Election 2022: Measure M, Berkeley’s vacancy tax, aims to curb real estate speculation - News Summed Up

Election 2022: Measure M, Berkeley’s vacancy tax, aims to curb real estate speculation


We answered some of the most common questions about the vacancy tax. How much will the vacancy tax charge? The vacancy tax begins at $3,000 or $6,000 per unit annually. Berkeley’s vacancy tax is modeled after an existing vacancy tax in Vancouver, British Columbia, Canada. Oakland created a vacancy tax similar to the one proposed in Berkeley in 2018 and brought in $5.6 million in its first year.


Source: CBC News October 23, 2022 22:30 UTC



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