Month: May 2012
Blowtorch applied to land tax valuations
Rental housing undermined by State Land Tax
26–28 Brae Street, Bronte
An example of State Land Tax (SLT) agenda used to undermine exclusively rental housing
Numerous examples exist of a SLT agenda being used to undermine exclusively rental housing, let’s take just one. Continue reading “Rental housing undermined by State Land Tax”
Land taxing rental housing Sydney 2011
There are social housing groups and development lobbyists who constantly call for greater strata housing densities, aware this can only undermine rental housing on freehold land, if privately funded.
Continue reading “Land taxing rental housing Sydney 2011”
State Land tax 2011 imposed on Central Coast Council areas NSW
This data discloses the extent State Land Tax (SLT) was imposed in 2011 on rental housing (residential) and business in NSW Central Coast Council Areas of:
- Gosford
- Lake Maquarie
- Newcastle
- Wyong
The data shows the number of rental housing and business properties liable for SLT and the amount of SLT imposed (data rounded).
| Council | Residential properties | SLT | Business properties | SLT | Total properties | Total SLT |
|---|---|---|---|---|---|---|
| Gosford | 6041 | $25,436,000 | 2489 | $19,290,000 | 8530 | $44,726,000 |
| Lake Macquarie | 6138 | $8,457,000 | 2423 | $15,520,000 | 8561 | $23,976,000 |
| Newcastle | 4613 | $9,697,000 | 2914 | $28,892,000 | 7527 | $38,589,000 |
| Wyong | 4352 | $9,437,000 | 1841 | $13,036,000 | 6,193 | $22,473,000 |
| Total | 21,144 | $53,027,000 | 7625 | $76,738,000 | 28,769 | $129,765,000 |