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Equalization is a step in property taxation to bring a uniformity to tax assessment levels across different geographical areas or classes of properties. Equalization is usually in the form of a uniform percentage of increase or decrease to each area or class of property.
South Australia was the first Australian state to introduce a land tax, based on the unimproved capital value of land, in 1884. [6] [7] In 1910, George Allen (first secretary to the Treasury) founded the Land Tax Office to service land taxes at the federal level as a form of wealth tax and as a means to break up large tracts of underutilised land.
There have also been attempts since then to introduce land value tax legislation, such as the Federal Property Tax Act of 1798, [15] and HR 6026, a bill introduced to the United States House of Representatives on February 20, 1935 by Theodore L. Moritz of Pennsylvania. HR 6026 would have imposed a national 1% tax on the value of land in excess ...
“The proposed tech tax hike would put Virginia companies at a significant competitive disadvantage in industries where global competition is high and margins are narrow. ... of the sales tax to ...
In Victoria, the land tax threshold is $50,000 on the total value of all Victorian property owned by a person on 31 December of each year and taxed at a progressive rate. The principal residence, primary production land and land used by a charity are exempt from land tax. [78] In Tasmania the threshold is $25,000 and the audit date is 1 July.
Virginia State School is a government primary (Prep–6) school for boys and girls at 1690 Sandgate Road [ 13 ] [ 14 ] [ 15 ] In 2018, the school had an enrolment of 440 students with 33 teachers (27 full-time equivalent) and 19 non-teaching staff (12 full-time equivalent). [ 16 ]
The qualified dividend tax rate for tax year 2024– filing in 2025– is either 0%, 15% or 20%. These rates are influenced by your tax bracket , which is determined by your filing status and ...
25 January – Cyclone Kirrily crosses the North Queensland coast at Townsville as a Category 3 system before weakening. [24] 27 January – Queensland state Labor MP Jim Madden resigns from parliament to vie for a position as a local councillor with Ipswich City Council in the 2024 Queensland local elections on 16 March. [25]