A report from Victoria's Parliamentary Budget Office, commissioned by the state opposition, shows Victorians will pay around $450 more property tax than people in New South Wales next financial year.

Research shows Victorians will pay the highest rate of property tax in the country

    • DavidDoesLemmyOP
      6·
      1 year ago

      I think land tax is better than stamp duty. It encourages people to not have more land than they need. Whereas stamp duty discourages people from moving/downsizing.

    • TassieTosser
      5·
      1 year ago

      The article sounds as if it’s just reporting the facts to me. There’s one comment from the opposition and one response from the Labor govt. The rest of the article is explaining what’s going on and why Vic rates are the way they are.

    • MeanElevator
      4·
      1 year ago

      The annual charge will apply to investment properties and holiday homes, not the family home.

      So for me owning one home (family home) this won’t apply.

      Or am I missing something in there?

        • MeanElevator
          4·
          1 year ago

          Which sort of throws the opposition argument of ‘higher housing costs for families’ out the window.

          Thanks for clearing it up.

          I’m not a fan of more taxes, but this seems reasonable.

      • Taleya
        3·
        1 year ago

        I think what you’re missing is the ability to be clickbaited into panicked outrage