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The Housing & Economic Development Committee voted 5-0 to recommend favorably with amendments Ordinance 25-0088, which would create a subclass for vacant lots and vacant structures and apply a special real property tax rate while requiring notice, rules, and an annual report.
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The committee approved sending an ordinance forward that would put empty lots and vacant buildings into a separate tax category and charge them a special property tax rate. If the full City Council adopts the ordinance, owners of those properties would be subject to the new tax classification and the city would have to provide notice to owners, adopt implementing rules, and publish an annual report.
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25-0088 Taxes – Property Tax – Vacant Lots and Vacant Structures
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