NSW: NSW gov't to reform land tax system

AAP General News (Australia)
04-15-2006
NSW: NSW gov't to reform land tax system

NSW Treasurer MICHAEL COSTA says the state budget will be good news for taxpayers ..

with the government reportedly looking to overhaul its land tax system.

Fairfax newspapers say Mr COSTA will announce the changes as part of his first state
Budget on June 6.

The reforms are expected to include the averaging of land valuations over three years
.. and a new .. transparent appeal process.

Mr COSTA is also looking at allowing the valuer-general more time to assess value property
.. and a small cut in the 1.7 per cent tax rate.

AAP RTV nr/wf

KEYWORD: TAX NSW (SYDNEY)

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