Bill > H3660

This bill establishes a local option empty homes tax on vacant residential units in buildings with at least 6 dwelling units. The tax rate is set at 12.5% of the annualized last agreed-upon monthly rental rate or a rate determined by the municipality. Owners of vacant units must register them with the local assessor within 30 days of the unit becoming vacant. The assessor can impose the tax if a unit is found to be vacant and unregistered. The tax does not apply to units undergoing redevelopment or in certain circumstances such as the owner experiencing a medical event or military deployment. Owners who qualify for an exemption must apply to the assessor.

Budget and Finance

https://malegislature.gov/Bills/193/H3660