616 Vacancy Tax

• 616 (1) The Council may, by by-law, impose an annual vacancy tax on a parcel of taxable property in accordance with this Part.
• (2) A registered owner of taxable property must pay the vacancy tax imposed on that parcel of taxable property by a vacancy tax by-law.
• (3) A vacancy tax, together with any applicable penalties and interest payable under section 618(d), owed to the city is a debt due to the city and is a levy that

• (a) is a charge or lien on the real property on or in respect of which the vacancy tax is imposed,
• (b) has priority over any claim, lien, privilege or encumbrance of any person except the Crown, and
• (c) does not require registration to preserve it.

• (4) The city may use monies raised from a vacancy tax only for the purposes of initiatives respecting affordable housing and for the administration and collection of the vacancy tax.

2016-27-1.