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>The property owner pays taxes, right? My understanding is that they do not, for a listed building that is vacant.
by notatoad 3y ago
>The property owner pays taxes, right?
My understanding is that they do not, for a listed building that is vacant.
- CydeWeys 3y agoWell that's an easy fix right there. In the US you pay property taxes regardless.
- hn_throwaway_99 3y agoNot exactly. I mean, in the US, as far as I know in all/most jurisdictions you don't get a different tax rate depending on whether the property is vacant or not. But in many places you can get a sizable property tax deduction for historic designated properties, sometimes equal to 100% of the value of the structure. Note that in the UK "listed building" means the property is registered as being historically significant, https://en.wikipedia.org/wiki/Listed_building https://en.wikipedia.org/wiki/Listed_building.
- CydeWeys 3y agoThat's pretty rare though, especially in the US. And generally afaik, historic listings here impose a cost on the homeowner but not a benefit (i.e. a tax break).
- prepend 3y agoThat seems odd as in the UK property taxes are based on ownership, not vacancy. What makes you think vacant properties aren’t subject to taxes?
- hn_throwaway_99 3y agoThe exemption for vacant buildings only applies to listed buildings in the UK. E.g. https://www.clearway.co.uk/news/does-a-landlord-have-to-pay-business-rates-on-an-empty-property/ https://www.clearway.co.uk/news/does-a-landlord-have-to-pay-... : > If your commercial property belongs to one or more of the following categories, you’ll be eligible for an extended period of relief for business rates, provided that your property is fully empty and not in use: ... > If your building is a listed building, you will only begin paying business rates once the property is occupied once again