Section 12 of the Local Government Finance Act 2012 provided local authorities the power to levy extra council tax of 50% on domestic properties which have been vacant for more than two years, The Council has used this power since April 2013. Members considered a request to approve the alterations of council tax levied on properties in the Borough of Broxtowe which had been vacant for a period of two years or more.
RESOLVED that the increase in the Council Tax Empty Property Levy be as follows:
1. Adopt an empty property levy at 100% for dwellings that have been vacant for more than two years from 1 April 2020.
2. Adopt an empty property levy at 200% for dwellings that have been vacant for a period of five or more years from 1April 2020.
3. Adopt an empty property levy of 300% for dwellings that have been vacant for ten or more years from 1April 2021.