A feasibility study raised some eyebrows with it's high figures.
A feasibility study concluded a Vacant Home Tax in Kingston would be too costly and too risky for the city to proceed.
Council unanimously voted to not move ahead with the program, which would've seen vacant properties taxed and eventually returned to the City.
An initial $535,500 start up cost raised some eyebrows, as consulting firm KPMG's Anne Lindsay explained the reason behind the number.
It would then cost an average of $250,000 annually for the next five years for upkeep.
Lindsay explained how they identified vacant properties during their data collection.
That formula concluded 549 of the 41710 eligible units as vacant.
Including all properties, the city has a 2.9% vacancy rate.
The Canada Mortgage and Housing Corporation classifies a "healthy," vacant rate for a city at 3%, per Lindsay.
Story by Grant Deme
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