Aussies Rent Their Land in Their Capitol
|October 24, 2013||Posted by Staff under Geonomics In Action|
Canberra Times, June 30, 2013, by Fleta Page
The average house owner in the ACT is paying 60 per cent more in rates than eight years ago. Average rates for stand-alone houses have more than doubled since 2005.
The rates system has undergone big changes in that time, including the introduction last year of a progressive taxation system, and a transition towards abolishing stamp duty and insurance tax.
Average increases were in line with increasing land values, up 41 per cent since 2005-06, higher average incomes – up 38 per cent – and inflation.
A quarter of households have in 2012-13 received a cut in their rates bill.
There is a rates rebate, energy concession, and a water and sewerage concession for Canberrans who needed help.