Variable Property Taxes based on FSR
Many SF homes built in the city today have huge footprints. Real estate economics shouldn't govern the size of homes. Reward existing homeowners and new home builders by allowing property tax discounts for greater green space surrounding their homes. Smaller homes with larger proportion of the land landscaped in trees or gardens increases the quality of city life.
Incentives are being considered for homes that are built sustainability and to be energy efficient.
Drive More commented
How about cracking down on all the illegal suites and rentals and charging them more property tax. Just go by all the newer homes with too many cars parked up and down the side streets.
Global warming is here, there is no need for double glaze. Come again during the next ice age.
Colin McCubbin commented
I worked in Switzerland for many years in the 1980s, they gave home tax reductions for such things as having double glazing. I actually think it was case of adding an extra % of tax if you only had single glazing, but can see no good reason why Vancouver can't give property tax discounts for several environmentally friendly features.
LEED standards come to mind as an already existing set of 'goalposts' for new buildings that could translate to lower taxes as higher LEED ratings are achieved.