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The City of Vancouver released a heat map Thursday showing the distribution of residential properties where owners haven’t yet made a declaration to avoid its new empty-homes tax, and the highest concentration is in condo-rich Yaletown.

The city says about 182,000 residential property owners — about 98 per cent — have submitted their declarations but another 4,000 still haven’t. Most of the undeclared properties are in the downtown core and the highest concentrations are in Yaletown, Coal Harbour and the West End.

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Homeowners in the three condo-dense neighbourhoods who have not declared occupancy risk paying a one per cent tax on their properties’ assessed values. Assessed values of residential strata units — such as condos — in Metro Vancouver skyrocketed this year by five to 35 per cent.

Residential property owners had until Feb. 2 to declare occupancy, however, the city extended the deadline to March 5 in order to give the 4,000 who had not declared a chance to avoid penalties and fines.