Published • loading... • Updated
Controversial post-COVID land tax to be rolled back
The change would remove 250,000 people from the land tax system and save eligible owners up to $975 a year, the government said.
- On Sunday, Premier Ben Carroll promised to unwind land tax hikes if re-elected, gradually raising the threshold back to $300,000 and reversing a controversial policy introduced after COVID-19 to help repay state debt.
- Former premier Daniel Andrews lowered the tax-free threshold from $300,000 to $50,000 in 2023 to tackle pandemic-era debt, placing higher costs on investment property owners since then.
- Opposition Leader Jess Wilson's similar policy aims to reach the $300,000 threshold by 2031/32, though her plan carries a $360 million cost compared to Labor's $230 million budget impact.
- The government plans to remove 250,000 people from the land tax system, potentially saving them up to $975 annually, funded through infrastructure delays and cutting executive roles.
- Beyond tax, thousands rallied Sunday demanding road repairs following fatal accidents, while the Liberals and Nationals unveiled 'SurgerySooner' to reduce hospital wait times using private facilities.
Insights by Ground AI
13 Articles
13 Articles
Six-year land tax rollback: Premier moves to dismantle Andrews-era policy for 250,000 Victorians
Premier Ben Carroll is promising to unwind a controversial Andrews-era tax increase, mirroring a similar promise by the state opposition ahead of November’s election.
·North Sydney, Australia
Read Full Article
Coverage Details
Total News Sources13
Leaning Left4Leaning Right3Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
13%
R 37%
Factuality
To view factuality data please Upgrade to Premium
