Introduced earlier this year by the Democratic Socialists of America and Faith in Action Bay Area, Proposition M, also known as the Empty Homes Tax, will tax property owners who have at least three units that have been vacant for more than six months. The tax amount is dependent on unit size but will be between $2,500 and $5,000 per empty unit for the first two years of vacancy, with up to $10,000 for any at three or more years. The tax will begin starting in January 2024

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