To be clear, the courts ruled the tax was fine to proceed. It's the UCP stepping in with likely changes to the MGA that will prevent it.
Quote:
The Town estimates it will cost $920,000 to administer the vacant home tax in 2026 and $820,000 in 2027.
Krausert said a lot of the costs would only be incurred once the program is active and would be for enforcement. How much would be left to funnel into a reserve after administrative costs is not known.
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Ballpark math based on numbers elsewhere in the article suggest it would have raised an extra $6M or so per year from all 2nd homeowners (so a little over $5M net). It's probably more like $2.4M if it's non-Albertans, and who knows if/how much the admin costs would be reduced?