The First Interval: Evaluating ACT's Land Value Tax Transition
Keyword(s):
• Increasing land tax rates appears to have deterred housing speculation• Future land tax obligations are already capitalised into lower land prices• Because of this, new home buyers save between $1000 and $2000 per year on mortgage costs• New housing construction has remained strong during the tax transition period• Residential rental growth is at historical lows, benefiting renting households• The distribution of land tax obligations between different types of land holders is the main political sensitivity
2009 ◽
Vol 4
(1)
◽
pp. 45-64
◽
1992 ◽
Vol 32
(2)
◽
pp. 186-194
◽
Keyword(s):
2019 ◽
Vol 667
◽
pp. 012047