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.
Large estates in Vietnam were collectivised.
Land reform has always been closely tied to shifts in the wider political economy of countries.
The digital economy will impact the ability of cities to generate revenue through traditional land-based taxes. A new solution is needed.
THE CANADIAN PRESS/Mark Blinch
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.
Previous NSW election promises were easily funded. Not so this time.
Prices have been falling since September 2017. It means the budget will no longer repair itself.
Eliminating stamp duty would bring on more real estate transactions, but that might not be a good thing.
The conventional case for swapping stamp duty for land tax will boost the economy has weak underpinnings.
The ACT has Australia’s best state tax system, NSW the worst.
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.
Vacant and unlit ‘ghost’ apartments are a source of public outrage in major cities around the world.
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.
The Rental Vulnerability Index for Queensland shows the cumulative impact of factors affecting renters across the state.
City Futures Research Centre
Almost nowhere in our capital cities can low-income households – and those on average incomes in Sydney – afford the median rent. Mapping rental vulnerability finds it in regional areas too.
When public investment in a development like Sydney’s Northern Beaches Hospital boosts land values, who should reap those gains: the community or individual owners?
NSW Premier's Office/AAP
Who is entitled to the increase in value created by planning approvals, new infrastructure, population growth or urban development? For John Stuart Mill, the answer would have been the community.
Older Australians are not deterred by financial barriers as much as emotional ones, when it comes to downsizing.
When people do downsize, financial incentives are generally not the big things on their minds. And so most of the budget’s financial incentives will go to those who were going to downsize anyway.
The Turnbull government’s line that supply is the key to affordability finds little support among housing experts.
Housing experts writing for The Conversation largely agree on the government policies that are causing negative distortions in the market and the wider economy. And supply is not the key concern.
Federal Urban Infrastructure Minister Paul Fletcher and Prime Minister Malcolm Turnbull are eyeing value capture as a way to fund projects, but how will they sell a new tax to voters?
Consider these home truths: value capture is a tax, it would need to apply to the family home and deciding which areas it covers would be politically contentious. A broad-based land tax is simpler.
This transit-oriented development in Oakland, California, combines residential housing with easy access to local transport options and amenities.
A combination of transit-oriented centres, inclusionary zoning and a special rate on land instead of stamp duty could make housing more affordable by cutting congestion, development and travel costs.