What will work for commercial and industrial properties ought to work for homes.
Articles on Land tax
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Asked to choose the fairest ways to raise billions, half of the economists backed introducing inheritance taxes. Around a third chose winding back super tax concessions and increased resource taxes.
Neither NSW Labor nor the NSW Coalition is actually proposing to axe stamp duty. Neither are any of the other states or territories, apart from the ACT.
Economists have long advocated replacing stamp duty with land tax. We find that the implications for housing prices depends on whether you own a house or an apartment.
Charging for rezoning is a move other states should follow, as are land taxes. Stamp duty hikes, not so much.
Homebuyers would benefit from a stamp duty for land tax swap, and so would some homeowners.
Its “opt-in” proposal means some homeowners will never switch over and will never pay land tax.
Tasmania gets more of its revenue from “bad taxes” than any state or territory other than Victoria, and less from “good taxes” than anywhere other than Queensland.
Rezoning enormously increases the value of properties. Yet the developers who benefit don’t want to pay, in the name of “certainty”.
Corporations provide security in the form of long-term leases.
It would be a mistake to think that just because higher earners face higher tax rates, that’s what they pay. When it comes to income from savings it’s the other way around.
Boosting the GST and swapping land tax for stamp duty get headlines, but they never seem to happen.
It’s time to reform stamp duty, one of the most inefficient and distorting taxes collected by Australia’s state and territory governments.
Land reform has always been closely tied to shifts in the wider political economy of countries.
As more Canadians flock to urban centres, those cities have fewer options to raise taxes New tax policies are needed that reflect the shift to a digital economy.
Prices have been falling since September 2017. It means the budget will no longer repair itself.
The conventional case for swapping stamp duty for land tax will boost the economy has weak underpinnings.
The Grattan Institute says swapping stamp duty for land tax would make Australians up to $17 billion a year better off.
From wealth, to the natural world, to genes and intelligence, a podcast exploring the theme of inheritance.
A tax on empty homes will make a modest difference to housing affordability. The sheer wastefulness of our housing system calls for something much more ambitious.
Top contributors
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Program Director, Housing and Economic Security, Grattan Institute
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Research Fellow - Henry Halloran Trust, University of Sydney
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Professiorial Fellow, The University of Melbourne
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John Curtin Distinguished Professor, Curtin University
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Director, Tas Law Reform Institue / Associate Professor, University of Tasmania, University of Tasmania
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Casual Lecturer in Planning, University of Sydney
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Senior Lecturer in Law, Nottingham Trent University
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Halford Mackinder Professor of Geography, University of Oxford
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Transport and Cities Program Director, Grattan Institute
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Sir Henry Wellcome Postdoctoral Fellow, King's College London
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Researcher, Grattan Institute
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Emeritus Professor of Finance and Financial History, The Open University
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Senior Lecturer, Faculty of Law, University of Tasmania
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Director, Bankwest Curtin Economics Centre (BCEC) and John Curtin Distinguished Professor at Curtin Business School, Curtin University
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PhD Candidate in Conservation Psychology, Royal Holloway, University of London