Earlier this week, I released detailed analysis of state and territory stamp duty receipts for the 2017-18 financial year, which was released by the ABS.
Today, CoreLogic’s Cameron Kusher has released similar analysis on Australian Government’s property tax addiction:
State and local governments collected a whopping $30.293 billion worth of property tax revenue over the 2017-18 financial year… [This] was 5.6% higher over the past year… Within total property taxes, land taxes ($9.153b) increased 9.0% over the year, municipal rates ($18.451b) increased 4.3% and other taxes ($2.689b) increased 3.4% over the year…
The full text of this article is available to MacroBusiness subscribers
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
