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Victorians to pay the highest property tax rates in the country according to report (www.abc.net.au)

submitted 2 years ago by DavidDoesLemmy@aussie.zone to c/melbourne@aussie.zone

9 comments fedilink hide all child comments

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

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[–] Treevan@aussie.zone 6 points 2 years ago (3 children)

Is this being framed as a bad thing? I thought land tax was the arrow to pierce excessive landholders where it hurts. If the tax is too high, you give up the land rather than horde it like Smaug.

What a land tax needs is a preventative measure to stop landholders passing on the bill to the people they lord over. Then land tax good! Maybe it needs a threshold; some land ok, too much land BAD!

Or is this the ABC just being the shadow of their former self? Anyone got any details of the minutiae of this one?

[–] TassieTosser@aussie.zone 4 points 2 years ago (1 children)

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.

[–] Treevan@aussie.zone 5 points 2 years ago

Yes, it is. Reading between the lines the premise is "tax = bad" which everyone knows isn't completely right.

[–] DavidDoesLemmy@aussie.zone 4 points 2 years 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.

[–] MeanElevator@aussie.zone 1 points 2 years ago (2 children)

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?

[–] Taleya@aussie.zone 1 points 2 years ago

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

[–] Treevan@aussie.zone 0 points 2 years ago (1 children)

Exactly. It's not hurting poorer people.

Even though tax is bad, this is a good one. You wouldn't know it from the title and blurb.

[–] MeanElevator@aussie.zone 1 points 2 years 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.

[–] sphere_au@reddthat.com 1 points 2 years ago

High levels of infrastructure spending = eventually, high levels of tax. A "big build" is not a "free build".

And infrastructure spending is almost certainly needed, so that isn't much of a point to argue on either. What the opposition should be asking is whether the right infrastructure is being built, as that will ultimately determine whether we get an improved standard of living out of it rather than just a big tax bill.