Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: January 14, 2025

Purpose:

Content: RECOMMENDED:      1)          That the following discounts and premiums be recommended to Council for 2025/2026:   Class A Second Homes Discount for 2025/2026: ·       No reduction, i.e. a 0% discount;   Class B Second Homes Discount for 2025/2026: ·       No reduction i.e. a 0% discount, plus ·       An additional premium of 100%   Class C Empty / Unfurnished Discount 2025/2026: ·       0% for both the initial and follow on periods   Long-Term Empty Property Premiums (Levy): ·       100% for properties empty between one and five years, ·       200% for properties empty longer than five years, and ·       300% for properties empty longer than ten years.   Class D Uninhabitable Properties: ·       25% for 12 months starting on the day the property becomes uninhabitable; then: ·       0% once the 12 month period has expired;   2)          That the Exceptions Policy as summarised below and detailed at Appendix 3 to the report be agreed.   3)          That the government guidance of November 2024 as included at Appendix D to the report be noted.   Reason for Decision   To ensure the discounts, premiums and exceptions policy for Second Homes and Long-Term Empty properties are agreed for 2025/2026.