TAS Land Tax - Is It Time For A Review?
Land tax is calculated on the land value of a property – if the land value of the property increases, then so does the tax.
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Land Tax is a tax imposed on landowners by the State Government. It is a state-based tax. Some properties are exempt from paying this tax, including:
- a principal place of residence
- land used for primary production
- land owned by religious charitable and education institutions
Land tax is a passive tax - government does nothing for it, and the money raised goes into the “pot”. It is, in the parlance of Tr…
