Archive: 12/9/2013
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  12/9/2013, Tevet 6, 5774

Property Taxes Doubled for Vacant Apartments

On Monday the Finance Committee approved the doubling of property taxes for vacant apartments. The purpose of the move is to encourage owners to rent out their apartments rather then leave them empty. Currently rents are very high, especially in the big cities of Jerusalem and Tel Aviv and there is a far greater demand then supply.