Bothell City Council Considers Speculation and Vacancy Tax to Address Housing Crisis

In a significant city council meeting on April 1, 2025, the Bothell City Council deliberated over the potential implementation of a speculation and vacancy tax modeled after British Columbia's successful initiative. This proposed tax aims to address the increasing number of vacant properties in the city and enhance the availability of housing. Councilmember Alderks highlighted the importance of educating the community about permanent supportive housing, emphasizing the need for compassion towards individuals who have experienced significant hardships. The tax would impose additional fees on properties left vacant for prolonged periods, incentivizing owners to either rent or sell their units. Discussions also covered the complexities of housing policies and the necessity for regional cooperation in addressing supply issues.

The council plans to engage with a specialist to facilitate community discussions and enhance understanding of housing initiatives. This meeting reflects the council's commitment to proactive measures aimed at fostering an inclusive and supportive environment for all residents in Bothell. Continued discussions on these topics will take place in the coming months as the council seeks effective housing solutions.