California voters weigh tax on vacant vacation homes in South Lake Tahoe

abc7.com October 31, 2024, 07:01 PM UTC

California voters in South Lake Tahoe are considering Measure N, which would impose a $3,000 tax on vacation homes that are vacant for 182 days or more each year. The tax would increase to $6,000 for homes that remain empty in subsequent years. The measure aims to address the housing crisis by encouraging homeowners to rent their properties. South Lake Tahoe has about 7,000 vacant homes, contributing to a shortage of affordable housing for local workers. Supporters believe the tax could generate up to $20 million annually for housing projects, while opponents argue it infringes on property rights. The measure has sparked significant debate in the community, which has a population of around 21,000 residents.


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