Plans to double-tax second homes approved
Plans to introduce a 100 per cent premium for council tax bills on second homes in York have been approved unanimously by councillors at a meeting of Full Council yesterday (15th December).
This will see tax bills for second home owners double as soon as legislation has been implemented in Westminster.
Second home ownership in York was estimated at 429 in 2020/21, according to the National Housing Federation, and is recognised to have a negative impact in terms of the supply of homes available to meet local housing need.
It is expected that, once implemented, the premium could provide over a £740k boost to council’s finances to deliver crucial local services, including provision of affordable homes.
During the debate, councillors also noted the need for Government to urgently give greater powers to councils to control holiday lets to ensure this does not become an easy loophole that can be abused by second home owners.
Lib Dem Councillor Tony Fisher commented:
“It is great to see the Liberal Democrat motion on doubling council tax for second homes gain unanimous approval by councillors of all parties and none.
“The considerable number of second homes in the city is undoubtedly adding to the issue of access to affordable housing. Many of these second homes are “investment” properties, restricting the housing supply and maintaining high property prices, to the detriment of those locals seeking to buy.
“York cannot afford to have large numbers of homes lying empty and unoccupied for most of the year, when there are many people in need of housing. As a Council, we’re keen to do everything in our powers to ensure that York has the right mix of homes, so our communities remain sustainable for future generations.
“This action is ultimately aimed at bringing second homes back into use for local communities. The premium would also see council services receive a direct boost from the extra income. At a time when a decade of Government cuts combined with the impact of covid and inflation is leaving the delivery of local services on the brink, this extra support will be absolutely crucial.”