meet all our societal needs. Our work is designed to provide the best possible information and to put forth a vision of a more racially and economically equitable tax system at all levels of government.