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By revenue, property taxes represent 4.5% of total taxation in Australia. [15] A government report [16] in 1986 for Brisbane, Queensland advocated a land tax. The Henry Tax Review of 2010 commissioned by the federal government recommended that state governments replace stamp duty with land value tax.
A valuer general or valuer-general (plural: valuers general, valuers-general [1]) is the chief government official in charge of the land valuation system in their jurisdiction. [ 2 ] Australia
A goods and services tax (GST) is a value added tax levied by the federal government at 10% on the supply of most goods and services by entities registered for the tax. The GST was introduced in Australia on 1 July 2000 by the then Howard Liberal government. A number of supplies are GST-free (e.g., many basic foodstuffs, medical and educational ...
A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. [ 3 ] [ 4 ] The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century.
There were various land acts in between these dates which dealt with a variety of specialized land settlement policies and developments e.g. village settlements in country areas (very small blocks), commune settlements (1890s), irrigation developments etc. Village settlement land files are held by the Queensland State Archives. [3]
The Australian Property Institute (API) is a professional industry body representing residential, commercial and plant and machinery valuers, analysts, fund managers and property lawyers. The API was originally formed in 1927 as the Commonwealth Institute of Valuers. [ 1 ]
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
Queensland: Property Law Act 1974 [14] Land Titles Act 1994 [15] Northern Territory: Law of Property Act [16] Land Title Act [17] South Australia: Law of Property Act 1936 [18] Real Property Act 1886 [19] Tasmania: Conveyancing and Law of Property Act 1884 [20] Land Titles Act 1980 [21] Western Australia: Property Law Act 1969 [22] Transfer of ...