Home›Questions on Notice›QoN 1174

❓ Hon Helen Bullock questions the rationale behind the 50% cap on land value growth for land tax purposes in 2009-2010. The Treasurer's answer cites reduced volatility and unpredictability for landowners as the reason.

AnsweredQoN 1174Legislative Council

Asked

8 September 2009

Member

Hon Helen Bullock

Portfolio

Treasurer

QuestionView source ↗

I refer to the Economic and Fiscal Outlook in Budget Paper No. 3, page 54, and I ask, what is the rationale behind the 50 percent cap on growth in land values for 2009-2010?

AnswerView source ↗

Answered

13 October 2009

Responded by

Parliamentary Secretary representing the Treasurer

Response time

35 days

The year to year volatility and unpredictability of growth in individual land tax and metropolitan region improvement tax bills has been an ongoing cause of concern for many landowners. The cap will help address the problem by ensuring that land values for land tax purposes will not grow by more than the specified percentage from year to year. It is estimated that around 2,600 landowners will benefit from the 50 percent cap to apply in 2009-10.
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