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Who Pays the Vacant Homes Tax?

October 28, 2024

Top Real Estate Agents in San Francisco, Pacific Edge Real Estate Group

Generally, anyone who owns a residential property that was vacant for more than 182 days this year. Buildings with 2 or fewer units, including single family homes, are exempt. Condos in buildings with 3 or more units are not. *

So if you have a rental property that was vacant for more than 6 months, or a pied-a-terre/vacation home in SF, you might be subject to the tax.

There are various exemptions for construction projects, death of the owner, etc. and you can find those HERE on the city website.

How much is the vacant homes tax?

It depends on square footage. Rates for 2024 are:

Square Footage of Residential Unit	2024 Tax Rate
Less than 1,000	$2,500
1,000 to 2,000	$3,500
Greater than 2,000	$5,000

In subsequent years, the amount of the tax will double. So if you pay $5,000 in 2024 and the unit is again vacant for more than 182 days in 2025, the tax for 2025 will be $10,000. *

*As always, consult your tax professional to determine whether or not you are subject to this tax, and what amount you owe.