Tag Archives: land tax

CBD tax woes

By Khiara Elliott CBD property owners are facing massive land tax hikes and may be further hit if recommendations are adopted for another metro rail project. Land tax assessments for 2017 based on councils valuations for 2016 predict that some land tax bills will increase by as much as 180 per cent. According to figures

Land tax slug

City of Melbourne property owners pay more to the State Government in land tax than they pay in council rates. In 2013-14, City of Melbourne research shows that locals paid $215 million in land tax, contributing 13 per cent of the total statewide figure of $1.6 billion. The council’s rate incomes was $213 million, equating

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