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Property taxes from the states are surging and there may be more to come

Press coverage 21 June 2024 Summary of published coverage
Property taxes from the states are surging and there may be more to come

State governments were reported to be raising billions of dollars from property owners, with the New South Wales government freezing indexation of its land tax threshold to collect $1.5 billion and lifting the foreign owner surcharge from 4 to 5 per cent. The move followed Victoria’s decision to cut its land tax threshold to $50,000, and commentators warned investors would struggle to find a lower taxing state.

Reported by

James Kirby, Wealth Editor, The Australian, 21 June 2024

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