Tel Aviv to double tax on empty apartments

27.10.2011                      29.Tischrei. 5772

Wohnungsmarkt:

Tel Aviv to double tax on empty apartments

Nationwide, municipal taxes to rise 3.1% next year.

The Tel Aviv municipality intends to double the city tax rates on homes left uninhabited for more than a year, it said yesterday, while all homeowners countrywide can expect to pay 3.1% more on average starting next year.
The Tel Aviv local government hopes the move will encourage property owners to rent out their apartments and help relieve the city's housing shortage. City officials said the Knesset Finance Committee will discuss the resolution next week….